Srinagar, June 10, 2025 – Jammu & Kashmir Bank has achieved a historic milestone, crossing a total business portfolio of ₹2,52,768 crore in FY 2024–25, marking a robust 10% year-on-year growth, while serving more than 2 crore accounts. The bank’s stellar performance was reviewed by Chief Secretary Atal Dulloo during a high-level meeting on June 9, where he urged the bank to enhance digital banking, financial inclusion, and priority sector lending to drive J&K’s economic growth.
Managing Director & CEO Amitava Chatterjee presented a detailed overview, highlighting a net profit of ₹2,082.46 crore (CAGR 31.88%) and a significant reduction in gross Non-Performing Assets (NPAs) to 3.37%, down 71 basis points from the previous year, with a target to further lower it to 2.5% by the end of FY 2025–26. The bank reported deposits of ₹1,48,569 crore (CAGR 10.34%), net advances of ₹1,04,199 crore, a Return on Assets (RoA) of 1.32% (above peer average of 1.14%), Return on Equity (RoE) of 17.37%, and a Net Interest Margin (NIM) of 3.92%.
Dulloo commended the bank’s growth trajectory but stressed the need to align gross NPAs with national averages through stringent monitoring and recovery mechanisms. He emphasized scaling up priority sector lending in high-potential sectors like agriculture, industry, high-density plantation, fisheries, dairy, and self-employment ventures. The bank excelled under the Annual Credit Plan 2025, disbursing ₹51,839 crore (182% of its target) and achieving 134% of its priority sector lending goals. Additionally, 11.33 lakh farmers (over 82% of eligible beneficiaries) received Kisan Credit Cards .
To bolster financial inclusion, Dulloo directed the bank to expand digital banking infrastructure in unbanked rural centres and redesign loan products under schemes like Mission YUVA, NRLM SHGs, KCC, and Homestay to support emerging entrepreneurs and rural clients. He also called for saturation-level coverage under schemes like PMJJBY, PMSBY, and Atal Pension Yojana , which has seen 2.48 lakh accounts opened to date. On March 7, 2025, J&K Bank and J&K Grameen Bank provided ₹100 crore in credit to women Self Help Groups under DAY-NRLM to mark International Women’s Day.
The bank’s digital infrastructure demonstrated resilience, processing ₹13,900 crore in transactions over a six-day period during the Eid-ul-Adha festivities, handling over 22,000 transactions per minute at peak times with 100% platform availability. Despite recent challenges, including a SEBI administrative warning over delayed disclosure of Chatterjee’s appointment as MD & CEO and criticism from the JKECC for double loan deductions, the bank remains focused on operational efficiency and customer trust.
Dulloo’s vision positions J&K Bank as a catalyst for J&K’s economic transformation, with a renewed focus on inclusive growth, digital innovation, and sustainable development. The bank’s achievements, coupled with its commitment to cybersecurity—recently recognised at the IBA CISO Summit 2025—underscore its pivotal role in the Union Territory’s progress.
