Srinagar, September 06,2025: J&K Bank has initiated the payment of dividend to its shareholders with Managing Director and CEO, Shri Amitava Chatterjee, presenting two dividend cheques of Rs 122.85 Crore and Rs 7.92 Crore to Lieutenant Governor Shri Manoj Sinha at the Raj Bhawan. The Union Territory Administration of Jammu and Kashmir, as the Bank’s promoter and majority shareholder, received the dividend for the Financial Year 2024-25.
The occasion was attended by Chief Secretary Shri Atal Dulloo, Principal Secretary, Finance Shri Santosh D Vaidya, Principal Secretary to Lieutenant Governor Dr. Mandeep K. Bhandari, and Shri Mohammad Shafi Mir, Company Secretary, J&K Bank.
The dividend distribution follows the Bank’s approval of a 215% dividend at its 87th Annual General Meeting (AGM), underscoring the Bank’s robust financial strength and pivotal role in driving the region’s economic development.
Congratulating the management and employees of J&K Bank, LG Manoj Sinha lauded the institution’s performance and urged it to sustain growth while serving the people with excellence. He stressed on the Bank’s role in financial inclusion, particularly in supporting small and micro-enterprises. “In 2019-20, J&K Bank posted a loss of Rs 1139 Crore. However, in just four years, it has achieved a remarkable turnaround, reporting a profit of Rs 1700 Crore in 2023-24,” the Lieutenant Governor observed.
Highlighting the Bank’s achievements, Shri Amitava Chatterjee reaffirmed the commitment to world-class banking services and its contribution to Mission YUVA for inclusive, equitable, and sustainable growth across Jammu and Kashmir. He noted that J&K Bank recorded a hat-trick of historic earnings, culminating in its highest-ever net profit of Rs 2082 Crore in FY 2024-25.
This milestone reinforces J&K Bank’s position as the financial backbone of Jammu and Kashmir and a key driver of its economic progress.
