J&KBANK Holds 88th AGM: Reviews FY26 Performance, Approves Fund Raise
J&KBANK's 88th AGM on Sep 22, 2026, reviewed FY26 results: ₹2,363 crore net profit (up 13.5%), ₹2.90 lakh crore total business. Shareholders approved raising up to ₹1,000 crore (Tier-I) and appointed Mr. Tsewang Tharchin as Director.
The AGM covered key financial performance, significant fund-raising approvals, and board changes, all of which have a material impact on the company's future operations and stakeholder value.
The announcement highlights record profits, strong business growth, improved asset quality, and strategic fund-raising, all positive indicators for the bank.
The Jammu & Kashmir Bank Limited (J&KBANK) held its 88th Annual General Meeting (AGM) on September 22, 2026, at the Sher-i-Kashmir International Conference Centre in Srinagar. The meeting, chaired by Mr. Sankarasubramanian Krishnan, reviewed the financial year ended March 31, 2026. Key highlights included an all-time high net profit of ₹2,363.47 crore, a year-on-year growth of 13.5%. Total business reached ₹2,90,341 crore, with deposits at ₹1.65 lakh crore and gross advances at ₹1.25 lakh crore. The bank also crossed the ₹3 trillion business milestone by June 2026. Asset quality improved, with Gross NPA at 2.50% and Net NPA at 0.64%. The Capital Adequacy Ratio stood at 16.55%.
During the AGM, the shareholders approved the Audited Financial Statements for FY26, authorized the Board to fix auditors' remuneration for FY27, and noted the retirement of Mr. R K Chhibber. A significant business item was the approval to raise funds up to ₹1,000 crore (Tier-I). Additionally, Mr. Tsewang Tharchin was appointed as a Rotational Director. The meeting concluded with a question-and-answer session, and the voting results along with the Scrutinizer’s Report will be disseminated within two working days.
The Bank's future strategy, as outlined by the Chairman and MD & CEO, Amitava Chatterjee, focuses on responsible growth, technology, customer service, governance, and risk management, with aspirations to achieve ₹5 trillion in business and ₹5,000 crore annual profit by 2030.
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The Jammu & Kashmir Bank Limited filed this with the NSE as a statutory disclosure, categorised under agm. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by The Jammu & Kashmir Bank Limited. Read the original for the full detail.