Jammu & Kashmir Bank has achieved a historic milestone by crossing the ₹3 trillion total business mark in Q1 FY2026-27, marking a defining moment in its 88-year journey. As reported by The Economic Times, the bank's total business reached ₹3.04 trillion, comprising ₹1.73 trillion in deposits and ₹1.31 trillion in gross advances. This represents a remarkable over 20% year-on-year growth driven by strong performance across all business segments. The achievement was celebrated across the bank with a main function held at its Corporate Headquarters, with Managing Director & CEO Amitava Chatterjee presiding over the event in the presence of Executive Director Sudhir Gupta and other senior officers.
The bank demonstrated robust operational performance with total business increasing 20.36% year-on-year and 4.70% quarter-on-quarter to ₹3,03,996 crore as of 30 June 2026. According to Business Standard, gross advances jumped 25.51% year-on-year and 4.48% quarter-on-quarter to ₹1,30,576 crore, while total deposits rose 16.75% year-on-year and 4.88% quarter-on-quarter to ₹1,73,420 crore. The latest data shows even stronger momentum with over 25% growth in gross advances and over 16% growth in deposits. As per The Economic Times, the growth was fueled by a increase in both deposits and gross advances, with the bank registering over 16% growth in deposits and over 25% growth in gross advances.
The bank's CASA deposits stood at ₹72,979 crore, up 7.48% year-on-year but down 3.31% quarter-on-quarter. According to Business Standard, the CASA ratio declined to 42.08% from 45.71% a year ago and 45.64% in the preceding quarter, representing a contraction of 363 basis points year-on-year and 356 basis points sequentially. Gross investments increased 0.91% year-on-year and 5.78% quarter-on-quarter to ₹43,706 crore.
Managing Director & CEO Amitava Chatterjee congratulated all stakeholders and expressed gratitude to promoters, customers, shareholders and employees for shaping the bank's remarkable journey. As reported by The Economic Times, Chatterjee highlighted the accelerated growth trajectory, noting that the journey from ₹2 trillion to ₹3 trillion was completed in around three years, compared to nearly a decade it took to move from ₹1 trillion to ₹2 trillion. "Crossing the ₹3 trillion business milestone is a moment of immense pride for all of us. This achievement belongs to every customer who trusted us with their savings, every shareholder who reposed confidence in our vision, every employee whose dedication made this journey possible, and every stakeholder who stood by the Bank through every phase of its evolution," he said. The ₹3 trillion business milestone represents just another step in the bank's Vision 2030 of achieving ₹5 trillion business and ₹5,000 crore annual profit.
