According to The Economic Times, ace investor Mukul Mahavir Agrawal increased his stake in Jammu & Kashmir Bank during the January-March quarter, adding around 25 lakh shares. Shareholding data shows Agrawal raised his holding by 0.23 percentage points in Q4. He now owns 1.65 crore shares, translating to a 1.5% stake in the bank as of the March quarter, up from 1.4 crore shares or 1.27% at the end of December 2025. This increase implies he purchased around 25 lakh shares during the quarter.
As reported by The Economic Times, the move comes as the stock has delivered solid returns, rising about 28% so far in CY26, even as most other lenders, including big ones like HDFC and ICICI, corrected. Jammu & Kashmir Bank has shown steady operational improvement over the past few quarters, supported by better asset quality, stable margins and growth in core income streams. The bank recently announced its overall business crossed ₹2.9 lakh crore.
According to The Economic Times, in its December quarter results, the bank reported a net profit of ₹587 crore, up 10% year-on-year and 19% sequentially. The performance came despite challenging operating conditions. For the first nine months of FY26, net profit stood at ₹1,566 crore, marking a 4% increase compared with the same period last year. The bank remains on track to deliver record annual profitability for the fourth consecutive year, supported by improving operating metrics.
As reported by The Economic Times, the lender maintained strong business momentum during the third quarter, recording a 17% YoY growth in gross advances and a healthy 11% YoY growth in deposits. As of December 2025, the Bank's gross advances surged to ₹1.16 lakh crore while total deposits reached ₹1.55 lakh crore. Net interest income rose 4% in the third quarter, while other income grew 15% YoY.
According to The Economic Times, asset quality also strengthened meaningfully. The gross non-performing asset ratio was last seen at 3%, while the net NPA improved to 0.68%. The provision coverage ratio remained strong at over 90%, reflecting prudent provisioning practices. The bank also benefited from a decline in the cost of deposits, which fell to 4.69% during the quarter from 4.86% in the previous quarter.
