Jammu and Kashmir Bank declares 215% dividend after record profit growth

The Jammu and Kashmir Bank Limited held its 87th Annual General Meeting on August 26, 2025, where shareholders approved a final dividend of ₹2.15 per equity share for the financial year 2024-25. This reflects the bank’s commitment to shareholder returns.

MD & CEO Amitava Chatterjee, who chaired the meeting, highlighted the bank’s record-high annual net profit of ₹2082.46 Crores, an 18% year-on-year growth. Total business surpassed ₹2.5 Lakh Crores, with deposits growing by 10.23% to ₹1,48,569.46 Crores and gross advances increasing by 11.13% to ₹1,04,198.72 Crores.

Jammu and Kashmir Bank emphasized its continued focus on digital transformation, leading to a substantial moderation in its cost-to-income ratio, which stood at 57.73% against 62.24% in the previous year. Asset quality also improved, with the Gross NPA ratio reducing to 3.37% and Net NPA remaining at 0.79%. Significant investments in CSR initiatives, totaling around ₹31 Crores, were also noted, demonstrating the bank’s dedication to social and environmental sustainability.

Approvals were also granted for the re-appointment of Dr. Pawan Kotwal, IAS, and Dr. Mandeep K Bhandari, IAS, as rotational directors, and M/s D K Pandoh & Associates as Secretarial Auditors for a five-year term. The Annual Report 2024-25, along with financial statements and auditors’ reports, were adopted by the members.