Srinagar, May 8: The Chambers of Commerce and Industries Kashmir (CCIK) on Thursday congratulated Jammu & Kashmir Bank for posting its highest-ever annual profit of ₹2,363.47 crore for the financial year 2025–26 and urged the bank to enhance support for local businesses and stressed borrowers in Jammu and Kashmir.
In a letter addressed to the bank’s Managing Director and CEO Amitava Chatterjee, CCIK President Tariq Ghani described the record performance as a reflection of sound management, operational discipline and institutional resilience.
The Chamber also appreciated the bank’s growth in business, deposits and advances, along with improvement in asset quality.
CCIK said the success of the bank was closely linked to the trust and participation of the people of Jammu and Kashmir over several decades. It noted that households, salaried employees, traders, businesses and institutions in the region had consistently provided the bank with a stable and low-cost deposit base, contributing to one of the strongest CASA ratios in the banking sector.
The Chamber further stated that a major share of the bank’s earnings historically came from borrowers within Jammu and Kashmir, including salaried employees, traders, horticulturists and stakeholders in the tourism sector.
While congratulating the bank for its financial achievements, CCIK appealed to the institution to strengthen its commitment to the local economy by increasing credit flow to MSMEs, traders, apple growers, artisans, industrial units and the tourism and hospitality sector.
The business body also urged the bank to introduce a Special One-Time Settlement (OTS) policy for borrowers whose accounts had become stressed due to circumstances beyond their control, including shutdowns, policy disruptions, delayed payments and natural disasters.
CCIK requested the bank to keep coercive recovery measures in abeyance until such a policy is introduced, saying the move would demonstrate the bank’s commitment to rehabilitation alongside profitability.
“The business fraternity of Jammu & Kashmir always stands with J&K Bank and looks forward to continued support for the region’s economic growth and prosperity,” the Chamber said in the communication.
