88th AGM reviews fourth consecutive year of record profitability; total business crosses ₹3 trillion
SRINAGAR, SEPT 22: J&K Bank is set to issue a recruitment notification within days for Associate and Officer posts in Jammu & Kashmir and Ladakh, even as the bank reported an all-time high net profit of ₹2,363 crore for 2025-26 and its shareholders approved the annual dividend.
The announcements were made during the 88th Annual General Meeting (AGM) of J&K Bank shareholders held at the Sher-i-Kashmir International Convention Centre (SKICC), Srinagar, on Tuesday.
The AGM was chaired by the Bank’s Part-time Non-Executive Chairman S. Krishnan in the presence of Managing Director and CEO Amitava Chatterjee, directors on the Board and a large number of shareholders.
Recruitment notification within days
Responding to shareholders’ queries during the question-answer session, MD & CEO Amitava Chatterjee said the Bank would soon issue a recruitment notification for Associate and Officer positions in Jammu & Kashmir and Ladakh.
The announcement comes as the Bank continues to expand its operations and crossed the ₹3 trillion milestone in total business by June 2026.
Net profit rises 13.5%
Addressing shareholders, Chatterjee said the Bank had maintained its growth trajectory despite challenging circumstances and delivered its fourth consecutive year of record profitability.
The Bank’s net profit reached an all-time high of ₹2,363 crore, registering year-on-year growth of 13.5 per cent, he said.
He added that the growth momentum had continued into the current financial year, with the Bank crossing the ₹3 trillion total business milestone by June 2026.
According to Chatterjee, the Bank’s progress was broad-based, with profitability, asset quality, efficiency and capital strength advancing together.
He said the Bank would continue to focus on the quality and sustainability of earnings rather than growth in isolation.
Digital transactions rise sharply
Highlighting the Bank’s digital transformation, the MD & CEO said investments in digital platforms, data analytics, cybersecurity and process automation were improving customer experience and operational efficiency.
Digital transactions recorded growth of up to 94 per cent during FY 2025-26, he said, reflecting increasing customer use of the Bank’s digital ecosystem.
Chatterjee said the Bank’s aspiration was to become the “Bank of Choice”, with continued investment in people and technology, cybersecurity, customer experience, innovation and operational excellence.
Chairman highlights role in regional economy
Chairman S. Krishnan said the Bank’s progress should ultimately be measured by its contribution to the economic and social transformation of the region and beyond.
He highlighted J&K Bank’s continuing role in enabling entrepreneurship and said its participation in Mission YUVA was particularly significant in creating opportunities for a new generation of entrepreneurs.
Krishnan also stressed the importance of technology in the Bank’s transformation, saying the objective should be to make banking simpler, safer and more accessible.
He placed on record the Board’s appreciation for the leadership of Chatterjee and his management team, as well as the contribution of employees across the Bank.
AGM proceedings
DGM and Company Secretary Mohammad Shafi Mir read out the Auditor’s Report, comments of the Comptroller and Auditor General (C&AG) and the Secretarial Audit Report.
He also briefed shareholders on the business items placed before the AGM and said the e-voting results, along with the Scrutinizer’s Report, would be made available on the websites of the Bank, its Registrar and Transfer Agent (RTA) and the stock exchanges within two working days of the conclusion of the AGM.
The AGM concluded with a question-answer session in which shareholders raised various issues and the MD & CEO responded to their queries.
The shareholders also appreciated the Bank’s improving performance during the financial year 2025-26.
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