Chief Secretary, Atal Dulu, chaired a high level meeting to review the commercial performance of Jammu and Kashmir Bank today, besides consulting strategies to enhance their financial strength and service outreach in the central region.
Principal Secretary, Finance, Santosh D. Vaidya participated; Managing Director and CEO, Jammu and Kashmir Bank, Amitawa Chatterjee and other senior officials and Finance Department.
The Chief Secretary appreciated the development trajectory of J&K Bank, emphasizing the need to continuously pay attention to the improvement in operational efficiency and financial inclusion. He emphasized management to bring gross non-performing assets (NPAs) to the national average through effective monitoring and recovery mechanisms.
Highlighting the important role of the bank in the economic development of Jammu and Kashmir, Dullu urged the leadership to lend the priority area, especially in highly-affected areas such as agriculture, industry, high density plantation, fisheries, dairy and self-employment enterprises. He insisted on re-designing debt products under Mission Youth, NRLM SHGS, Kisan Credit Card (KCC) and Homestead schemes and to be more attractive, accessible and entrepreneurial-friendly. He encouraged the bank to think beyond traditional customers, especially to detect diverse trading paths to increase further profitability about government employees.
To rapidly adopt digital solutions and better customer service distribution, he directed the bank to work towards saturation of financial inclusion schemes such as PMJJBY, PMSBY and APY in UT.
The Chief Secretary also underlined the importance of bank’s capital adequacy ratio and improving the bank’s capital adequacy ratio and investment in digital infrastructure to make banking more inclusive, transparent and user.
Principal Secretary, Finance, Santosh D. Speaking at the meeting, Vaidya highlighted the increasing incidence of cyber fraud across the country. He advised the bank to intensively analyze such crimes to formulate localized risk mitigation strategy.
He further encouraged the bank to diversify its portfolio by exploiting insurance, foreign currency and concerned financial services and to interact on favorable business conditions.
Presenting a detailed observation of the bank’s performance, MD & CEO, Amitawa Chatterjee said that Jammu and Kashmir Bank achieved a total commercial portfolio of 2,52,768 crore during the financial year 2024-25, marking 10% year-year growth. He shared that the gross NPA has been reduced by 71 basis points from the previous year and brought up to about 2.5% by the closure of the upcoming financial year.
Some of the major highlights of J&K Bank’s performance presented at the meeting included a net profit of ₹ 2,082.46 crore (CAGR 31.88%) (FY 2024–25). 1.14), Return on equity (ROE) at 17.37%, the income ratio of 57.73% and the cost of a net interest margin (NIM) of 3.92% registered by the bank in the previous year of its operation.
It was also divided that J&K Bank holds 61.43% market share in UT and works on about 2 crore accounts (deposits and advances) through 878 bank branches and a strong network of 1,948 business correspondents (BCS).
The bank has reported a stellar performance under the annual credit plan 2025, destroying ₹ 51,839 crore, which is 182% of its target. Under the loan of the priority sector, the bank has achieved 134% of the target. It has increased the benefits of KCC to 11.33 lakh farmers, which cover more than 82% qualified beneficiaries in J&K.
Additionally, J&K Bank plays an important role in implementing central and UT government schemes like PMEGP, NRLM, PMAY, PMJJBY and PMSBY, which ensures financial assistance to the undersanding population in the UT.