SRINAGAR: Jammu and Kashmir Bank has crossed the historic Rs 3 trillion Rs 3 lakh cr) total business milestone at the close of the first quarter of FY2026-27, registering a total business of Rs 3.04 trillion and marking a significant achievement in its 88-year history, a spokesman of the bank said.
The Bank’s total business comprises Rs 1.73 trillion in deposits and Rs 1.31 trillion in gross advances. It recorded an overall year-on-year business growth of more than 20 per cent, driven by over 16 per cent growth in deposits and more than 25 per cent growth in gross advances.
The milestone was celebrated across the Bank, with the main function held at its Corporate Headquarters. Managing Director and Chief Executive Officer Amitava Chatterjee chaired the event in the presence of Executive Director Sudhir Gupta, Chief General Managers, General Managers, Deputy General Managers and other senior officers. Divisional and Zonal Heads participated in the celebrations through video conferencing from their respective offices.
Congratulating stakeholders on the achievement, Chatterjee expressed gratitude to the Bank’s promoters, customers, shareholders, employees and well-wishers for their continued trust and support.
“Crossing the Rs 3 trillion business milestone is a moment of immense pride for all of us. This achievement belongs to every customer who trusted us with their savings, every shareholder who reposed confidence in our vision, every employee whose dedication made this journey possible, and every stakeholder who stood by the Bank through every phase of its evolution. We remain deeply grateful for their unwavering trust and support,” he said.
Highlighting the Bank’s growth trajectory, Chatterjee said the institution had reached the Rs 3 trillion business mark in around three years after crossing Rs 2 trillion, compared with nearly a decade taken to grow from Rs 1 trillion to Rs 2 trillion.
“This is not just faster growth, it is evidence of a fundamentally transformed institution. It reflects the confidence our customers and investors repose in us, the agility of our business model and the disciplined execution of our strategy,” he said.
Reiterating the Bank’s long-term growth strategy, Chatterjee said crossing the Rs 3 trillion milestone was another step towards achieving its Vision 2030 targets of Rs 5 trillion in business and an annual profit of Rs 5,000 crore.
“Crossing Rs 3 trillion in business is not our destination; it is just another milestone in our journey towards realising the Vision 2030 of achieving Rs 5 trillion business and Rs 5,000 crore annual profit. As we believe our best years lie ahead of us, we must ensure that every next step of growth is anchored in quality, prudence and customer-centric service. Bigger business brings greater responsibility, and we remain committed to fulfilling it with the highest standards of integrity, professionalism and governance,” he said.
