<p>J&amp;K Bank on Thursday posted a 10.6 per cent growth in its net profit to Rs 546.36 crore in the <a href="https://www.mid-day.com/business/business-news/article/axis-bank-q2fy27-standalone-net-profit-jumps-376-per-cent-to-rs-700328-crore-23655603" target="_blank" rel="none noopener">second quarter ended September 30, 2026</a>.&nbsp;</p>
<p>It had reported a net profit of Rs 494.11 crore in the year-ago period, J&amp;K Bank said in a statement.</p>
<p>Total income rose to Rs 4,041.99 crore in the quarter under review from Rs 3,445.58 crore in the same period a year ago.</p>
<p>The bank's Net Interest Income (NII) rose 5 per cent during the quarter under review to Rs 1,502 crore over the same quarter last year. The Cost-to-Income Ratio for the quarter has witnessed substantial improvement, at 56.57 per cent compared with 60.79 per cent for the corresponding quarter last year.</p>
<h2>Asset quality improves</h2>
<p>In terms of asset quality, the lender said <a href="https://www.mid-day.com/mumbai/mumbai-news/article/rbi-report-says-npas-of-indian-banks-fell-to-multi-decadal-low-of-2-1-per-cent-23609794" target="_blank" rel="none noopener">gross non-performing assets (NPAs)</a> declined to 2.23 per cent of gross advances at the end of the September quarter as against 3.32 per cent a year ago. Net NPA too improved to 0.51 per cent during the quarter under review, as against 0.76 per cent in the year-ago period. The bank said &nbsp;this was the decadal best asset quality metrics.</p>
<p>The lender's Provision Coverage Ratio (PCR) has also recorded improvement in sequential terms and stood at 91.76 per cent as on 30th September 2026 against 90.53 per cent as on 30th June 2026, which is again a decadal best.</p>
<p>"The continuing improvement in our GNPA ratio by 14 bps QoQ to 2.23 per cent - the lowest level in a decade &ndash; along with an annualised Gross Slippage Ratio of just 0.4 per cent for the half year, reflect the cumulative impact of our continued focus on disciplined underwriting and proactive credit monitoring mechanism even as we continue to expand our loan book," J&amp;K Bank MD &amp; CEO Amitava Chatterjee said.</p>
<h2>Deposits and advances</h2>
<p>Gross advances grew by 23.72 per cent to Rs 1,33,551 crore from Rs 1,07,943 crore recorded a year ago, while total deposits increased by 16.30 per cent to Rs 1,76,796 crore.&nbsp;</p>
<p>The bank said its <a href="https://www.mid-day.com/business/business-news/article/icici-bank-q2fy27-net-profit-soars-20-per-cent-to-rs-1484303-crore-23655612" target="_blank" rel="none noopener">CASA ratio</a> stood at 41.97 per cent as on September 30,2026, while its Capital Adequacy Ratio increased to 16.57 per cent from 15.27 per cent at the end of September 2025.&nbsp;</p>

The Gross NPA ratio improved to 2.23 per cent of gross advances during the September quarter compared to 3.32 per cent last year

J&K Bank Q2FY27 net profit rises 10.6 per cent to 546.36 crore

Barclays likely to cut at least 5 per cent of workforce amid AI push

The gross Non-Performing Assets declined to 2.23 per cent of gross advances at the end of the September quarter as against 3.32 per cent a year ago

J&K Bank Q2FY27 net profit jumps 10.6 per cent to 546.36 crore

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Home / Business / Business News / Article / J&K Bank Q2FY27 net profit jumps 10.6 per cent to 546.36 crore