JAMMU & KASHMIR BANK LTD. - 532209 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Presentation and Audio of Conference Call held on May 06, 202406-05-2024
06-05-2024
JAMMU & KASHMIR BANK LTD. - 532209 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper Publication regarding Audited Financial Results of the Bank for the Financial Year Ended March 31, 202406-05-2024
JAMMU & KASHMIR BANK LTD. - 532209 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Loss of Share Certificates06-05-2024
Q4FY24 Quarterly & FY24 Annual Result Announced for Jammu & Kashmir Bank Ltd.
Jammu & Kashmir Bank announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Net profit for Q4FY24 at Rs 638.67 crore, a 34% increase over the previous financial year. Total deposits rose 10.44% YoY to Rs 1,34,774.89 crore. Net Advances of the Bank stood at Rs 93,762.51 crore in Q4FY24, rising up 14% YoY. Deposits grew by 5% sequentially (QoQ). Advances increased by 4.5% sequentially (QoQ). CASA Ratio at 50.51% as of March 31, 2024. FY24 Financial Highlights: Net profit for FY24 at Rs 1,767 crore, a remarkable improvement of 48% over the previous high. Total revenue grew by 19% to cross the Rs 12,000 crore mark. Net interest margin (NIM) stood at 3.92%. Yield on Advances rose annually to 9.54% from 8.91%. Return on Assets (RoA) reached quite healthy levels at 1.22%. Gross NPA (GNPA) brought down to 4.08%. Net NPA below 1% at 0.79%. Capital Adequacy Ratio at 15.33% as on March, 2024. Board of Directors recommended a final dividend of Rs 2.15 per share. Bank’s MD & CEO Baldev Prakash said, "We are thrilled to report such stellar annual numbers, which reflect our unwavering commitment to excellence and prudent financial management. Our record-breaking annual profit and impressive financial metrics reflects the changing culture of the Bank where delivering streak of new records period after period is becoming a habit also underscores the Bank’s resilience and strategic prowess in navigating dynamic market conditions. More so, it reflects the dedication of our staff, the unwavering trust of our customers, and the continued support of our major shareholders i.e. UT Government.” “Recommendation of a handsome dividend of Rs 2.15 per share of face value Re 1.00 for FY24 by the Board of Directors, is an acknowledgement of the trust and support of our shareholders and we are keen to share the rewards with our valuable shareholders. The success is the outcome of establishing synergies between the core elements of personnel, processes and technology; wherein capabilities have been fortified through planned transformation and change management", he said adding further, “Now with laid-out platform, enhanced capabilities and strengthened core, we are ready to scale newer heights while embracing the dynamically evolving industry practices.” He further stated, “Such stupendous success has been achieved while following principles of ethical business practices and maintaining highest standards of corporate governance.” MD further stated, "Our strong asset quality metrics underscore our methodical approach to risk management and our unwavering focus on maintaining a healthy balance sheet. While exceeding our annual guidance, these results validate our efforts to build a resilient and sustainable banking franchise. With a Provision Coverage Ratio (PCR) at 91.58%, J&K; Bank continues to demonstrate its commitment to prudential provisioning and risk mitigation.” "Internally, our ESG efforts have led to the implementation of e-office across the organization, drastically reducing paper usage. However, remaining cognizant of environmental concerns, we continue to engage in sensible lending practices contributing to sustainability and enhanced operational efficiency." On upgrading Bank’s Human Resource, he asserted, “We continue to invest in our workforce through HR initiatives focused on re-skilling and up-skilling, creating change champions prepared to meet future challenges. An online learning system titled e-Pathshala has been established, integrating knowledge acquisition into the career progression journeys of employees, thereby incentivizing personal and professional growth – an overall strengthening of employee value proposition the Bank offers to its existing and prospective staff members.” Commenting briefly upon the Bank’s CSR Program, MD said, “The Bank also contributes to the overall social good through its Corporate Social Responsibility (CSR) programs. With an annual spend of around Rs 19 crore under our CSR programs during FY 2023-24, we have supported initiatives aimed at empowering marginalized communities, promoting eco-friendly measures, and providing assistance to persons with disabilities besides supporting programs focussed on skill development of youth. And on the back of improved profitability, such initiatives are bound to witness a further boost owing to the enhanced budgetary allocations.” "As we celebrate this remarkable milestone, I would like to extend my heartfelt gratitude to our stakeholders and the communities we serve. Together, we will continue to grow, innovate and create sustainable value for all our stakeholders", he concluded. Result PDF06-05-2024
JAMMU & KASHMIR BANK LTD. - 532209 - AUDITED FINANCIAL RESULTS (STANDALONE & CONSOLIDATED) OF THE BANK FOR THE QUARTER AND FINANCIAL YEAR ENDED 31ST MARCH, 2024
AUDITED FINANCIALS OF THE BANK04-05-2024
JAMMU & KASHMIR BANK LTD. - 532209 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press Release regarding Audited Financials of the Bank for the Financial Year 2023-2404-05-2024
JAMMU & KASHMIR BANK LTD. - 532209 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
RESCHEDULED CONFERENCE CALL OF MANAGING DIRECTOR AND CEO OF THE BANK04-05-2024
Jammu And Kashmir Bank Results: Reports Highest-Ever Annual Profit Of Rs 1,767 Crore
The bank witnessed a 10% increase in its total income to Rs 6,029.17 crore from Rs 5,502.09 crore.04-05-2024
JAMMU & KASHMIR BANK LTD. - 532209 - Related Party Transactions
Related Party Transactions04-05-2024
JAMMU & KASHMIR BANK LTD. - 532209 - COMPLIANCE UNDER REGULATION 32 OF SEBI LODR REGULATIONS 2015
STATEMENT OF DEVIATION OR VARIATION FOR THE QUARTER ENDED MARCH, 202404-05-2024