JAMMU & KASHMIR BANK LTD. - 532209 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Issuance of Duplicate Share Certificates08-02-2024
08-02-2024
JAMMU & KASHMIR BANK LTD. - 532209 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Issuance of Duplicate Share Certificates02-02-2024
JAMMU & KASHMIR BANK LTD. - 532209 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper Notice regarding Loss of Share Certificates26-01-2024
JAMMU & KASHMIR BANK LTD. - 532209 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Transcript of Concall held on January 22, 202424-01-2024
JAMMU & KASHMIR BANK LTD. - 532209 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper Notice regarding Loss of Share Certificates24-01-2024
JAMMU & KASHMIR BANK LTD. - 532209 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Loss of Share certificates23-01-2024
JAMMU & KASHMIR BANK LTD. - 532209 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper Notices regarding Financials December, 202322-01-2024
JAMMU & KASHMIR BANK LTD. - 532209 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Presentation and Audio of Conference Call held on January 22, 202422-01-2024
Jammu & Kashmir Bank Results Earnings Call for Q3FY24
Conference Call with Jammu & Kashmir Bank Management and Analysts on Q3FY24 Performance and Outlook. Listen to the full earnings transcript.22-01-2024
Q3FY24 Quarterly & 9MFY24 Result Announced for Jammu & Kashmir Bank Ltd.
Jammu & Kashmir Bank announced Q3FY24 & 9MFY24 results: Financial Performance: - J&K; Bank's net profit increased by 35% YoY, reaching Rs 421.08 crore for the quarter ended December 31, 2023. - For the nine months leading up to this period, net profit jumped by 57% to Rs 1,128.60 crore. - The net interest income (NII) for the nine months grew by 11% YoY to Rs 3,897.57 crore. - Quarterly NII rose by 2% YoY to Rs 1,280.44 crore. - Operating profit for the quarter was reported at Rs 550.54 crore. Asset Quality: - Gross NPA Ratio decreased by 241 basis points YoY to 4.84%. - Net NPA ratio significantly reduced by 125 basis points YoY and stands below 1% at 0.83%. - Provision coverage ratio improved by 678 basis points annually to 91.61%. Operational Metrics: - Net Advances increased by 16% YoY to Rs 89,752.36 crore. - Deposits saw a 9% growth YoY, reaching Rs 1,28,542.47 crore. - Overall business grew by 11.61% to Rs 2,18,650 crore. - The cost-to-income ratio dropped further to 62.36%. Capital Adequacy: - The Capital Adequacy Ratio (BASEL III) reached 14.18%. - Net worth has surpassed Rs 10,000 crore for the first time, currently above Rs 11,000 crore. Commenting upon the Bank’s asset quality, MD & CEO said, “Asset quality continues to be our star metric and the numbers are fast converging towards the best in the industry. Backed purely by steady recoveries coupled with lower-to-negligible slippages, our GNPA has further reduced and we remain on track to meet our annual market guidance of GNPA around 4.5% while our net NPA is already below 1%. In terms of provisioning too we are very comfortably placed at PCR of above 90% after a very long time.” In his remarks on operating numbers, MD & CEO Baldev Prakash said, “We have continued our growth momentum by delivering another set of quarterly numbers reflecting progress in bottom line parameters. I am confident that we are well on course to meet our annual growth guidelines.” “Our bottom line got the boost with major recoveries contributing to provision write-backs despite making additional provisions for NPAs at higher than RBI prescribed rates resulting in negative credit costs for the Quarter/9-month period”, he added. Commenting on growth numbers, MD & CEO said, “Driven by the robust retail growth especially in Housing (21%), SME (21% and mostly driven by services) and credit Card (24%), the Bank’s loan book has gone up 16%. And led by Housing (24%) and Car finance (36%), our Rest-of-India advances portfolio has also grown by 19% quite in line with our ROI focus during the December quarter.” “Our deposits witnessed a 9% growth YoY against the industry average of 13% while maintaining the industry-best CASA Ratio at above 50%”, he added. Regarding the capital position, MD & CEO Baldev Prakash stated, “The recent successful QIP - with an aggregate value of Rs 750 crore has sufficiently strengthened our capital position while boosting our perception in the market because of the unprecedented and swift response from the market. We will use this CET1 capital of Rs 750 crore as growth capital to augment our capacity to fund our business plans.” “With the QIP, our net worth has crossed Rs 10,000 crore for the first time and is currently above Rs 11,000 crore”, MD & CEO added. Result PDF22-01-2024