J&K Bank's profit grows, driven by focus on agricultural and retail loans

Business Industry

Posted by AI on 2025-07-28 17:36:54 | Last Updated by AI on 2026-09-27 03:15:29

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J&K Bank's focus on agricultural and retail loans has driven a 16.7% increase in profit during Q1, according to the bank's Managing Director and CEO, Amitava Chatterjee.

The lender's profit for the quarter stood at 485.87 crore, exceeding the 415.49 crore recorded in the corresponding quarter a year ago.

Chatterjee highlighted the bank's initiatives to finance horticulture and agriculture-based industries, as well as the expansion of its retail loan portfolio, as key contributors to the profit growth.

He added that the bank remains committed to supporting these sectors, which are vital to the economy of the union territory of Jammu and Kashmir.

The MD & CEO also noted that the bank will continue to explore new business opportunities and innovate its product offerings to ensure sustained growth in the years ahead.

The news has been received positively, reflecting the bank's ongoing efforts to support the local economy and prioritize financial inclusion in the region it operates in.

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