Jammu and Kashmir Bank has disclosed the following key financial figures for the period ending 31st December 2024. The figures presented are provisional and subject to a limited review. Here’s a closer look at the performance and growth indicators for J&KBANK during this period.
Key Financial Highlights for Q4 2024:
- Total Business
J&KBANK achieved total business of ₹2,36,987.48 crores for Q4 2024, representing an impressive YoY growth of 8.56% compared to the same period last year (₹2,18,294.83 crores in Q4 2023). - Total Deposits
The total deposits for J&KBANK stood at ₹1,40,947.81 crores at the end of Q4 2024, marking a healthy YoY growth of 9.65%, up from ₹1,28,542.47 crores in Q4 2023. - CASA Deposits
J&KBANK’s Current Account and Savings Account (CASA) deposits amounted to ₹67,888.01 crores, reflecting a growth of 4.39% YoY from ₹65,035 crores in the previous year. However, the CASA percentage dropped slightly to 48.17%, compared to 50.59% in Q4 2023. - Gross Advances
The gross advances saw a moderate growth, reaching ₹99,134.05 crores at the end of Q4 2024. This represents a 5.98% YoY increase from ₹93,538 crores in Q4 2023. - Gross Investment
J&KBANK reported a significant growth in gross investments, which stood at ₹41,394.29 crores for Q4 2024, showing a substantial increase of 26.97% YoY from ₹32,602.59 crores in Q4 2023.
