Jammu and Kashmir Bank Limited has reported a 9.2% year-on-year growth in its total business for the first half of FY24, reaching ₹2,34,136.68 crore, compared to ₹2,14,407.57 crore in the corresponding period last year.
Key highlights from the bank’s provisional financials for the period ending September 30, 2024, include:
- Total deposits grew by 8.96% YoY to ₹1,37,932.47 crore, up from ₹1,26,589.73 crore.
- CASA deposits recorded a modest increase to ₹67,048.24 crore, though the CASA ratio saw a slight dip to 48.61%.
- Gross advances reached ₹99,343.63 crore, showing an 8.3% YoY rise.
- Gross investment saw a significant surge of 18.06%, climbing to ₹39,640.14 crore.
These figures are provisional and subject to limited review, as confirmed by Mohammad Shafi Mir, Company Secretary of Jammu and Kashmir Bank Limited.
