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Jammu & Kashmir Bank reported strong provisional business growth for Q1FY27

ICICIdirect Research 02 Jul 2026 DISCLAIMER

News: Jammu & Kashmir Bank reported strong provisional business growth for Q1FY27, with gross advances rising to ₹1,30,576 crore, up 25.5% YoY (4.5% QoQ). Total deposits stood at ₹1,73,420 crore, registering a growth of 16.8% YoY (4.9% QoQ), while CASA deposits increased to ₹72,979 crore, up 7.5% YoY (-3.3% QoQ). Consequently, the CASA ratio moderated to 42.1% (vs 45.6% in Q4FY26).

View: Healthy credit growth significantly ahead of the system, supported by strong deposit accretion, reflects sustained business momentum. However, moderation in the CASA ratio may weigh modestly on margins.

Impact:Neutral

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