Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Jammu & Kashmir Bank Ltd. ( ($IN:J&KBANK) ) has provided an announcement.
Jammu & Kashmir Bank Limited has reported provisional business figures for the financial year ending March 31, 2025, showing a year-on-year growth of 10.61% in total business, reaching Rs 252,779.14 crores. The bank also saw a 10.24% increase in total deposits and a 10.32% rise in gross advances, indicating a robust financial performance. However, the CASA (Current Account Savings Account) percentage saw a decline of 350 basis points, reflecting a shift in deposit composition. These figures highlight the bank’s strong growth trajectory, although the decrease in CASA percentage may suggest a need for strategic adjustments.
More about Jammu & Kashmir Bank Ltd.
Jammu & Kashmir Bank Limited operates in the banking industry, offering a range of financial services including deposits, advances, and investments. The bank primarily focuses on serving the financial needs of individuals and businesses in the region of Jammu and Kashmir, India.
YTD Price Performance: -1.87%
Average Trading Volume: 229,808
Current Market Cap: 108.6B INR
Learn more about J&KBANK stock on TipRanks’ Stock Analysis page.