J&K Bank Crosses Historic Rs 3 Trillion Business Mark, Sets Sights on Vision 2030 Growth
Srinagar, July 1: J&K Bank has achieved a major milestone in its 88-year history by crossing the historic Rs 3 trillion total business mark at the close of the June quarter (Q1 FY2026-27), reinforcing its position as one of the country's strongest and fastest-transforming financial institutions.
The Bank reported a total business of Rs 3.04 trillion, comprising Rs 1.73 trillion in deposits and Rs 1.31 trillion in gross advances. The milestone reflects a year-on-year business growth of more than 20 per cent, supported by an increase of over 16 per cent in deposits and 25 per cent in gross advances.
The achievement was celebrated across the Bank, with the main event held at its Corporate Headquarters. Managing Director and Chief Executive Officer Amitava Chatterjee presided over the function in the presence of Executive Director Sudhir Gupta, Chief General Managers, General Managers, Deputy General Managers and other senior officers. Divisional and Zonal Heads participated in the celebrations through video conferencing.
Addressing the gathering, Managing Director and CEO Amitava Chatterjee congratulated the Bank's promoters, customers, shareholders, employees and other stakeholders, acknowledging their trust, commitment and continued support in shaping the institution's growth journey.
He described the Rs 3 trillion milestone as a defining moment for the Bank, stating that the achievement reflected the confidence reposed by customers and investors, the dedication of employees and the unwavering support of all stakeholders.
Highlighting the pace of the Bank's transformation, Chatterjee said the institution had expanded its business from Rs 2 trillion to Rs 3 trillion in nearly three years, compared to almost a decade taken to grow from Rs 1 trillion to Rs 2 trillion. He said the accelerated growth demonstrated the Bank's strengthened business model, disciplined execution strategy and successful institutional transformation.
Reaffirming the Bank's long-term vision, Chatterjee said the latest achievement was not the destination but another milestone towards the Vision 2030 target of achieving Rs 5 trillion in total business and an annual profit of Rs 5,000 crore.
He emphasized that sustained growth would continue to be driven by quality, prudent financial management and customer-centric services, adding that with greater scale comes greater responsibility. The Bank, he said, remains committed to upholding the highest standards of integrity, professionalism and corporate governance while pursuing its next phase of growth.
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