JAMMU & KASHMIR BANK : Less than 10 PE

 https://youtu.be/sxLE9XFKmw4?si=yoQXXMKhxGHZzdup

  • J&K Bank’s annual net soars 48 pc to reach its highest ever profit of Rs 1767 Cr
  • JAMMU & KASHMIR BANK  : Less than 10 PE
  • In yet another record-breaking performance, J&K Bank has posted a net profit of Rs1767 Cr for the fiscal 2023-24 – a remarkable improvement of 48% over the previous high of Rs. 1197 Crore achieved last year.  
  • Asset Quality: Strengthening its asset quality further, the Bank has brought down the Gross NPA (GNPA) to 4.08 %, while the net NPA are below 1 percent at 0.79%.
  • Bank’s Yield on Advances rose annually to 9.54% from 8.91%, while as the Return on Assets (RoA) reached quite healthy levels at 1.22% -  crossing the 1% barrier after a decade - as against 0.89% recorded last fiscal. 
  • Business Growth: J&K Bank's total deposits rose 10.44 % YoY to Rs 134774.89 Cr as of March 31, 2024, from Rs 122037.74 Cr recorded a year ago, while as the Net Advances of the Bank stood at Rs 93762.51 Cr in Q4FY24 rising up 14 % YoY from Rs 82285.45 Cr in Q4FY23. 
  • Bank's deposit growth, in line with the industry average of 11%, and advances increasing by approximately 14%, highlight its robust growth trajectory and market leadership in its core operational geography 
  • Capital Adequacy: Ensuring adequate availability of capital to support its business growth while maintaining the regulatory buffer comfortably, the Bank is well cushioned with its Capital Adequacy Ratio at 15.33 % as on Mar, 2024. 

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