Ace investor Mukul Mahavir Agrawal increased his stake in Jammu & Kashmir Bank during the January-March quarter, adding around 25 lakh shares. The stock has delivered solid returns, rising about 28% so far in CY26, while most other lenders, including HDFC and ICICI, have corrected.
Jammu & Kashmir Bank has shown steady operational improvement, supported by better asset quality, stable margins, and growth in core income streams. The bank’s overall business crossed Rs 2.9 lakh crore.
In its December quarter results, the bank reported a net profit of Rs 587 crore, up 10% year-on-year and 19% sequentially. The lender recorded a 17% YoY growth in gross advances and an 11% YoY growth in deposits.
For the first nine months of FY26, net profit stood at Rs 1,566 crore, marking a 4% increase compared with the same period last year. The bank’s gross non-performing asset ratio was last seen at 3%, while the net NPA improved to 0.68%.
