Interim report
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Jammu and Kashmir Bank Limited Corporate Headquarters M A Road, Srinagar 190001 Kashmir, India CIN: L65110JK1938SGC000048 T +91 (0)194 248 3775 F +91 (0)194 248 1928 W www.jkb.bank.in E board.sectt@jkbmail.com Board Secretariat Ref:-JKB/BS/F3652/2026/168 Dated: 22nd October, 2026 National Stock Exchange of India Limited Exchange Plaza 5th Floor Plot No. C/1 G-Block Bandra Kurla Complex Bandra (E) Mumbai – 400 051 Symbol: J&KBANK The BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai – 400 001 Scrip Code:532209 SUB:- REVIEWED FINANCIAL RESULTS (STANDALONE & CONSOLIDATED) OF THE BANK FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER, 2026 Dear Sirs, Pursuant to Regulation 33 and 52 read with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith a copy of the Reviewed Financial Results of the Bank for the Quarter and Half Year ended 30th September, 2026. The Results were taken on record by the Board of Directors in their meeting held today i.e. 22nd October, 2026. The meeting commenced at 10:00 A.M. and the agenda item pertaining to the financial results was concluded at 01:00 P.M. The meeting is continuing to consider other items of business. This is for your information and appropriate dissemination. Thanking you Yours faithfully For Jammu and Kashmir Bank Limited (Mohammad Shafi Mir) Company Secretary
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2. TheStatement,whichistheresponsibilityoftheBank'sManagementandhas been approved bytheBoard of Directors,hasbeenpreparedby theBank's Managementinaccordance with therecognitionand measurement principles laid downinAccounting Standard25"Interim financialReporting" ("AS25") prescribed underSection133oftheCompaniesAct,2013 (the"Act"),the relevantprovisionsoftheBankingRegulationAct,1949, thecirculars, guidelines and directionsissued bytheReserveBankofIndia(RBI)from time totime("RBIguidelines") andotheraccountingprinciplesgenerallyaccepted inIndia,andisincompliance with thepresentationand disclosure requir,.@ffientsofRegulation33 andRegulation52readwithRegulation63(2) tI:3&Ass°Ct: 0'>~q~ .[JJ\PI"": g.t;*. t"l ~'{>~ ~"redACco~~ l.WehavereviewedtheaccompanyingStatement ofUnaudited Standalone Financial Results("thestatement")ofJammu&Kashmir Bank Limited (lithe Bank") forthequarter and halfyear ended30thSeptember,2026 attached herewith, being submitted bythebank pursuant to requirementsof Regulations33and Regulation52readwithRegulation63(2) ofSEEI(Listing Obligationsand DisclosureRequirements)Regulations,2015,asamended ("theListingRegulations, 2015")except for thedisclosuresrelatingtoPillar3 disclosure as atSeptember 30, 2026includingleverageratio,liquidity coverageratio and netstablefunding ratiounder Basel IIICapital Regulations ashavebeen disclosed on theBank'swebsiteand in respect of whichalink hasbeen providedinthe Statementandhavenotbeenreviewed byus. To TheBoard of Directors of Jammu&Kashmir Bank Limited Independent Auditors'Limited Review Report on the Unaudited Standalone Financial Results for the quarterand halfyear ended 30th September,2026 of Jammu&Kashmir Bank Limited pursuant to Regulation33and52 read with Regulations 63(2) of the SEBI (Listing Obligationsand Disclosure Requirements) Regulations,2015, as amended. Gupta Gupta&Associates LLP J CR&Co.LLP CharteredAccountantsCharteredAccountants 142/3TrikutaNagar,2ndFloor, Corner Building, OppositeHope Jammu-180012Medicate,Ziyarat Batamaloo, Sl'inagaI'-190009 Dhar Tiku&Co.Gupta Sharma&Associates CharteredAccountantsChartered Accountants 2nd Floor, The Mall, SDA Complex, GroundFloor,142Sector3, Court Road,Lal ChowkTrikuta Nagar, Srinagar-190001Jammu-180012
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5.Basedonourreviewconductedasabove,nothinghascometoourattention thatcausesustobelievethattheaccompanyingStatementofUnaudited StandaloneFinancialResultsincludingnotesthereonpreparedinaccordance withapplicableaccountingstandardsandotherrecognizedaccounting practicesandpolicieshasnotdisclosedtheinformationrequiredtobe disclosedintermsofRegulation33andRegulation52readwithRegulation 63(2)oftheListingRegulations,2015,includingthemannerinwhichitisto bedisclosed,orthatitcontainsanymaterialmisstatementorthatithasnot beenpreparedinaccordancewiththerelevantguidelines/prudentialnorms issuedbytheReserveBankofIndiainrespectofincomerecognition,asset classification,provisioningandotherrelatedmattersexceptforthe disclosuresrelatingtoPillar3asat30thSeptember,2026includingleverage ratio,liquiditycoverageratioandnetstablefundingratiounderBaselIII CapitalRegulations,whichhavebeendisclosedontheBank'swebsiteandin Apartfromthesereports,intheconductofourreview,wehavealso consideredvariousreturnsoftheremaining611branchesincluding8 ImpairedAssetsRecoveryBranches.Thereturnsrelatingtoadvances portfolio,non-performingassetsandprovisionsdulycertifiedbyvarious Branchmanagersofthebankarealsoincorporatedinthefinancialresults. ThereturnsreceivedfromtheBranchescover22.97%oftheadvancesportfolio ofthebankand43.08%ofnon-performingassetsofthebank. 4.TheseUnauditedStandaloneFinancialResultsincorporatetherelevantreturns of132branchesincluding4ImpairedAssetsRecoveryBranches,treasury operations,creditcarddivisionandvariousreturnsofcorporateoffice departmentsreviewedbyus.IntheconductofourReview,wehavereliedupon thereviewreportsinrespectofnon-performingassetsreceivedfromthe concurrentauditorsof277branches.Thesereviewreportscover77.03%ofthe advancesportfoliooftheBank(excludingtheadvancesofoutstandingfood credit)including54.09%advances,whichhavebeencoveredbyus,and56.92% ofthenon-performingassetsofthebankincluding52.92%whichhavebeen coveredbyus,asat30thSeptember,2026. 3.WeconductedourreviewoftheStatementinaccordancewiththeStandardon ReviewEngagements(SRE)2410-"ReviewofInterimFinancialInformation PerformedbytheIndependentAuditoroftheEntity",issuedbytheInstitute ofCharteredAccountantsofIndia.Thisstandardrequiresthatweplanand performthereviewtoobtainmoderateassuranceastowhetherthefinancial statementsarefreeofmaterialmisstatement.Areviewislimitedprimarilyto inquiriesoftheBank'spersonnelandanalyticalproceduresappliedto financialdataandthusprovideslessassurancethananaudit.Accordingly,we donotexpressanauditopinion. oftheListingRegulations,2015,includingrelevantcircularsissuedbytheSEBf fromtimetotime.OurresponsibilityistoissueareportontheStatement basedonourreview.
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b) Note No.34,regardingunlistedequityinvestments classified under the Fair Valuethrough Profit andLoss (FVTPL)category.TheBankhas valued these investmentsatbreak-up valueintermsof theReserveBank ofIndia (CommercialBanks-Classification,Valuationand Operation ofInvestment Portfolio)Directions,2025.Appreciation ofz68.20crore (z51.04crore netof tax) relatingto theperiod upto March31, 2024hasbeencrediteddirectly to RevenueReserves, andappreciation ofz28.88crorerelating to thefinancial years 2024-25 and2025-26hasbeen included inOtherIncome for the quarter and half-year ended September30,2026 asprior perioditemsintermsof AS-S. a)Note18, regarding the changein theBank'saccounting policy,effective April1, 2026,forrecognitionof expenditureandincome relating tothepurchaseand saleofPrioritySector Lending Certificates (PSLCs).Pursuantto therevised accountingpolicy,suchexpenditureand income are recognisedonasystematic basisover the validityperiodoftherespectivePSLCsinsteadofbeingrecognised in full in thequarterinwhich the transactionsareundertaken.Thechangehas resultedin anincreaseofe7.53 croreintheBank'sProfit after Taxfor the half yearendedSeptember30,2026. Wedrawattentiontothe following Notesto the Standalone&Consolidated (Reviewed)Financial Results: 7.Emphasisof Matter 6.The standalone financialresultsofBank forthe quarter and halfyear ended 30thSeptember,2025 werereviewed jointly byGupta Gupta&Associates, JCR &Co.LLPAndDharTiku&Co.,whereinthese firmshaveissued their unmodifiedconclusionvide theirreportdated 18thOctober, 2025. The standalone financialresultsforthe yearended31st March,2026 werejointly auditedbyus where wehave issued ourunmodified opinionvideourreport dated5thMay, 2026.The standalone financialresults ofBankfor theprevious quarter ended30thJune, 2026 werealsojointlyreviewed byus, where wehave issuedour unmodified conclusionvideour reportdated29thJuly, 2026. respect ofwhich alinkhas been provided inthe Statement,and havenotbeen reviewedbyus.
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...... q~ (CAVinaySaraf)'cY%redAccO\)~'1><;' Partner M.No.087262 Place:Srinagar Date:22/10/2026 UDIN:,2,boB2,.42.G,L~mc,N$lqLi (CARakeshKaushik) Partner M.No.089562 M/s]CR&Co.LLP CharteredAccountants FRN:105270W/W100846 (CAS.K. Partner M.No.532394 Place:Srinagar Date:22/10/2026 UDIN:':>''''oxe.:p:.vS9BS" Ufbyt (CAAkshayMagotra) Partner M.No.559146 M/sGuptaGupta&AssociatesLLP CharteredAccountants' FRN:00172~N500321 ~r;' Ourconclusionisnotmodifiedinrespectofthesematters. c)Note35,regardingthetransferof~263.63crorefromtheInvestment FluctuationReserve.(IFR)totheGeneralReserveduringtheyear,pursuantto theReserveBankofIndiaCircularRBI/2026-27/83DOR.MRG.REC.NO.71/00- 00-0001/2026-27datedMay18,2026,consequentuponthediscontinuation oftherequirementtomaintaintheInvestmentFluctuationReserve. •
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(., Place:Srinagar Dated: 22,,,1October, 2026 FOR DHARTIKU&co FORJC R&CO llP In termsof our report ofeven date annexed Place:Srinagar Dated:22"d October, 2026 (tIN CRORES ) As at As at As at 30.09.2026 31.03.2026 30.09.2025 (REVIEWED)(AUDITED)(REVIEWED) CAPITAL AND LIABILITIES Capital110.13 110.13110.13 Reserves and Surplus17,672.46 16,639.73 15,069.69 Deposits1,76,795.93 1,65,354.00 1,52,030.16 Borrowings5,381.003,431.00 2,382.31 Other Liabilities and Provisions3,713.58 3,659.135,277.77 TOTAL :-2,03,673.10 1,89,193.99 1,74,870.06 ASSETS Cash and Balancewith Reserve Bank ofIndia6,870.94 7,621.87 6,787.25 Balance with Banks&Money at Call&Short Notice898.66 203.93 325.83 Investments45,940.52 40,821.8644,501.71 Advances1,31,234.13 1,22,641.02 1,05,153.30 Fixed Assets2,516.16 2,532.49 2,186.79 Other Assets16,212.6915,372.82 15,915.18 TOTAL:-2,03,673.10 1,89,193.99 1,74,870.06 STANDALONE BALANCE SHEET AS AT 30TH SEPTEMBER, 2026 THE JAMMU&KASHMIR BANK LTD. CORPORATEHEADQUARTERS,M.A.ROAD,SRINAGAR CIN:L65110JK1938SGC000048 .....J&KBank ...~ro,~ ava·Catterjee anagingirector&CEO DIN: 07082989
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CA.VlnlllfSarll1 PdrtniH mHGUPTAStlAUM Chart~red neccuntan FHN:OOI.I6(jN .r> 100% Nil N,I Nil 4.49' Place Stlflilgilf. Dated.22""October2026 WI ~1;~;~II~=I:n c~?t~~/ (fInCrares) HALFYEARENDEDYEARENDED 30.09.202630.09.202531.03.2026 {REVIEWED){REVIEWED){AUDITED) 7,273.096,560.0913,145.20 5,49753 4.821 04 9.708,31 1.486421.49033 2.92162 2408353652.73 265.06213.3646254 528.92402.~9~9.85 7,802.016,961·'§_!ll.08~.0~ 4,273.66_J,66(),67___7.269..g 2.035.932.006.513,829.13 1.298.781.311,242.479.12 737.15 69527_.1,3~01 6,309.595.667.1611.098.55 1,492.42 1,295,4§1,986,50 156.384,16~~,62 113.6737.69 5.~2 1,336.041,_2_!l_1.30b~57.~~ 365.50312.35594.40 353593220874577 119'111.73)(15137) 970.54978.9~2,36:l,4_6 970.54 976.95__2_,363.411 110.13110.13110.13 1~11j1.10 11520.63 5940%5940%5940% 1657%1527%1655g/~ 1368%12.11%1354% 14.73%13,06%1444('/0 8.81'8,89" 21.46 8.81'8,89'2146 2.983403.58526 3,'124.84 666167959478513 2.23%332%250% 0.51%076%0.64% 098%117%178% 16.107.5113.956 24'15.045.86 o15017016 0.03 0.01002 1913%1861%2120% 1244%1406%16.78% 44.70.84,183 44,70.84.183 44.70.84,183 4060%49·601140.60% Nil NilNil NilNilNil Nil NilNil 65.40.98.28065.40.98.28065,40.98.280 100%100%'100% 5940%5940%5940% 4.49' Promoters and promoter group Shareholdlnq a)Pledged/Encumbered •NumberofShares •Percentage ofshares(asa%ofthelotalsharehcldinq01promoter aile! promotergroup) •Percenlage ofshares (asa%of the totalshare capital ofIhecompany) b)Non-encumbered -Number ofShares •Percentage ofshares (asa%of Ihe totalshareholdmq ofpromoter and promoter group) •Percentage of shares (as a%of Ihetotalshare capitalofthetotal share capitalof the compan_y_)__ 21 (TIERIRalio) (iii)EarningperShare (EPS)(Rs.) a)Basicand diluted EPSbefore Extraordinary items (netof laxexpense)for theperiod,fortheyear todale and for Ihe daleandtorthepreviousyear (•not annualized) b)BasicMeldiluted EPSafterExlraordinary Itemsfor Ihe period, fortheyeartodale and fortheprevious year(•notannuatlzed) (IV)NPARalio's a)AmcumofGross NPAs b) AmountofNet NPAs c)%ofGrossNPAsto Gross Advances d)%ofNet NPAstoNetAdvances (v) Return on Assets (Annuatized) (VI)Nelworth (VII)Outstandingredeemable preference shares (VIII)Capital redemption reservefOebenture redemptionreserve (IX)Debt-equity ratio (x)Total Debts10total assets (XI)Operalmg Margin (%) (OperatingProfilfTotat Income) (XII)NetProfitMarginL%)(NetProfit aHer taxlTolallncon.!.E!) 20Aggregate ofPublic ShareHolding (I)No ofShares (u) Percentage ofShare Hgtdln9_ 5940% 98.280 84.183 40,60% 0.17 001 18.07% 14.34% 585.26 79594 332% 076'4 '1.16% 95624 59.40% 15.27% 12.11% 13.06% 494.11 110.13 633.55 139.44 151.24 (1180) 494.11 622.62 (10,93) 3,96 .2025 EWED) ,291.82 ,390.92 76703 2449 109.38 153.76 ,44~8 .857.83 965.13 64814 _11§Jl9 822.96 -. HALFQUARTERENDED 30.09.2026 30.06.202630.09 (REVIEWED)(REVIEWED)(REVI 3,727.093.546.00 3 2.812-442.685.09 2 764.06 722.36 16.02 8.06 -134.57 130-49 314.90214.02 4041.99 3760.02__3 2.224.782,048.88,--1 1,028.071.007,86 647,62651.16 380-45356.70 3.252.853.056.74 2, ---789.14703.28 72.34 84.04 83.06 30.61- 716.80 619,24 170.44195,06 179.84173,75 _1~'!Ql--I1dLf-- 546.36 424.18 546.36 424.18 110.13110,13 - 59.40%59-40% 16.57%16.67% 13,88%13.91% 14.73%14,78% 4.96'3.85' 4.96'3.85' 2.983-403,088.943. 666.16 769.31 2.23%2.37% 0.51%060% 1.07%087% 16.107.51 15.577 38 13. 015 015 0.03 002 19.52%1870% 13,52%~% 44.70.84.18344.70,84.183 44.70. 40.60%40.60% NilNil NilNil Nil Nil 65.40.98.280 65.40.98,280 65.40. 100%100% 59.40%59.40% RevaluationReserves Analytical Ratios (I)Percentage ofShares heldbyGovlofJ&K (il) capuat Adequacy Ratio%(BASEL III) (CETI Ratio) Extraordinary. items (net of taxexenses}_ Not Profit (+}/Loss(-)for theperiod{13·14} Paid-upE_g~!y~9___pJ_~Face ValueRs.1,.e!(shar~ Reserves excluding RevaluationResetves 13 14 15 16 17 18 19 S.No.PARTICULARS 1InterestEarned(a+b+c+d ) a) tnterest/Drscovnt on Advances/Sills b)Income on Investments C)lnterestonBalancewithR.B.I.&Other InterBankFunds d) Olhers Other Income Total Income(1...2 )_ InterestEx_e_ell"'d"'e=-d_ Operating Expenses ('+11) LEmployees Cost IIOtherQee"allngEe"'el"'1S"'e=-s_ Total Expenditure( 4+5) (Excluding Provisions&Contin eneies) Oper~!!Nt ProfitbeforeProvisions and Contingencies ( 3-6 ) Provisions (atll!!"th~!.~) andContingencie_s__ -orwhich provlsl~n~forNPA(PrOll,forBad&O~~ulDebts) 10Exceptiollalltellls 11 Profit (+}/loss (-) from ordinaryactivities beforetax (7-8-10) 12 TaxExpenses -income TaxProvisions (Incl currenttax) -Defrered Tax.Asset/(Liabllllt}_ STANDALONEFINANCIALRESULTSFORTHEQUARTERAND YEARENDED30THSEPTEMBER,2026 ;."#..J&KBank THE JAMMU&KASHMIR BANK LTD. CORPORATE HEADQUARTERS,M.A.ROAD,SRINAGAR·190001 CIN:L65110JK1938SGC000048
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... Partner M.No.087262 UD'N:260g-"]1-1: CA.VinilV$araf 'C-=- ==----(~,'"\~\KU~ FORGUprAGUPTA&ASSOC'(\\'(3.&AssOCFORleR.COllP,;r\N:~fORD"ART'KU~(I LLP~y1c9~hartereuAccountants~.-,....I~~a!leredAc.co~0 !!W: 'RN'~'~J..!l'!'":\/1-1"OOOA'* !JrA/bVA~,.'l)',t).,Ita~'Oo."H23Ni! ~Vo*'/,~.'I"'I~'"~ p,,,,,,,,'VMaaotr~~R.k""K","<.if:1JACC~CASKShah(~1'.,..L"\-f(f MNo~!'9Idb'-?~Incr~PartnerredAC~ UD'N:l4srql\.j~~'1<'~:--cuD7~?,9S62_-MNosm94--=- 'ecC'J'::lbo'i,'q\>C)..UCS\")\)C.OL'-")c-IuO'",.l(;~~3q4o~X"2.:I/~"'" Place:Srlnagar-.....;::::::=::::::;;/Q::t,....,6....) Dated:22"<1October,2026- Place:Srinagar. Dated:22f'\dOctober,2026 1)Figurcsofthcpreviousperiodhavebecnre-yroupecllre·c!assifledwherevernecessary. 17,762.5915.179.6216,749.86 60,840.4956,925.3454.919.91 50.772.4632,655.7346.984.66 91.756.6185.094.3887.024.40 0.290.260.32 91,758.3285.094.1287,024.08 6.266.40 295.28~.21265.~ 2.03,673.10_____!,l4,670.0§__h89,193.99 8.133.232.355.972.928.78 49.319.3842.834.5546,069.25 1,28,363.671."4,497.541,23,446.10 3.682.352.80 1,26,359.991,14,495.191,23,443.30 74.231.85 0.33---- 1,85,890.511.59,690.24122,,4,44.13 1,008.71882.46 1,027.58935.93 2.273.312,255.32 0.050.05 2,273.262,255.27 27.2621.28 4336.864094.99 294.87334.97 4041.993760.02 86.4416.54 420.26388.05 479.03475.00 (0.18)(0.22) 479.21475.22 15.9910.22 (286.92)(27057) 716.60619.24 170.44195.06 546.36424.18 60,840.4958.386.38 50,772.4650.742.58 91,758.6189,482.04 0.290.30 91.756.3289,481.74 6.265.49 295.28221.20 2,03,673.101,98,837.66 8.133.236,139.24 49.319.3850,581.25 1.28.363.671,24,830.23 3.682.99 1.28,359.991,24,827.24 74.2338.07 1,85890.511,81,588.79 17,782.5917,248.89 96.97215.15 763.041,781.07 957.211.884.-'8 (0.46)(0.89) 957.671.885.07 45.5382.36 .(?7b'!!2l___l1.001·~ 1,1~1dQ1,m·6.§_ 312,35594.40 --__--- 104.98 808.31 954.03 (0.40) 1891.171,847.383,594.34 1,963.511,208.702.617.82 4,528.634,553.518.993.49 0.100.090.17 4.528.534,553.428.993.32 48.5447.89102.61 -_------- 6,431.85____7,657.4_11_.15.30~.~ 629.84__£§1_4Jl4_______l,_illn_ 7602.016962.6414,_11M,()1_ 31.03.2026 30.09,2025 (REV'EWED! 15,179.62 2,355.97 42.834.55 1.14.497.54 2.35 1,14,495.19 1.85 0.33 1,59,690.24 26.97 413.93 458.96 (0.23) 931.81 597.70 2,204.57 0.05 2,204.52 23.26 30.09.2026 5)CapitalEmployed 4)SegmentLiabilities i)TreasuryOperations ii)Corporate/WholesaleBanking iii)RetailBanking (a)DigUalBanking (IJ)OtherRetefBanking iv)OtherBankingBusiness ~Un-AllocatedBusiness Total:- _l~m!~~g~m~e~I1~'R~e~v~e~nu~e~~~~~~~~~~~3~1~1.~76~~~~~ 1__~N~e~t~'n~c~o~m~.~f~ro~'~l1~O<tp~e~ra~t~io~I1~S1~~~~~~~~1.~3!445.56~--~~~~~----~~~1_---~ 2)SegmentResults i)TreasuryOperations Ii)Corporate/WhOlesaleBanking iii)RetailBanking ta)DigitalBanking (b)OtherRetailBanking459.21954.43 Iv)OtherBankingBusiness22.5426.21 ~v~)U~'~l·~A~lto~c~a,,'e~d~B~u~si~l1~es~s~~.----~~~~!-----~~~.I-----~(2~8~8~.8~7L)I~"1~- _P_!ofit/(~fromOrdinary_Activities(§!f~!~T_~)1------~=".+----~==+--------"6"'33".5"'5'-1--_____11~Q4 Less;TaxExpenses/(credit)139.44365.50 Less:ExtraordinaJY.Profil/~")-\-'I-----------'---I--------_::_-f------------''-----_I_---------'-- ~~frofitl(LosSl~A~ft~e~r~T~ax~r----'--~~~r~~~r~4~9~4~.1~1_r9~7~0~.5~4__ 3)SegmentAssets i)TreasuryOperations ii)Corporate/WholesaleBanking iii)RetailBanking (a)DighalBanking (b)OtherRetailBanking iv)OtherBankingBusiness ~·AlIocatedBusiness Total:- (AUDITED! HALFYEARENDED QUARTERENDED STANDALONESEGMENTREPORTINGFORTHEQUARTERAND HALFYEARENDED30THSEPTEMBER,2026 ~,InCro!esL YEARENOED THEJAMMU&KASHMIRBANKLTD. CORPORATEHEADQUARTERS,M.A.ROAD,SRINAGAR·190001 CIN:L65110JK1938SGC000048 Intermsofourreportofevendateannexed ·..,~J&KBank
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Place:SrInagar Dated:22"dOctober,2026 Intermsofourreportofevendate'Ifo,A&~ .'._:=:---=_~~~:,;;.....;;.A&~ FOR.GUPTAGUPTA&ASSOC..\!.P&Assa',FORJCR&COllP(\Co~FQRDHAR~~Ko",\\KU~FORGUPTASHARMA~SSO~'TES0~ CharteredAccountants~~__~.Cfc2h~illeredACCOllntantst'~---·.",~~h~lleredAC.~C'~1)"arler~dACCOUlllant-::~ fIlNOO~~~~.fJ;0/'\~:lOS270W/W101U;~~~FRN:~,~,;~3~21J(,.~9*\\'RN:001'66NI§.OO~466N~ ~\"'I(g;.(r»;.-~c-:270WIfi~:w.r423N.!!:IJ./'_,A.<I,";' CA~V:;ot{.1~~V,,3(.!2~:",W1C0B46~,....m,»:/C1~I't.,,~#17 Partnerq,\~.RakeshKaush•0'.s~,.~,KShah~9O",t;:.CA.vlnavSaraferedACC~ M,No.559146Q>1:;__,_~'1Jartner~;~q;,Ace\)"PartnerredAcePartner- UDIN:"l.o.jt'lIY6(JIJ.,:\)M,No,089562""-..;;t\M,No,532394-==--M,No.087262 UDIN:'_bO~CI~(;)'U(9.')(~~UDIN:)-GC?/)·?A40'XE-X2.'I><7gSUDIN:').6081)..''2-cStLBMQIS-Iq~ For.!Ui'~~Board fliF:.:::~cto Place:Srinagar Dated:22''''October,2026 7,113,087,825,80 325.83203,93 7,621,87 6,787.25 7,769.60 898,66 6,870.94 TOTAL:(EI b)BalancewithBanks&MoneyatCall&ShortNotice a)Cashinhand&BalancewilhR,B.I CASHANDCASHEQUIVALENTSATTHEENDOFTHEYEAR E, 9,759,85 9,759.85 2,374,37 2,374,37 7,385.48 7,385.48 7,825.81 203.93 7,621,87 (499.93 (364,92) 1130.12 (263,18) (128,17 (236,75) (236,75) (130.12 (301.26 1202,96) (143,73 1143.83) (157.53 (59,13 (5699) (1,132,85 (2,078,89 130,89 763,11 3'12,35 395,76 (369.75 (1,766.54 (3,759.43 (3,202,66 526,65 (899.811 (3,098,09 (3,80916 (809,62) (18,422,12 (992,27 (8,706,79) 567,15 (3,141,37 (4.769,75 (639,07) 1,279.97 (5,58) 1,048,16 (0.54) 16,784.54 3,460,71 1,950,00 11,441,93 3,389,69 1,436,11 1,426.46 431,81 144,82 10,99 (0,36) 90.42 (0.46) (215,76) 263,18 128,17 (22.46) 2,30 (42,18 (3.85) 130,12 (4,68) (0,16) 189.32 (64,78) (176,36) (51.07) 11,15 87,33 (3197 47,55 5,92 37,69 113.67 128,06 63,92 73.77 1,291.302,957,87 1,336.04 594.40 312.35 365.50 978.952,363.47 970,54 7,113,087,825.80 7,769.60 9,759.85 9,759.85 7,825.80 (1,934.04) (2646.77 (56.21 (499.93) (364.92) (130.12) (301,26 (202.96 (56.99 (1,132,85 130.90 (~Incroresj (AUDITED) I IREVIEWED) IREVIEWED)I 31,03,2026 I 30.09.2025 30.09.2026I HALFYEARENDED TOTAL:(DI b)BalancewithBanks&MoneyatCall&ShortNotice a)Cashinhand&BalancewithR.B,I D,CASHANDCASHEQUIVALENTSATTHEBEGINNINGOFTHEYEAR(1stApril) TOTAL:(CI e)InterestpaidonBonds d)DividendPaid c)TierI&IIBonds b)SharePremium b)ShareApplicationMoney. a)ShareCapital/Reserve C,CASHFLOWFROMFINANCINGACTIVITIES: TOTAL:(B) b)InvestmentinSubsidiary/SponsoredInstitution a)FixedAssets B.CASHFLOWFROMINVESTINGACTIVITIES: TOTAL:(AI Less:Taxpaid Cashgeneratedfromoperation(i+ii+iiiI NetCashflowfromOperatingactivities(iii) Increase)/DecreaseinOtherAssets Increase)/DecreaseinAdvances I!lncrease)/DecreaseinInvestments IncreaseI(Decrease)inOtherliabilities&provisions IncreaseI(Decrease)inBorrowinqs Increase/(Decrease)inDeposits AdjustmentforchancesinOoeratinoAssets&Liabilities OperatingprofitbeforechangeinOperatingassets&liabilities(i1+(ii) TotalAdjustment(ii) Profitonsaleoffixedassets Interestaccruedondiscoutedinstruments InterestpaidonsubordinateBonds(FinancingActivities) Otherprovisions ProvisionforNon-Performinginveslment Depreciation/lrnpairmentoninvestment IncreaseInReservesonaccountoffairvaluationofinvestments ProvisiononStandardAssets ProvisionforNPA's Depreciationcharqes Adjustmentfor: Netprofitbeforetaxes(il Add:ProvisionforTaxes NetProfitafterTaxes A,CASHFLOWFROMOPERATINGACTIVITIES: ECASHANDCASHEQUIVALENTSATTHEENDOFTHEYEAR DCASHANDCASHEQUIVALENTSATTHEBEGINNINGOFTHEYEAR NETCHANGEINCASHANDCASHEQUIVALENTS CCASHFLOWFROMFINANCINGACTIVITIES BCASHFLOWFROMINVESTINGACTIVITIES ACASHFLOWFROMOPERATINGACTIVITIES YEARENDED STANDALONECASHFLOWSTATEMENTFORTHEHALFYEARENDED30thSEPTEMBER2026 I ...,'*'J&KBank
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3.WeconductedourreviewoftheStatementinaccordancewiththeStandardon ReviewEngagements(SRE)2410-"ReviewofInterimFinancialInformation performedbytheIndependentAuditoroftheEntity",issuedbytheInstitute ofCharteredAccountantsofIndia.ThisStandardrequiresthatweplanand -----.. 2.ThisStatement,whichistheresponsibilityoftheParent'sManagementand approvedbytheParent'sBoardofDirectors,hasbeenpreparedinaccordance withtherecognitionandmeasurementprincipleslaiddowninAccounting Standard25"InterimFinancialReporting"("AS25"),prescribedunderSection 133oftheCompaniesAct,2013,therelevantprovisionsoftheBanking RegulationAct,1949,thecirculars,guidehnesanddirectionsissuedbythe ReserveBankofIndia(RBI)fromtimetotime("RBIguidelines")andother accountingprinciplesgenerallyacceptedinIndia;andisincompliancewith thepresentationanddisclosurerequirementsofRegulation33andRegulation 52readwithRegulation63(2)oftheListingRegulations,2015,includingthe relevantcircularsissuedbySEB!fromtimetotime.Ourresponsibilityisto issueareportontheStatementbasedonourreview. 1.WehavereviewedtheaccompanyingstatementofUnauditedConsolidated FinancialResults(lithestatement")ofJammu&KashmirBankLimited(lithe Bank"/"theparent")anditssubsidiary(theparentanditssubsidiarytogether referredtoaslitheGroup")anditsshareofthenetprofitaftertaxofits associateforthequarterandhalfyearendedSeptember30,2026being submittedbytheParentpursuanttotherequirementofRegulation33and Regulation52readwithRegulation63(2)oftheSEBI(ListingObligationsand DisclosureRequirements)Regulations,2015,asamended(litheListing Regulations2015")exceptforthedisclosuresrelatingtoPillar3disclosureas atSeptember30,2026,includingleverageratio,Iiqutditycoverageratioand netstablefundingratiounderBaselIIICapitalRegulationsashavebeen disclosedontheBank'swebsiteandinrespectofwhichalinkhasbeen providedintheStatementandhavenotbeenreviewedbyus. IndependentAuditors'LimitedReviewReportontheUnauditedConsolidated FinancialResultsforthequarter/halfyearended30thSeptember2026ofJammu &KashmirBankLimitedpursuanttoRegulation33&Regulation52readwith Regulation63(2)oftheSEBI(ListingObligationsandDisclosureRequirements) Regulations,2015,asamended. To TheBoardofDirectorsof Jammu&KashmirBankLimited GuptaGupta&AssociatesLLPJCR&Co.LLP CharteredAccountantsCharteredAccountants 142/3TrikutaNagar,2ndFloor,CornerBuilding, Jarnmu-180012OppositeHopeMedicate,ZiyaratBatamaloo, Srinagar-190009 DharTiku&Co.GuptaSharma&Associates CharteredAccountantsCharteredAccountants 2ndFloor,TheMall,SDAComplex,GroundFloor,142Sector3, CourtRoad,LalChowkTrikutaNagar, Srinagar-190001Jammu-180012
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6.Basedonourreviewandproceduresperformedasstatedinparagraphs3&4 aboveandbasedontheconsiderationofthereportsasstatedinparagraph9 below,nothinghascometoourattentionthatcausesustobelievethatthe accompanyingStatement,preparedinaccordancewiththerecognitionand measurementprincipleslaiddownintheaforesaidAccountingStandard,RBI GuidelinesandotheraccountingprinciplesgenerallyacceptedinIndia,hasnot disclosedtheinformationrequiredtobedisclosedintermsofRegulation33 &Regulation52readwithRegulation63(2)oftheListingRegulations, 2015,includingthemannerinwhichitistobedisclosed,orthatitcontains anymaterialmisstatement,orthatithasnotbeenpreparedinaccordancewith therelevantprudentialnormsissuedbytheRBIinrespectofIncome Recognition,AssetClassification,Provisioningandotherrelatedmatters, exceptforthedisclosuresrelatingtoconsolidatedPillar3asat30th September,2026,includingLeverageRatio,LiquidityCoverageRatioandNet StableFundingRatiounderBaselIIICapitalRegulations,whichhavebeen disclosedontheBank'swebsiteandinrespectofwhichalinkhasbeen provi.eStatement,andhavenotbeenreviewedbyus. :»~\~S0°%~ (j,<9<),'"\IKU I!l~~~ci; -G~'1'~~°0 *~Q 9",#~fRM:OOc: "'eredAceo'S~~ ~&r9dACcP.'S s.No.NameoftheEntityRelationshipwithBank 1JKBFinancialServicesLimitedSubsidiary 2Jammu&KashmirGrameenBankAssociate 5.TheStatementincludestheresultsofthefollowingentities: IntheconductofourReview,wehavereliedonthereviewreportsinrespect ofnon-performingassetsreceivedfromconcurrentauditorsof277branches. Thesereviewreportscover77.03%oftheadvancesportfoliooftheBank (excludingtheadvancesofoutstandingfoodcredit)including54.09% advances,whichhavebeencoveredbyus.Apartfromthesereviewreports,in theconductofourreview,wehavealsorelieduponvariousinformationand returnsreceivedfrom611unreviewedbranchesincluding8ImpairedAssets RecoveryBrancheslotherofficesofthebankandgeneratedthroughthe CentraliseddatabaseattheBank'sHeadoffice.Thereturnsreceivedfromthe Branchescover22.97%oftheadvancesportfoliooftheBank. 4.ThefinancialresultsoftheParentincorporatetherelevantreturnsof132 branchesincluding4ImpairedAssetsRecoveryBranches,treasuryoperations, creditcarddivisionandvariousreturnsofcorporateofficedepartments reviewedbyus. WealsoperformedproceduresinaccordancewiththecircularsissuedbySEBI underRegulation33(8)oftheListingRegulations2015,totheextent applicable. performthereviewtoobtainmoderateassuranceastowhetherthefinancial statementsarefreeofmaterialmisstatement.AreviewofInterimfinancial informationconsistsofmakingenquiries,primarilyofpersonsresponsiblefor financialandaccountingmatters,andapplyinganalyticalandotherreview procedures.Areviewissubstantiallylessinscopethananauditconductedin accordancewithStandardsonAuditingandconsequentlydoesnotenableus toobtainassurancethatwewouldbecomeawareofallsignificantmattersthat mightbeidentifiedinanaudit.Accordingly,wedonotexpressanaudit opinion. ..
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9. Ourconclusion isnotmodifiedinrespect ofthesematters. b) NoteNo.34,regardingunlistedequity investments classified underthe Fair Valuethrough Profit andLoss(FVTPL)category. TheBankhas valuedthese investmentsatbreak-upvalueintermsoftheReserveBank ofIndia (CommercialBanks-Classification,Valuationand Operation ofInvestment Portfolio)Directions, 2025. Appreciation of~68.20 crore (~51.04crorenet of tax) relatingto theperiod upto March31,2024hasbeen crediteddirectlyto RevenueReserves, andappreciationof ~28.88 crorerelatingtothefinancial years 2024-25and2025-26hasbeen includedinOtherIncomeforthequarter andhalf-yearendedSeptember30,2026asprior perioditemsintermsofAS 5. c)Note35,regardingthetransfer of~263.63crore fromtheInvestment Fluctuation Reserve(IFR)totheGeneral Reserveduringthe year, pursuantto theReserveBank ofIndia CircularRBl/2026-27/83DOR.MRG.REC.NO.71/00- 00-0001/2026-27datedMay18,2026,consequentupon thediscontinuation oftherequirementtomaintaintheInvestmentFluctuationReserve. Wedrawattentiontothe following NotestotheStandalone&Consolidated (Reviewed) Financial Results: a)Note18,regarding the changeintheBank'saccountingpolicy,effective April1, 2026, for recognitionofexpenditureandincomerelatingto thepurchaseand saleofPriority SectorLendingCertificates (PSLCs).Pursuantto therevised accountingpolicy,suchexpenditureand income are recognised onasystematic basisover thevalidityperiodof therespectivePSLCsinsteadofbeingrecognised infullinthequarterin whichthetransactionsareundertaken.The changehas resulted inanincreaseof~37.53 croreintheBank'sProfitafter Taxforthehalf year endedSeptember30,2026. 8.EmphasisofMatter 7.TheconsolidatedfinancialresultsofBank forthequarterandhalfyearended 30th September,2025 werejointly reviewedbyGuptaGupta&Associates,lCR &Co. LLPandGhar Tiku&Co.,wherein thesefirmshaveissuedtheir unmodifiedconclusionvidetheirreportdated18th October,2025.The consolidatedfinancialresultsfor the yearended31stMarch,2026werejointly auditedbyus where wehaveissued our unmodified opinionvideour report dated5thMay,2026. The consolidatedfinancialresultsof Bank forthe previousquarterended30thJune,2026werealso jointly reviewedbyus, where wehaveissuedour unmodifiedconclusionvideourreport dated29th July,2026 ..
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M/sGuptaSharma&Associates. CharteredAccountats FRN:001466N M/sJCR&Co.LLP CharteredAccountants FRN:I05270W/WI00846 ~~ Partner M.No.089562 Place:Srinagar Date:22/10/2026 UDIN:2.~oQ.~Sb2.~('lL""o~4?b~ ( 4 Partner M.No.532394 Place:Srinagar Date:22/10/2026 UDIN: (CAS.K. M/sDharTiku&Co. CharteredAccountants FRN:003423N ~ Place:Srinagar Date:22/10/2026. UDIN:bI10K~IQz..1CS~s,O M/sGupta.Gupta&AssociatesLLP CharteredAccountants FRN:00172~N500321 ~) (CAAkshayMagotra) Partner M.No.559146 Omconclusionisnotmodifiedinrespectoftheabovematter. croreand~2.08croreforthequarterandhalfyearendedSeptember30,2026 respectively,asconsideredintheUnauditedConsolidatedFinancialResults. TheUnauditedConsolidatedFinancialResultsalsoincludetheGroup'sshare ofnetprofitof~5.39croreforthequarterendedSeptember30,2026andnet profitof~8.88croreforthehalfyearendedSeptember30,2026asconsidered intheUnauditedConsolidatedFinancialResults,inrespectofassociate,whose interimfinancialinformationhasnotbeenreviewedbyus.Theseinterim financialinformationhavebeenreviewedbyotherauditorswhosereports havebeenfurrushedtousbythemanagementandourconclusiononthe Statement,insofarasitrelatestotheamountsanddisclosuresincludedin respectofthesubsidiaryandassociate,isbasedsolelyonthereportsofthe otherauditorsandtheproceduresperformedbyusasstatedinparagraph3 above. •
Page 14
Place:Srinagar Dated:22'"October,2026 Intermsofourreportofevendateannexed Place:Srinagar Dated:22""October,2026 TOTAL:- ASSETS CashandBalancewithReserveBankofIndia BalancewithBanks&MoneyatCall&ShortNotice Investments Advances FixedAssets OtherAssets CAPITALANDLIABILITIES Capital ReservesandSurplus Deposits Borrowings OtherLiabilitiesandProvisions CONSOLIDATEDBALANCESHEETASAT30THSEPTEMBER,2026 THEJAMMU&KASHMIRBANKLTD. CORPORATEHEADQUARTERS,M.AROAD,SRINAGAR CIN:L65110JK1938SGC000048 atterjee Managingirector&CEQ DIN:07082989 (~INCRORES) AsatAsatAsat 30.09.202631.03.202630.09.2025 (REVIEWED)(AUDITED)(REVIEWED) 110.13110.13110.13 17,433.3416,389.6514,825.94 1,76,775.871,65,342.451,52,016.91 5,381.003,431.002,382.31 3,726.463,686.525,291.26 2,03,426.801,88,959.751,74,626.55 6,870.947,621.876,787.25 922.30233.37344.06 45,647.9040,520.3644,208.67 1,31,202.491,22,632.611,05,142.20 2,516.572,532.962,187.33 16,266.6015,418.5815,957.04 2,03,426.801,88,959.751,74,626.55 THEBOARD TOTAL:-
Page 15
'ORGUPTASIS"'-="CharltlredAcc:.. fRN:00ltl66~ ~I) CA.Vi"llVS", Parlll!!r M,NO.OS1:261'YoV UUIN)..&,'ilI,;~y..423p Place:Srinagar. Dated:22"'October,2026 ..,49'890'2142 869' 890'21.42 eas: 4.49' ___J!....!.!!....Cr()res_~~_ HALFYEARENDEDYEARENDED --~---------~ 30.09.202530.09.202630.09.202531.03.2026 - (REVIEWED)(r~EVIEWED)(REVIEWED)(AUDITED) 3,293.007,276.266,562.4613,150,73 2,390.925,497.534,821.049.708.31 767.03'),466.421,490.332,921.62 24.2423.5734.9251.71 110.81268.74216.16-~9 156.13535.76407.829~~~ 3449.137,812.02t---___!,970.27____!~:!.18 1857.634273.283660.277,268.62 967.752,043.492,011.803,840.57 649.901.303.651,3t4.912.466.83 317.65739.84_696.89__1353,74 2,825.386,316.775,672.0711,109.19 ----~~~~-- 623.75___1,lli1§..1J~2,992.19 1:!.Q,lli156.36...u&.._~1 3.96113.67-..lIM_~--~ --~- 634.681338.871,294.04~__~_2,963,58 139.77366.25313.13596.00 151.55354.38322.84747.35 ~11.87(li1_)-1~5) 494.91972.62~_____9~Q_,~1.blliA~ - 494.91972.62980.91___~~7.58 0.018.88(1.4~)-~-(~,Q71 -~~--- 494.92981.50979.45--2,3~.~1 110.13110,13110·H--l1Q,13 ~-141869.02 --__.J.,gQ_,§3 59.40%59.40%59'10%59.40% 15.27%16.44%1527%16,4'1% 12.10%13.74%1210%13.38% 13.05%14.59%13.05%14.28°/... IIItermsofourreportofevendateannexed(lCo •.;:::.::::-~L~•~ FOilGUPTAGUPTA&ASSOCI~e&.AssoC)"FORJCR&COllP(JIr.)FRN''(,.<, Chartel'edA.ccoulltal~r»\(~"'C;>~~~CharlerlldACCOllntilntsfJ*J. FRN:OOJ128N/NS<lO<I'liJv~~FRN:105270W/W1OO846'.l...'105270\\1I<J) r~..\'4~§1r:A/~;V100SL\St: .::\1,...1(IJ<C)V,.'r~:r/~~ CAAIIM./1*'"CA.R.k"hK.",hlk~<'i?J"Cl'\)' 1'~I;II<J;~lOVOBotraqf~~Partnert;T)!\CC M.No.559146cY..___-i'$:-iJ:JM.No.089562..:.;.:.....::: IJDtN:2<'55'l1l-/6I(1jd.8~IInIN:~bOeqr6:l-(ilNL'YOI":4.%~ ....._____ QUAfHERENDED 30.09.202630.06.2026 (REVIEWED)(I~EVIEWED) 3,728.783,547.48 2,612.432,685.10 764.06722.36 15.717.86 136.58132.16 318.28217.48 -1,047.063764.96 2224.582048.70 1,032.061,011.43 650.43653.22 381.63356.21 3,256.643,060.13 790.42704.83 72.3584.03 83.0630.61 718.07620.80 170.77195.48 180.19174.19 (9.42)21.29 547.30425.32 547.30425.32 5.403.48 552.70428.80 110.13110.13 59.40%59.40% 16.44%16.54% 13.74%13.75% 14.59%14.63% 502'3.89' 502'3.89' OtherIncome 1InterestEarned(a+b+c+d] a)Interest/D1scountonAdvances/Bills b)Income011mvestrnenrs c)InterestonBalancewithR.B.I.&OthertaterBankFunds d)Others S,No.PARTICULARS 6TotalExpenditure(4+5) (ExcludingProvisions&ContingenciesL_ 7OperatlnqProfitbeforeProvlsions.andContingenCies(3-6) 8Provisions(otherIhaillaX)andContil!.g"le"n"'c'-'ie"'.~~~~~---------,-="-t_--------==-t__-----, 9.OfwhicherovisiollsforNPA{ProvoForBad&DoubtfulOebts1I.--------""'''''-I--------'-'''''-'_1_---------'-'',,--f--------'-'-''-''''--1-- 10~ptiona'l!!!.!l!. ~_frofit(.!.)/Iossj-)fromordinary'activitiesbeforelax(7-8-1O)~_I_---------'-''''''''':+------___,'''''=_I--~-----'''''''''''+~-----''''-'''''''-'-II-- 12TaxExpenses -lucomeTaxProvisions(tncl.currenttax) -Dell.redTaxAss.tI(LlabilltY)~~~~~~__~~~~_I.~~~~-""=t__~~~_'_""'1-~~~-- 13NetProfit(,:!:I/Loss(:)fromordinaryactivitiesaftertaxJ.!.11!.:-.!.!12,,). __~~~~_I_--------"=::.:c.I---~--.:!."'=+-------,,=-,-+~~~---'==./_ _!4Extraordinary.itellHd!letoftaxexp.el1sest~__~~~~~I.~~~~---'--I--~~~~-'-+_~~~~-'---j~~~~~'--+_~~~~-'--_I--- 15NetProfit(+)/Loss.Hfortheperiod(-"13'--1-"4,,).~~~+~-----"'=-'-+--~~----'==-i------~=='+--~~---'-="'-I~~~~==_I 16ShareofProf1(J"ill:.9:h(:)",F"ro",m"A",s"s,-"o",cl",at",e_"C",o"n",ce..,_rn,c''_· --~------~----~~~-I-~~~~--"''''""1--~~~___;'"'''_I_~~~~-'''''4~~~~-''=+--~~~-j= 17SharoofMinority_--:--:--:~--~--------~~~+~~~--:c-c':-c-I.----~~--,--:__-I-~~~~-=---I-~~~~----:-I 16li~.!l'LQ!l!.J~:l/Loss{-)afterShareinAssociateS(1!!.1£J:,_~~~~~+-~~~-=='-+-~~~_:!=""-iI--~~~="""+~~~_"'="'+~~~--'''-!C= 18P~j!!:':I£E.g!illy.§.~I!!!.~.!.Jfi!£~_yalu!~~11-e~)'--~~~+_~~~_'_'='__'___~~--'=!.:!.J'_~~~-'-'-'",-,,_i_~~~--'-''''''''-L~~~---,= 19Reservesexcludingr~valuationreserve::; 20_RevaluationReserves 21AnalyticalRatios (i)PercentageofSharesheldbyGovl.ofJ&K (it)CapitalAdequacyR<'Ilio%(BASELIU) (CETIRatio) (TIER1Ratio) (IIi)EarningperShare(EPS)(Rs.) a)BasicanddilutedEPSbeforeExtraordinarylterus (netottaxexpense)101'theperiod,fortheyear10daleandforthe dateandformepreviousyear(•notannualized) b)BasicanddilutedEPSafterExtraordinaryItemslortheperiod. lortheyear10dateandforthecrevlousyear(•notannualized) 3TotalIncome(1'2)_~~~~~~__~~~~~~~~~~~~~I _4=-1~ln~tc~r~es~t~E~xp~,e~n~d~ed~~~~~~~~-_~__'~~~~~~~~~~I--~~_;~~~I_~~--~~~I----~~~~.I-~~~~~~I-- 5onerattncExpenses0+10 I.EmployeesCost II.OIMrOoeratlnqExpenses CONSOLIDATEDFINANCIALRESULTSFORTHEQUARTERANDHALFYEARI~----..,.------r-----I-- ENDED30THSEPTEMBER, 2026 THEJAMMU&KASHMIRBANKLTD. CORPORATEHEADQUARTERS,M.A.ROAD,SRINAGAR-190001 CIN:L6511OJK1938SGC000048 Place:$rinagar. Dated:22'"October,2026 f.,'"J&KBank
Page 16
MNo.089561 UD'N:UD~'6"2.«lIllI..:YO~4~{,3 Place:Srinagar. Dated:22"dOctober, 2026 Place:Srinagar. Dated:22""October,2026 30.09.202531.03.2026 (REVIEWED)(AUDITED) 1.847383.594 34 1.21108 2.623.39 4,558769.00426 0,090.17 4.55867 9,00'.09 47.89'102.61 7,666.1115j3f!.60 69'.84L.£2l1.L 6,970.2714.1101.38 96,97 215.16 765.391.786.31 961.261.69234 (046)(0.89) 961741.893.23 4653 62.35 (576.13) (!.012.6.!!J. '1,294.04~,~63.~ 313.13596.00 -- 980.912.367.58 (1.46) ~07) 979.45k359.51 56,6323054.61841 32,67410 47.01420 85.123,9587.06015 0260.32 85,123.6987,059.83 6.40 18980.1§~~9 ',74,626.66l,88l959.75 2.355.97 2,928,79 42.838.4446,077.65 1,H,494181.23,453.53 2,352.BO \.14,491.831,23.450.73 185 00. 1,59,690.481,72,459.97 14,936.0716,499.7! (fhiOrores] YEARENOED R ENDED 17~43.4 8,133.2 49.323.5 1,28.422.6 3.6 1.28,418.9 3.9 60,547.8 50,796.3 91.778.1 0.2 91.777.8 6.2 298.1 2,03,426.8 547.3 5.4 552.7 88. 421. 4816 (0. 481,8 15.9 @9.7 718.0 170.7 ~~4L_ 294 ~_Q_1L._ -r-- QUARTER ENDEDHALF YEA 30.06.2026 30.09.202530.09.2026 CREVIEWED,(REVIEWED)(REVIEWED' - 71882.46931.811.891,17 30 937.41598,90 1.966.71 652,258.782.206.92 4.535.43 050.05005 0.10 602,258.732.206.874,535.33 2621.2823.2648.54 924,099.933760.89!,441.85 86334,97311.76 529.63 O~___3.764.963449.127,812.02 4416.5426.97 104,98 70389.09 415.09810.79 6477.59 460.73959.25 18) (0.22)(0.23)(0,40) 4477.61460.96 959.65 9 10.2222542621 W_(272.64) (290.64_(562.3§) 7EQ·80634.681~.87 7195.48139.77366.25 0425.32494.9197~.~2 0 3.480.01 8.aa 0428.80494.92981.60 9 58.088.38 56.632.3060.547.89 0 50,771.4932.674.10 50.796.30 789,510.5085.123.9591.778.'17 90.30 0.26 0.29 869.510.2085,123.6991,777,88 65,496.406.26 8223.61189.80g~8.1~ 01~,~99.~174626.551t03,4~6.80 36,139.242.355.97 8,133,23 250.588.7142,836.4449,323,52 7 1,24.864.241.14,494.181,28,422.67 82.992.353.66 9 1.24,861.251.14.491.831,28,418,99 13.831.853.91 0.04 3181 596.03 159690.48185883.33 717 003.4414936.07 17 543.47 1.008. 1.029, 2,276. O. 2,276. 27 1,85,883.3 30.09.2026 (REVIEWED) 5) Capital Emilloyed IIFigures ctrbeP'e\'IOU5 periodhave beenre-grouplld/re-classlfied wherever necessa,y II) Corporate/WholesaleBanking Hi)Rohl!!Banking fa)DigitalBankmy (b)OthorRetailBlIl1klng lv) OtnerBankingBusiness II)uu-AnccetedBusII1..,e"'ss'--! T91ill:- PARTI~U",LA"R,.,S'__ 1) SEGMENT REVENUE(INCOME) i)Treasury Operallons Ii)COfpocatelWholesale Banking hi) RelH11Banking (a) Ol{liialBinkmg (b)OillerRetail Banking Iv)OlherBankingBusiness II)Un·Allocated Business Total Loss'InterScumell,!.,1R"o"'v,_,.e,..ru"'/C._-I-_ NetlucotnuIrcmQp.cr!ccIiO"""lS._-r-r 2)Sogment Results I) TreasuryOperations II)corporme/wnoreseteBanking iii)RetailSlIl1klng (a) Digital Bankmg Ib)Olhor RetailBankllltl Iv) OtherBankingBusiness v)Un·Allocated ausmess Profjl/(Loss)from OrdinaryActivities (Before Tax)_ LessTax ExpensesJ(credil) lessExtraordinary ProhtJ(b9~)__ NetProflt/(Lo!!)before share hlorofitJ(.!.illJ,-'o"""'A"'SS"o"'c"'ia,,'e"'s1 Addf(Less) Sh!!!6inProfd/(loss)of A"s"'soc""'la""e"'s_ ~IProfil/(Loss)AfterT"'ax'-_ 3) SegmentAssets i)'treasoryOperations Ii)Corporate/Wholesale88flk1llO iii)RetailBanking (a) DIgitalB8nklllg (b) OthefR(llall Baukmg I..,)OIlierBlulklng Business v) Un-Allocated Business Total:- 4)SOgl1101l1Liabilities I) TreasuryOperations CONSOLIDATEDSEGMENT REPORTING FOR THE QUARTERAND HALF YEARENDED30TH SEPTEMBER,2026 THEJAMMU&KASHMIR BANKLTD. CORPORATEHEADQUARTERS,M.A.ROAD,SRINAGAR·190001 CIN:L6511 OJK1938SGC000048 ~'<#..J&KBank
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~~ ..~----'.'.'l".f1.CO.,.'~'\\[<U~l::~I~ FORGUPTAGUPTA&ASSOC~ATsA~ORJCR&coLP(.~JJ.:;)fORDH~KI1co('IFO"GUPTASHARMA&A~'0'0 CharteredAcco"ntan~~\'Q.SSOQ'CharteredAccq{,rt~<J.tFRN:',_ellarler·iirt'"n~~0CharteredAccountants10 fANOOll~O~~,(i'0~~~FltNl05270tNIWIO"OW&270WI;;,I:R~~~\J,'I.'*\FHN:OOI466N.J'Yil .ifr-:_(\QM~,!:-'4...n*I,~~.lN,"../"'....~I(Nn1 ./0rr:I~?;;.>...'UV"I'..';(.~':ltJJ·~~~"-:>~.IW'" CAYgra/*V1(T)..!§JCA,Rakeshaush':Z<:i;')t;S~CA5Ks~0._;ICA.VinaySara!~ ~;f~~e~59146C~~Partner~iSJACe_....tPartner~rI,Partner(ilredAco~~ -~....."'-..,.;~ro//MNo089562.._..,.--_,MNo532394MNo.087262C UDIN:2~~S"gI4E..11:1.<»02.6CIiM·~"'N~VUDlN!.le/--?"....4C.1<UDIN':lCCI~1.)~2..)..Y~e.M'In"...'lI' PlaceSrlnagar~}\,,?,~UDIN\,;).""\.:,",1.4"3(.1"'''.:>-,~S.Q,I'I:I.$"'--- Dated22'"October,2026~ ,,'and'"b:Board pr&CEO 9 Place:Srinagar. Dated:22'"October,2026 Intermsofourreportofevendate 7,855.24 233.37 7,131.31 344.06 7,793.23 922.29 TOTAL:(E) b)BalancewithBanks&MoneyatCall&ShortNotice 7,621.87 6,787.25 6,870.94 a)Cashinhand&BalancewithR.B.I E.CASHANDCASHEQUIVALENTSATTHEENDOFTHEYEAR 9,783.15 9,783.15 7,865.24 TOTAL:(D) 2,397.67 2,397.67 233.37 b)BalancewithBanks&MoneyatCall&ShortNotice 7,385.48 7,385.48 7,621.87 a)Cashinhand&BalancewithR.B.I CASHANDCASHEQUIVALENTSATTHEBEGINNINGOFTHEYEAR(1stApril) D. (499.92) (263.18 (364.92 (128.17 (130.12) (130.12\ TOTAL:(C) e)InterestPaidonSubordinateDebt (23675 (236.75 d)DividendPaid c)TierI&IIBonds b)SharePremium b)ShareApplicationMoney a)ShareCapital/Reserve C.CASHFLOWFROMFINANCINGACTIVITIES: (301.30 (202.98 (57\ TOTAL:(B) (143.73 (157.57 (143.83 (59.15\ (5747 b)InvestmentinSubsidiary/SponsoredInstitution a)FixedAssets CASHFLOWFROMINVESTINGACTIVITIES: B. (1,126.65) (2,083.941 125.58 TOTAL:(A 765.44 313.13 397.43 Less:Taxpaid (361.20 (1,770.82 523.01 Cashgeneratedfromoperation(i+ii+iii) (3,546.25 (3,007.68 (915.70) NetCashflowfromOperatingactivities(iii) (3,106.12 (3,814.02 (816.82) Increase)/DecreaseinOtherAssets (18,428.62 (996.07 (8,683.55\ Increase)/DecreaseinAdvances 777.69 (2,939.28 (4,77863\ Increase)/Decreaseininvestments (627.80) 1,277.34 (20.11 Increase/(Decrease)inOtherliabilities&provisions 1,048.16 (0.54) 1,950.00 Increase/(Decrease)inBorrowings 16,790.43 3,464.88 11.433.41 Increase/(Decrease)inDeposits AdjustmentforchangesinOperatingAssets&Liabilities 3,185.04 1,236.86 1,438.71 OperatingprofitbeforechangeinOperatingassets&liabilities(i)+(ii) 229.54 (55.71) 90.96 TotalAdjustment(ii) (0.99) (0.36 Profit/Lossonsaleffixedasset 263.18 128.17 130.12 InterestpaidonsubordinateBonds(FinancincActivities) (215.76) Interestaccruedondiscoutedinstruments (22.46 2.30 (4.68 Otherprovisions (202.47 (200.63 AccmulatedlossesonaccountofJKGBduetoEDBMerger(EffectingdirectlyinReserves (4218 (3.85 (016) ProvisionforNon-Pertorminqinvestment 189.32 (64.78) Depreciation/Impairmentoninvestment (176.36 (51.07 11.15 IncreaseinReservesonaccountoffairvaluationofinvestments 87.33 (31.97) 47.55 ProvisiononStandardAssets 5.92 37.69 113.67 ProvisionforNPA's 128.25 64.02 73.85 Depreciationcharges Adjustmentfor: 2,955.50 1,292.57 1,347.75 Netprofitbeforetaxes(i) 596.00 313.13 366.25 Add:ProvisionforTaxes 2,359.50 979.45 981.50 NetProfitafterTaxes A.CASHFLOWFROMOPERATINGACTIVITIES: CASHANDCASHEQUIVALENTSATTHEENDOFTHEYEAR E7,855.24 9,783.15 7,131.31 9,783.15 7,793.23 7,855.24 CASHANDCASHEQUIVALENTSATTHEBEGINNINGOFTHEYEAR D (1,927.901 (2,651.84 (62.01 NETCHANGEINCASHANDCASHEQUIVALENTS (499.931 (364.92 (130.12) CASHFLOWFROMFINANCINGACTIVITIES C (301.30 (202.98 (57.46 CASHFLOWFROMINVESTINGACTIVITIES B (1,126.67) (2,083.94 125.57 CASHFLOWFROMOPERATINGACTIVITIES A (~InCrores) (AUDITED) (REVIEWED) I (REVIEWED) 31.03.2026 30.09.2025 I 30.09.2026 HALFYEARENDEDYEARENDED CONSOLIDATEDCASHFLOWSTATEMENTFORTHEHALFYEARENDED30THSEPTEMBER,2026 'i!.,"'"J&KBank
Page 18
7. These financial results have been prepared in accordance with the recognition and measurement principles laid down in Accounting St andard 25 "Interim F inancial Reporting", Accounting S tandard 21- "Accounting for Consolidated Financ ial Statements", Accounting Sta ndard 23- "Accounting f or investment in Associates in Consolidated Financial Statements" issued by the Institute of Chartered Accountants of India and prescribed under section 133 of the Companies Act, 2013, the relevant provisions of The Banking Regulation Act, 1949, the Circulars, Guidelines a nd Directions iss ued by the Reserve Bank of India from time to time and other Accounting Princ iples generally accepted in India, and are in compliance with the presentation and disclosure requirements of the Regulation 33 & Regulation 52 read with Regulation 63(2) of the SEBI(Listing Obligations And Disclosure Requirements) Regulations, 2015, asamended, i ncluding the relevant Circulars issued by SEBI from time to time. 6. Other income includes commission income from non-fund-based Banking activities, exchange and brokerage income, profit/loss o n sale of fixed assets, profit/loss (including revaluation) f rom investments, earn ings from foreign e xchange, recoveries from accounts previously written off, dividend i ncome, Bank charges, etc. The Provision for employe es' retirement benefit s viz. pension, gratuity and leave encashment has been made based on actuarial va luation. In addition, Bank maintains additional p rovisions @ 10% each in respect of NPA Balance Outstanding (BO S)in Sub-Standard category (bo th secured/unsecured) a nd Doubtful-1 and Doubtful-2 (secured po rtion o nly) over a nd above t he minimum p rovisions required a s per the current IRACP norms which a mounts to U06.01 cr ores (Previous Quarter U23.76 crores) Also, in case the advances covered b y any existing or future sc hemes/guarantees la unched b y CGTMSE, CRGFTLIHand NCGTCbecome non-performing, the bank makes provision towards the balan ce outstanding, irrespective of CGTMSE/CRGFTLIH/NCGTC cover, as per the rate of provisioning for other NPAs according to the asset class. The additional provision on account o f NPA covered by CGTMSE , CRGFTLlH, ECGCand NCGTC is ~97.76 crores (Previous Quarter U45.39 crores). Further, the Bank makes additional pr ovision o n standard assets which as on date September 30, 2026 am ounts to ~68.68 crores (Previous Quarter ~8 3.62 crores). 5. The financial results for t he quarter and half y ear ended September 3 0, 2026 have b een arrived after considering prov isions for No n-Performing A ssets ( NPA), Non- Performing In vestments (NPI), standard advances, restructured advances, exposures to e ntities with un hedged foreign currenc y exposure, taxes on income, deprec iation on fixed assets, a nd other u sual an d necessary pr-ovisions on the basis of prudential norms and e stimates and specific guidelines issued by Reserve Bank of India. S. No. Name o f the Entity R elation Proportion of Ownership 1. The Jammu & Kashmir Bank Ltd. Parent - 2. JKB F inancial Services Ltd. Subsidiary 100 % 3. Jammu & Kashmir G rameen Bank Associate 35% 4. The Consolidated f inancial statements of the 'Group' comprise the finan cial statements of- 3. The Bank has followed, in a ll material respects, t he sa me sig nificant accounting po licies in preparing t he interim f inancial results as were app lied in the p reparation of the ann ual financial statements for t he year ended March 31, 2026 e xcept for the change in ac counting po licy disclosed in Note 18 to the interim financia l results. 2. The above standalone and consolidated financial results have been subjected to Limit ed Review by the Statutory Central Auditors of the Bank who were ap pointed for the financial year 2025-26 by the Office of t he Comptroller & Auditor Ge neral of India and are in compliance with SEBI (Listing Obligations and Disclosure Requirement) Regulations 2 015. 1. The a bove S tandalone a nd Consolidated f inancial results have bee n reviewed b y the Au dit Committee o f t he Board in the meeting he ld on 21-10-2026 a nd approved by t he Board of Directors on 22-10-2026. "NOTES TO THE STANDALONE & CONSOLIDATED (REVIEWED) FINANCIAL RESULTSFOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30,2026" ....,IftJ&K B ank
Page 19
"This amount has been recovered from the concerned employees. Number Number Amount (~) Cum Cumulative S. Nature of o f Amount (~) of ( 02) ulativ Amount (~) N Penalty instances (01) instances e o. (01) (02) I nsta nces 1. Penalty 02 U 6,602.74 06 ~38,650.00 08 ~55 ,252.74 imposed by RBI on Currency chests 2. Penalty 0 3 ~30,000.00 03 ~30,000.00 06 ~60,000.00 imposed by RBI on ATM Cash Outs Total 0 5 ~46,602.74 09 ~ 68,650.00 14 n,15,252. 7 4* 15. During t he quarter and half year ended September 30, 2026, the Reserve Bank of India a nd o ther Regulators have levied t he fol lowing penalties on the Bank: 14. During t he half year ended September 30,2026, the Bank reported 14 fraud cases to the Reserve Bank of India (RBI), including one reclassified fraud case. Further, the amount involved in one fraud case classified in 03 of F Y2024-25 was revised by n.B7 lakh. The aggregate amount in volved was U40.07 crore, against whi ch ~64.50 crore wa s recovered. The Bank has made 100% provision a mounting to n5.57 crore aga inst the net amount involved after re covery. 13. Pursuant t o the Accounting Standard-l0 (Revised 2016) on "P roperty, Plant & Equipment", a pplicable from 1st April 2017, depreciation of ~9.54 crores for the quarter ended September 30,2026 of the Financial Year 2026-27 (previous quarter as on 30.06.2026 i s ~9.44 crores) on the revalued portion of Fixed A ssets (being Premises & Land) h as been transferred from Revaluation Reserve to General/Revenue Reserve. 12. In accordance with provision u nder SEBI (LODR) Regulations, 2015 (as amended), for the p urpose of consolidated financial results of the quarter ended September 30,2026, mi nimum eighty percent of each of consolidated revenue, assets and profits have been subjected to "Limited Review". 11. Provision c overage ratio as on September 3 0, 2026 is 91.76 % (Previous Quarter 9 0.53%) without taking into account th e floating p rovision of U9 0.48 crores held by t he Bank a s on September 30, 2026 which is part of Tier-II Ca pital. 10. In terms of RBI Letter no. DBR.No.BP.15199/21.04.048/2016-17 dated J une 23, 2017 and Letter no. DBR.BP.1906/21.04.048/2017-18 da ted August 28, 2017 for the accounts admitted under the provisions of Insolvency & Bankruptcy Code (IBC),the Bank isholding a total provision of U26.31 crores against the balance outstanding of U26.31 crores as on September 30 , 2026 in respect of NPA Borrowal accounts reflected in the aforesaid circular. 9. Reserve Bank of India (Commercial B anks: Prudential Norms on Capital Adequacy) Directions, 2 025 (as updated) and Reserve Bank of India (Commercial Banks: Asset Liability Management) Directions, 2 025 read together w ith Reserve Bank of India (Commercial Banks: Presentation and Disclosures) Directions, 2025 (as updated) require the Bank to make applicable Pillar 3 disclosures i ncluding l everage ratio and liquidity coverage rat io under BASEL-IIIframework. Accordingly, t hese disclosures are being made available on the Bank's website i.e. https://ikb.bank.in. These disclosures have not been subjected to limited review. 8. Based on the available financial statements and declarations from its borrowers, the Bank has estimated the liability towards unhedged foreign currency exposure to their constituents in terms of RBI(Commercial Banks: Credit R isk Management) D irections, 2 025 (as updated) and holds a provision of ~23.12 c rores as on September 30, 2026. ~"J&KBank
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* Nil inrespect of NPAs r Amount Amount A mount of Additional P rovision of loan s of loans loans as on prov ision held as on impacted to b e 3 0.09.2026 req uired for Loans 30.09.2026 by RBI cla ssified out of ( b) cov ered und er RBI Circular a s NPA cla ssified as NPA Cir cular as on (a) (b) (c) 30. 09.2026 (e) (d) NIL* 20. In terms o f R BI Circular DOR.STR.REC.84/29.04.048/2025-26 dated 28th November, 2 025 Re serve Bank of India (Commercial B ank) - Re solution of Str essed As sets, Directions, 2025 t he details o f additional p rovisions for the Qua rter and Half year ended Sep tember 30 2 026 are detailed be low' DETAILSOFPRIORITYSECTORLENDINGCERTIFICATESPURCHASED/SOLDDURINGTHE HALFYEARENDED SEPTEMBER30, 2026 S.No. Type of PSLCs No. of Units (Unit of ~ 25 Lacs) FaceValue in ~crores PURCHASE l. Marginal & Small Farmers (S&MF) 12,000* 3,000.00 SALE NIL "tn Quarter ended 30ti•June 2026. 19. Disclosure under RBICircular FIDD.CO.Plan.BC.23/04.09.01/201S-16 dat ed April 7, 2016 and Reserve Bank of India (Commercial Banks-Financial Statements: Presentation and Disclosures) Directions, 2025(as updated) on Sale& Purchase of Priority Sector Lending Certificates (PSLCs) Accordingly, out of the PSLCcommission expen diture of nOO.30 crore incurred du ring the quarter ended June 3 0, 20 26, ~ 50.15 c rore ha s been charged to the Profit and L oss Account up to September 30, 2026, a nd the balan ce wi ll be amo rtised over th e remaining valid ity p eriod of the PSLCs. As a result o f this change, the profit after tax for th e half-year ended September 30 , 2026 is higher by 07.53 c rore (net o f tax at 25.168%). For the half-year ended September 30, 2025, the e ntire PSLC commission e xpenditure of ~66.53 crore had been charged t o the Prof it and L oss Account under the policy t hen in force. Under the earlier policy, the entire e xpenditure or income on PSLC transactions was recognised in the Profit and Loss Account in the quarter in which t he tra nsaction wa s executed. U nder the revised poli cy, such expenditure and in come ar e recognised on a systematic basis over the validity period of th e respective P SLCs, reflecting the per iod over which th e related benefits are consumed or earned. 18. With effect from Apri l 1, 2026, t he Bank ha s revised it s a ccounting po licy f or r ecognition o f expenditure a nd income on purchase a nd sale of Priority Sector L ending Certificates (PSLCs). The same policy h as been ad opted by it s associate, Jammu and K ashmir Grameen B ank. 17. In terms of Reserve Bank of India ( Commercial B anks - T ransfer and Distribution o f Credit Risk) Directions, 2025 (as updated), th e Bank has not participated in Inter Ba nk Participation Cer tificates (IBPC) during the half-year ended September 30,2026. No. of complaints No. of complaints No. of complaints No. of complaints pending at t he endpending at the beginning received dur ing th e redressed during Half of Half Year of FYof FY 2026-27 Half Year of FY 2026-27 Year of FY2026-27 2026-27 0 87 87 0 16. T he number of investor complaints during the half year ended September 30,2026 is as under: ...",,. J&K B ank
Page 21
Particulars Half Year of FY2026-27 Half Yearof FY2025-26 To other To Asset To otherToAsset To Permitted To Permitted transferees(all amounts in ~crore) Reconstruction transferees transferees Rec onstruction transferees (NARCL)Companies (NARCL) Companies (ARCs) (ARCs) Number of Accounts 0 X 0 0 X 1 Aggregate principal outstanding of loans 0 X 0 0 X 50.06 transferred Weighted average residual tenor of the 0 X 0 0 X 7 loans transferred Net book value of 0 X 0 0 X 0loans transferred (at the II) NPA Accounts transferred during t he period 01.04 2026 to 30.09.2026: The details of the Non-Performing As sets transferred during the period 01.04.2026 to 30.09.2026 are given below: Detailsofstressedloanstransferredduring theperiod 01.04.2026to30.09.2026in respectofloansclassifiedasSMAaretabulated hereunder: (all amounts in<crores) To Asset Reconstruction To permitted To other transferees Companies (ARCs) transferees Numberof accounts Aggregate p rincipal outstanding o f loans transferred Weighted a verage res idual tenor of the loans transferred Net book value of loanstransferred (at NIL N IL NIL the time of transfer) Aggregateconsideration Additional c onsideration r ealised in respect of accounts transferred in earlier years Detailsofstressedloansacquiredduringtheperiod01.04.2026to30.09.2026inrespectof loansclassifiedasSMAaretabulated hereunder: From SCBs, RRBs, (all amounts in<crores) Co-operative B anks, From ARCsAIFls, SFBs and NBFCs including Housing F inance Companies(HFCs) Aggregate principal outstanding of loans Aggregateconsideration paid NILWeightedaverageresidualtenor ofloansacquired 21. I) Details of l oans transferred/acquired for the quarter & half year ended Sep tember 30, 2026 in accordance with R eserve Bank of India (Commercial Banks-Transfer a nd Distribution of C redit Risk) Directions, 2025 (as updated) and Reserve Bank of India (Commercial Banks-Financial Statements: Presentation and Disclosures) Directions, 2025 (as updated). ""'''J&K Bank
Page 22
-- ttOnerehabilitatedAccountof~36.32Croresis100%providedfor separately.Further,Rehabilitationundert he packagehas beenprovidedwith 5%generalprovisionasapplicableto restructured advances. , Detailsof "REHABILITATIONPACKAGE-2025 FORBORROWERSHITBYDISTURBANCESINJ&KFORQ-2OFFY2026-27 (Numberof AccountsinActual,Amount in ~Crores) STANDARD NPA TOTAL PARTICULARS NUMBER BOS PROVISIONSNUMBERBOS PROVISIONSNUMBER BOS P ROVISIONSOFA/CS OFA/CS OFAles Rehabilitated Accountstt 10,490 1 ,272.75 62 .17 58 3.1 2 0.88 10,548 1,275.87 63.05 Additional Finance 1,732 92 .24 4.61 10 0.15 0 .04 1,742 9 239 4. 65 FITL 2,452 31.19 0.0 0 1 7 0.10 0.00 2,4 69 31.29 0.00 GrandTotal 14,674 1,396.18 66 .78 85 3.37 0 .92 1 4,759 1 ,399.55 67.70 26. Th e Bank has implemented aspecial Rehabilitation pa ckage on September 06,2025 which hascom pleted on or before December 31, 2025 in UT of J&K & January 31, 2026 in UT of Ladakh. The Rehabilitation package has been in line with Master Direction - Reserve Bank of India FIDD.CO.FSD.BC.No.10/05.10.001/2018-19 (Relief Measures by Banks in Areas Affected by Natural Calamities) Directions 2018 dated October 17 2018. S.No. Particulars Amount (Rs.in crores) 1. Depositswith NABARD (under RIDF&other schemes) 6,028.55 2. Deposits with SIDBI 4,909.J.6 25. Other Assets: The following items under the head 'Others' in Schedule 11- Other Assets exceed 1%of the total assets' S.No. E xpenditure category Am ount (Rs.in crores) 1. Card processing / transaction charges 1 04.05 24. During t he half year ended September 30, 2 026, the f ollowing expenditure incurred (und er the head Miscellaneous Expenditure) was more than 1%of the Total income: S.No. Income category Amount (Rs.in crores) 1. Income on Card Business 82.95 23. During the half year ended September 30, 2026, the following in come earned (under the head Miscellaneous Income) was more than 1%of the Total income: , Recovery Rating Band Book Value ason 30.09.2026 (Rs.in crores) r RR1 183.91 RR3 0.00 RR4 0.00 Unrated 0.33 Ratings not asslgned 0.00 Total 184.24 22. Distribution of the Security Receipts (SRs)held across the various categories of Recovery Ratings assigned to such SRsby the credit rating agencies as onSeptember 30 2026 ExcessProvisionamounting on saleof NPAsto SecuritizationCompany(SC)I ReconstructionCompany(RC)accounted for in the Profit & loss Account: Nil time oftransfer) Aggregate 0 X 0 0 X 30.61consideration Additional consideration realizedin respectof 0 X 0 0 X 0 Accountstransferred in earlieryears ~"J&KB ank
Page 23
Amount in ,{Crores Type of Exposure to accounts Of (A), Of (A) Of (A) Exposureto accounts borrower classifiedas Standard aggregate amou nt amount paid classifiedasstandard consequent to deb t t hat written off b y the co nsequent to implementation of slipped into during t he bo rrowers implementation o f resolution plan - NPA during half-year d uring the re solution p lan - Positionasatthe end the half-year ended half ye ar Po sitionasatthe end of the previous half- ended September ended of this half-year i,e, year l.e March 31, September 30,2026 September September30,2026 2026 (A) 30,2026 30 ,2026(11) 30, Details of resolution p lan implemented under the Resolution Framework for (OVID 19 related stress as per RBI Circular dated August 06, 2020 (Resolution Framework 1.0) and May 05,2021 (Resolution Framework 2.0) and to be disclosed as per RBI(Commercial Banks- Financial Statements: P resentation and Disclosure) Directions, 2025 - asat September 30,2026 are given below: 29, Pension amounting t o '{863,01 Crore disbursed to retired employees of UT of Jammu & Kashmir in September 2026, stands recovered on October 1, 2026, , , Number Total outstanding 51.NO. Item Description of ('{in c rores)accounts 1 Projects under implementation accounts at the beginning of the quarter. 3 8 1,439.68 - 2 P rojects under implementation accounts s anctioned du ring the quarter. 24 246.72 3 Projects under implementation accounts where DCCO has been achieved during the 4 179.30quarter. 4 Projects under implementation a ccounts at the end of the quarter. (1+2-3) 58 1,507.10 5 Out of '4' - accounts in respect o f which resolution p rocess involving ex tension in 6 14.10original/extended D CCO, as the case may be, has been invoked, 5.1 Out of '5'- accounts in respect of which R esolution plan has been implemented, 5 10,29 5,2 Out of '5'- accounts in respect o f which Resolution plan Is under implementation, 1 3,8J. 5.3 Out of '5'- accounts In respect of which R esolution p lan has failed, NIL NIL Out of '5', accounts in respect of which resolution process involving e xtension i n 6 original/extended DCCO,as the case may be, has been invoked due to change in scope NIL NIL and size of the project. 7 Out o f '5', account in respect of which cost overrun associated w ith extension in NIL NILoriginal/extended D CCO, as the case may be, was funded. 7.1 Out of '7', accounts where S BCFwas sanctioned during fi nancial closure and renewed NIL N ILcontinuously, 7,2 O ut of '7', accounts where 5 BCFwas not pre-sanctioned or renewed continuously, NIL N IL 8 Out of '4', accounts in respect of which resolution process not involving ex tension in NIL N IL original/extended DCCO, as the case may be, has been invoked. 8.1 Out of '8' - accounts In respect of which R esolution p lan has been implemented, NIL NIL 8.2 O ut of '8' - accounts in respect of which Resolution p lan is under implementation, NIL N IL 8.3 Out of '8' - accounts in respect of which Resolution plan has failed. NIL N IL As per the Reserve Bank of India (Commercial Banks - Financial Statements: P resentation and Disclosures) Directions 2025 (as updated) t he disclosure related to Project Finance isas under' 28. D isclosure related to Project Finance 27. The Bank has initiated the process of capturing the data relating to enterprises which have been providing goods and services to the entities, falling within the purview of Micro, Small and Medium Enterprises Development Act, 2006, in the accounting system. Pending the system augmentation, the disclosure in respect of the amount payable to such Micro and Small Enterprises as at September 30, 2026 has not been made in the financial statements. In the opinion of the management of Bank, the impact of interest, if any, that may be payable in accordance with provisions of the Act, is not expected to be material. ~"..J&K Bank
Page 24
* Includes payment of Varrable Pay paidin HY2026-27 for previous Year's. ** Provision made for the half-year on account of IT Expenditure to be paid to Sponsor Bank. Individual data entries have been rounded to the nearest second decimal place. Details of the counterparty Relationship of Details of other Value of the the counter T ype of related related party transaction Name PA N part y with the party transaction during reporting listed entity or its transaction period subsidiary JKBFinancial Interest Deposits(FDs&AAACH029M 100 %Subsidiary Paid/ Commission 039ServicesLtd Paid Saving) JKBFinancial InterestReceived/ Advances(LOC& ServicesLtd AAACJ1029M 100%Subsidiary Com mission SOD) 0.93 Received JKBFinancial Reimbursementof ServicesLtd AAACJ1029M 100 %Subsidiary Any other transactic Revenue 0.49 Expenditure JKBFinancial AAACJl029M 100%Subsidiary Anyo ther transactic Outstandingwith ServicesLtd subsidiary 001 Jammuand Keptint he shapeKashmir AAAAJ78 59H Associate Int erestPaid 76.93 GrameenBank of FixedDeposit Jammuand SecuredOverdraftKashmir AAAAJ7859H A ssociate Interestreceived Facility(SOD) 0.29 GrameenBank Jammuand I TSupport Kashmir AAAAJ 7859H A ssociate Anyother transactic services 0 .52** GrameenBank (Provision) Mr.Amitava ADGPC0424R MD& CEO Remuneration 0 .88·Chatterjee Mr.Baldev Paymentsof variabl Prakash AAQPP0237N ExM D&CEO paypertainingto 0.82' previousFYs Mr.Sudhir ABYPG7709D ExecutiveDirector Remune ration 0.83'Gupta Mr. Ketan ACWPJ7559H CFO Remuneration 0 .23KumarJoshi Mr. CompanyMohammad ALKPM5652R Remuneration 0.19 ShafiMir secretary Total 82.51 31. Details of Related Pally transactions for the half-year ended September 30, 2026 (01.04.LULb to 3U.UY.LOL6) ~ In Crores Personal 33.67 0.79 0 3.11 29.77Loans Corporate 61.92 0 0 20.51 41.4 1Persons* Of which MSMEs 6.99 0 0 0.73 6.26 Others 75.07 0.77 0 6.47 67.83 Total 170.66 1.56 0 30.09 139.01 * As defined in Section 3(7) of the Insolvency and Bankruptcy Code, 2016. # Amount paid by the borrowers during half year is net of additions due to upgradation of NPAaccounts to Standard Restructured category during the period. ~"J& K B ank
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36. Current tax expense and Deferred tax expense are determined in accordance with the provisions of Income Tax Act, 2025 and asper Accounting Standard (AS)22 - Accounting for Taxeson Income. 35. In accordance with the Reserve Bank of India Circular RBI/2026-27/83 DOR.MRG.REC.NO.71/00-00-0001/2026-27 dated May 18, 2026,the Bank hastransferred ~ 263.63 crores from the Investment Fluctuation Reserve (IFR)to the General Reserve. Consequent upon the issuance of the said circular, the requirement t o maintain the Investment Fluctuation Reserve hasbeen discontinued. The unrealised gain of ~96.89 crore (net of tax) on these investments has been deducted from Common Equity Tier 1 (CETl) capital and is not available for distribution asdividend. a. ~68.20 crore (~51.04 crore net of tax) relating to the period up to March 31, 2024, has been credited directly to Revenue Reserves in terms of the transition p rovisions of the RBIMaster Directions. b. ~28.88 crore relating to FY2024-25 and FY2025-26 has been included in Other Income (Profit on revaluation of investments), as Financial Statements do not provide a separate line item for prior period items. Excluding this amount, Other Income for the half-year would have been ~500.04 crore asagainst ~528.92 crore reported, and profit before tax would have been lower by ~28.88 crore; and c. n2.40 c rore relating to the current half-year has been included in Other Income. As a result, the carrying value of these investments has increased from ~89.32 crore (cost) as on April 1, 2026 to ~218.80 crore ason September 30,2026. The appreciation of U29.48 crore has been accounted for as under: 34. P rior Period Items - Valuation of Unlisted Equity Investments under FVTPL(AS5) Unlisted equity investments held under the Fair Value through Profit and Loss (FVTPL)category, which were required to be carried at fair value with effect from April 1, 2024, had been carried at historical cost. During the half-year ended September 30, 2026, the Bankhasvalued these investments at break-up value, based on the latest audited financial statements o f the investee companies, in terms of the Reserve Bankof India (Commercial B anks - Classification, Valuation and Operation of Investment Portfolio) Directions, 2025. The amounts relating to earlier periods have been treated asprior period items in terms of AS5, and figures of the previous periods have not been restated. 33. Reda::;sificClllulIuf Accrued Discount UII Dlscuuutcd lnsuumcuts In terms of the Reserve Bank of India (Commercial Banks- Classification, Valuation and Operation of Investment Portfolio) Directions, 2025, the carrying value of discounted instruments inclu des the discount accrued. The Bank was carrying Treasury Bills, Commercial Papers and Certificates of Deposit held under the AFSand FVTPL(including HFT) categories at acquisition co st under Schedule 8 - Investments a nd showing the accrued discount unde r Schedule 11 -Other Assets(Interest Accrued). Accordingly, the accrued discount of ~215.76 crore ason September 30, 2026, has been reclassified from Other Assets to Investments Schedule. The reclassification has no impact on the profit of the current or earlier periods. * Currently Co-Lending Ousinessis happening only under Guld loan Relalionship S.No. Particulars As on September 30, 2026 1. Number of CLApartner 01 for HLand 01 for Gold Loans.* 2. Quantum of CLA(~in crores) 16.39 3. Weighted average ROI 10.097% 4. S ervicing Fees 0.10% of the loan amount 5. Broad Sectors Go ld Loan and Housing Finance* 6. Performance of loan under CLA Sati sfactory 7. Details of Default LossGuarantee Not Provided by any partner 32. The following tables set forth, for the periods indicated, necessary details of CO-LendingArrangements (CLAs)on an aggregate basis as per Reserve Bank of India (Commercial B anks-Transfer and Distribution of Credit Risk) Directions, 2025. ~"J&KB ank
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91Page Place: Srinagar Date: 22-10-2026 Partner M.No. 532394 Partner M. No. 559146 (CAVinay Saraf) Partner M. No: 087262 &Mis Gupta S harma Associates Chartered Accountants FRN :001466N ---.=::::::::::, ..... Mis Dhar Tiku& Co.Mis JCR& Co. LLP Chartered Accountants FRN: 105270W/WlO0846 Mis Gupta Gupta & Associates LLP mitava Ch tterjee Managing Director & CEO DIN: 07082989 37. Figures of the previous period have been rearranged/regrouped/reclassifled, wherever necessary. ~"J&KBank
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PRESS RELEASE J&K Bank’s Q2 net profit rises 28.8% QoQ and 10.6% YoY to Rs 546 Cr Business grows 19.4% to Rs 3.10 lakh Cr , with decadal best asset quality metrics Srinagar, Oct 22: Supported by growth in earnings and further improvement in asset quality, J&K Bank today reported 28.8% rise quarter-on-quarter and 10.6% rise year- on-year in its net profit to Rs 546.36 Cr for the quarter (Q2) ended September 30, 2026, when compared with Rs 424.18 Cr and Rs 494.11 Cr recorded during Q1 FY 2026-27 and Q2 FY 2025-26 respectively. The Bank announced the financial results after its Board of Directors reviewed and approved the quarterly and half -yearly figures at a meeting held at the Bank’s corporate headquarters on 22nd October 2026. Operating Performance The Bank’s Net Interest Income (NII) rose 5% YoY during the quarter to Rs 1502 Cr. During the quarter, other income doubled to Rs 314.90 Cr YoY from Rs 153.76 Cr recorded in the corresponding quarter last year while also growing 47% sequentially. With controlled operating expenditure , witnessing just 1.5% YoY growth for the half - year, the o perating Profit for the half-year has also grown by over 15% YoY, being recorded at Rs.1,492 crores. The Cost -to-Income Ratio for the quarter has consequently witnessed substantial improvement, being recorded at 56.57% compared 60.79% for the corresponding quarter last year. The Bank’s Return on Assets during the quarter jumped 20 bps sequentially and has been recorded at 1.07%. Commenting on the financial performance, MD & CEO Amitava Chatterjee said, “The growth in net interest income, doubling of other income and over 26% YoY increase in operating profit for this quarter mark an encouraging strengthening of our earnings performance. The recovery in Return on Assets to above 1% further underlines the improvement over the June quarter.” “In Q1, we had emphasized building the business base and positioning the Bank for stronger earnings over time. This quarter’s operating performance represents progress in that direction. Our focus for the second half is on sustaining core income growth, strengthening recurring revenue streams and enhancing recoveries, while addressing funding costs through deeper deposit relationships. These priorities remain central to delivering our annual objectives and translating business expansion into sustainable profitability,” he added.
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Asset Quality With the Gross NPA ratio of the Bank declining substantially by 109 bps on a YoY basis to 2.23% and the Net NPA ratio also improving to 0.51% against 0.76% a year ago, the Bank has recorded decadal best asset quality metrics. The Bank’s Provision Coverage Ratio (PCR) has also recorded improvement in sequential terms and stood at 91.76% as on 30 th September 2026 against 90.53% as on 30 th June 2026, which is again a decadal best. On the improvement in asset quality, MD & CEO Amitava Chatterjee commented, “The continuing improvement in our GNPA ratio by 14 bps QoQ to 2.23% - the lowest level in a decade – along with an annualized Gross Slippage Ratio of just 0.4% for the half- year, reflect the cumulative impact of our continued focus on disciplined underwriting and proactive credit monitoring mechanism even as we continue to expand our loan book.” “We remain focused on sustaining this momentum through the second half, progressing towards our annual asset -quality objectives and building a resilient balance sheet that supports the Bank’s long-term growth aspirations”, he added. Business Growth Continuing its business growth momentum, the Bank’s total business increased by 19.38% year-on-year to Rs 3,10,347 Cr as on September 30, 2026. Gross advances grew by 23.72% to Rs 1,33,551 Cr from Rs 1,07,943 Cr recorded a year ago, while total deposits increased by 16.30% to Rs 1,76,796 Cr. Notably, on YTD basis, over 60% of the net incremental credit has been contributed by Retail, Agriculture, MSME (RAM) segment. The Bank’s Current Account and Savings Account (CASA) deposits also rose by 1.73% QoQ. And as a result, the Bank has been able to broadly maintain its CA SA Ratio at around 42%, being recorded at 41.97% as on September 30,2026. Connecting the performance with the Bank’s longer-term direction, MD & CEO Amitava Chatterjee said, “With nearly 20% year-on-year growth taking our total business to Rs 3.10 lakh crore, we continue to build towards our Vision 2030 business aspiration of Rs 5 lakh crore.” “Strengthening our deposit franchise, deepening relationships in Jammu and Kashmir and Ladakh, and selectively expanding across the country will remain central to this journey, supported by prudent lending and technology-led yet personalised customer service”, he added.
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Capital Adequacy The Bank remains well -capitalised to pursue quality lending opportunities while maintaining a prudent cushion against emerging risks with its Capital Adequacy Ratio (CRAR) at 16.57 % as on September 30, 2026, compared with 15.27% a year earlier. Summing up the results , MD & CEO Amitava Chatterjee said, “ "Driven by clear priorities and disciplined execution, we enter the second half with confidence that we will able to further improve upon this performance.” “Our endeavour is to translate this progress into sustained profitability and greater value for all stakeholders, while widening opportunities for the people and businesses we serve. This will guide us as we pursue our annual commitments and advance towards the larger institutional goals under Vision 2030”, he added.