SECTOR
Jammu and Kashmir Bank reports 10% growth in total deposits in Q3FY25
Jan-06-2025

Jammu and Kashmir Bank’s total deposits stood at Rs 1,40,947.81 crore (provisional) as of December 31, 2024 (Q3FY25), posting a 9.65% rise in year-on-year (YoY) terms as against Rs 1,28,542.47 crore as of December 31, 2023 and on quarter-on-quarter (QoQ) basis, term deposits stood at Rs 1,37,918.27 crore as of September 30, 2024.

Its gross advances stood at Rs 99,134.05 crore (provisional) as of Q3FY25, posting a 5.98% rise in YoY terms against Rs 93,538.00 crore as of Q3FY24 and in QoQ basis stood at Rs 99,242.01 crore as of September 30, 2024.

CASA deposits grew 4.39% to Rs 67,888.01 crore (provisional) as of Q3FY25, as compared to Rs 65,035.00 crore in Q3FY24 on a yearly basis. On a quarterly basis, the CASA deposits stood at Rs 67,035.09 crore as of September 30, 2024. CASA Ratio stood at 48.17% as of December 31, 2024 versus 50.59% as of December 31, 2023.

Jammu & Kashmir Bank is engaged in the banking business. The company offers a range of products and services, such as loans, insurance, tax products/planning, savings and deposits, cards, mutual funds and non-resident banking.

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