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J&K Bank Q1 profit slips 13% as higher provisions hit earnings

Economic Times 53 min ago·29 Jul 2026, 4:00 pm

Jammu and Kashmir Bank reported a 12.6% decline in Q1 net profit to Rs 424 crore due to higher provisions despite improved asset quality. Advances and deposits grew strongly, while net interest margin narrowed, triggering a nearly 13% decline in the bank’s share price.

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J&K Bank Q1 profit slips 13% as higher provisions hit earnings