Jammu & Kashmir Bank Q1 net drops 11.5% to ₹429 crore
Jammu & Kashmir Bank reported an 11.5% decline in net profit to ₹428.80 crore for Q1 FY27, down from ₹484.53 crore in the same period last year. Total income rose to ₹3,765 crore, driven by a 2% increase in Net Interest Income to ₹1,497 crore. The bank's MD & CEO Amitava Chatterjee attributed the profit drop to high funding costs and slow deposit growth affecting margins.