Jammu & Kashmir Bank Ltd. · NSE:J&KBANK

Jammu & Kashmir Bank — The Jammu & Kashmir Bank — Q3 FY2025 Earnings Presentation

32 slides from Jammu & Kashmir Bank's earnings presentation, Jan 20, 2025

  1. Slide 1: Exchange filing cover letter for conference call presentation

    Jammu and Kashmir Bank Limited Corporate Headquarters T +91 (0)194 248 3775 W www.jkbank.com M A Road, Srinagar 190001 F +91 (0)194 248 1928 E board.sectt@jkbmail.com Kashmir, India CIN: L65110JK1938SGC000048 Board Secretariat Ref:-JKB/BS/F3652/2025/296 Date: 20th January, 2025 National Stock Exchan

  2. Slide 2: Investor Presentation for Quarter and Nine Months Ended December 31, 2024

    Investor Presentation for Quarter and Nine Months Ended December 31, 2024 1/20/2025 1

  3. Slide 3: Disclaimer

    Disclaimer The Jammu and Kashmir Bank has created this presentation exclusively for general informational reasons, disregarding any individual's informational demands, financial circumstances, or special goals. Except for the historical information contained herein, statements in this presentation t

  4. Slide 4: Jammu and Kashmir Bank Limited – Oldest Private Sector Bank in India

    Jammu and Kashmir Bank Limited – Oldest Private Sector Bank in India • Jammu and Kashmir Bank Limited, was incorporated on October 1, 1938 and today caters to a wide range of customers including retail, corporate, 244733 (₹ CRORE ) 236552 235923 241838 agricultural, and MSME. 226385 • Widespread Bra

  5. Slide 5: Journey of 8 Decades

    2021-2024 Journey of 8 Decades  Global CSR Excellence & Leadership Award  Top Banker Award for PMEG  Total Business crossed ₹ 2 lakh crore in Fiscal 2023 Listing on Stock 2000s  Lifetime record Annual Net Profit of Rs.1767 crores Exchanges  QIP of ₹ 750 crores completed in FY 2023-24  Licensed

  6. Slide 6: Interest Earnings and Advances Mix

    Interest Earnings and Advances Mix 3500 3,206 3,124 3.5% 2,910 2,994 3.7% 3000 2,881 3.4% Gross Advances Mix – December 31, 2024 3.0% 3.5% 21.7% 20.8% 20.4% 2500 19.6% 19.7% 31% 2000 69% 1500 Corporate Advances Retail Advances 76.3% 75.5% 74.8% 77.4% 76.9% 1000 Gross Advances Mix – September 30, 202

  7. Slide 7: Q3/9 M FY25 Performance

    Q3/9 M FY25 Performance Q3 Q2 Q3 9 months 9 months Particulars FY 2023-24 FY 2024-25 FY 2024-25 FY 2023-24 FY 2024-25 Net Interest Income 1,280.44 1,435.93 1,508.68 3,897.57 4,313.83 Other Income 182.34 296.08 242.32 600.92 732.50 Operating Expenses 912.24 945.02 1,002.89 2,885.43 2,916.56 Operating

  8. Slide 8: Q3 FY25 Performance at a Glance (YoY)

    Q3 FY25 Performance at a Glance (YoY) Profitability Growth Capital Adequacy Asset Quality NIM Deposits Tier I GNPA (%) (Annualized) ₹ 1,40,947 crores 12.71% 4.08% 4.04% Up 9.7% (was 11.74%) (was 4.84%) (was 3.83%) PAT Net Advances CET 1 NNPA (%) ₹ 531.5 crores ₹ 95,990 crores 11.67% 0.94 % Up 26.2%

  9. Slide 9: Q3 FY25 – Key Financial Ratios

    Jammu and Kashmir Bank Limited | Q3 FY25 – Key Financial Ratios Cost of Deposits (%) Cost of Funds (%) 4.95 4.83 4.91 4.87 4.82 4.78 4.71 4.66 4.80 4.76 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Yield on Advances (%) Yield on Investments (%) 9.78 9.75 6.78 6.74 6.83 6.68

  10. Slide 10: Q3 FY25 – Key Financial Ratios

    Jammu and Kashmir Bank Limited | Q3 FY25 – Key Financial Ratios Return on Assets - Annualized (%) Return on Average Networth - Annualized(%) 23.74 1.15 1.69 1.41 1.34 18.71 16.89 17.23 1.08 14.82 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Earnings Per Share - Annualized (R

  11. Slide 11: Key Strengths of the Bank

    Key Strengths of the Bank 1 Strong legacy, loyal customer base and an established brand with over 85 years of operations 2 Strong presence in fast growing region of J&K and increasing presence in other strategic regions 3 Healthy mix of retail in overall advances mix with focus on MSME and agricultu

  12. Slide 12: Strong presence in JKL Region and increasing presence across India

    Strong presence in JKL Region and increasing presence across India Branches in 874 J&K and Ladakh (JKL) Urban, 10.9%, 138 Branches outside JKL Semi Urban, Branch Distribution Rural, 16.3%, Network 1423 ATMs Metro, 54.5%, 18.4%, 22 States / UTs ROI, ROI, 10.4%, 27.5%, Gross Total Advances Deposits JK

  13. Slide 13: Fast improving digital presence

    Fast improving digital presence Credit Card Users Debit Card Users 125283 (In Lacs) 123425 47.39 120788 46.06 117847 44.17 113166 43.07 41.65 DEC-23 MAR-24 JUN-24 SEP-24 DEC-24 DEC-23 MAR-24 JUN-24 SEP-24 DEC-24 Internet Banking Users UPI Users (In Lacs) (In Lacs) 21.41 22.57 22.35 19.82 17.28 6.97

  14. Slide 14: Professionally managed Bank with experienced Senior Management and Board Of Directors

    Professionally managed Bank with experienced Senior Management and Board Of Directors MR. AMITAVA CHATTERJEE (MD & CEO ) MR. NABA KISHORE SAHOO •Illustrious career in banking spanning over more than three decades in diverse •Nearly 4 decades of experience and risen through the ranks geographical loc

  15. Slide 15: Key Strategies

    Key Strategies Focus on improving asset quality and maintaining NPA levels and avoiding slippages Emphasis on retail, agriculture and MSME segment Increase CASA Deposit Base and reduce cost of funds Continue our investments in technology to support our digital banking and reduce the cost Expand beyo

  16. Slide 16: Condensed Profit And Loss Account

    Condensed Profit And Loss Account Change Q3 Q2 Q3 Change YoY Change QoQ 9 Months 9 Months YoY FY 2023-2024 Particulars FY 2023-24 FY 2024-25 FY 2024-25 (%) (%) FY 2023-24 FY 2024-25 (%) Interest Earned 2,880.96 3,123.55 3,206.08 11.3% 2.6% 8,302.19 9,324.01 12.3% 11,212.37 Interest Expended 1,600.52

  17. Slide 17: Condensed Balance Sheet

    Condensed Balance Sheet Particulars Dec 31, 2023 Sep 30, 2024 Dec 31, 2024 Capital & Liabilities Capital 110.13 110.13 110.13 Reserves and Surplus 11,705.71 13,233.92 13,723.59 Deposits 1,28,542.47 1,37,918.27 1,40,947.14 Borrowings 2,886.08 2,884.46 2,383.92 Other Liabilities and Provisions 5,294.8

  18. Slide 18: Turnaround Story with Decadal High PCR and improvement in asset quality

    Turnaround Story with Decadal High PCR and improvement in asset quality Gross & Net NPA (%) Provision Coverage Ratio (%) 4.84 4.08 3.91 3.95 4.08 91.61 91.58 91.57 GNPA 90.54 NNPA 89.67 0.83 0.94 0.79 0.76 0.85 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 0.09 CREDIT COST (%

  19. Slide 19: Interest Expenditure and Operating Expenditure

    Interest Expenditure and Operating Expenditure 1,697 1,688 1003 969 945 912 4.4% 867 4.7% 30.1% 28.8% 1,625 30.4% 30.4% 1,604 1,601 44.2% 5.5% 4.7% 5.1% 95.6% 95.3% 71.2% 69.9% 69.6% 69.6% 94.5% 55.8% 94.9% 95.3% Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Other Interest Ex

  20. Slide 20: Key Ratios and Performance Indicators

    Key Ratios and Performance Indicators Particulars Q3 FY 2024 Q2 FY 2025 Q3 FY 2025 9 months FY 2024 9 months FY 2025 Profitability Net Interest Margin (%) - Annualized 3.83 3.90 4.04 3.97 3.93 Operating Profit (₹ crore) 550.54 786.99 748.11 1,613.06 2,129.77 Profit after Tax (₹ crore) 421.08 550.92

  21. Slide 21: Capital Adequacy Ratios

    Capital Adequacy Ratios Dec 31, 2023 Sep 30, 2024 Dec 31, 2024 Particulars Capital Adequacy Ratio Risk Weighted Assets 15.33 15.07 14.99 15.09 Credit Risk 80,159 86,458 85,733 14.18 Market Risk 1,165 113 88 Operational Risk 8,896 9,937 9,937 13.09 12.81 12.70 12.71 Total Risk Weighted Average 90,220

  22. Slide 22: Asset Quality | Categories of Advances

    Asset Quality | Categories of Advances December 31, 2023 December 31, 2024 Category Amount % of Gross Advances Amount % of Gross Advances Standard 89,012 95.16 95,092 95.92 Sub-Standard 498 0.53 503 0.51 Doubtful 3,160 3.38 2,659 2.68 Loss 868 0.93 879 0.89 Gross Advances 93,538 100.00 99,133 100.00

  23. Slide 23: Asset Quality | Movement of Gross NPAs

    Asset Quality | Movement of Gross NPAs 9 Months 9 Months Particulars Q3 FY 2024 Q2 FY 2025 Q3 FY 2025 FY 2024 FY 2025 Opening Balance 4,827 3,858 3,916 5,204 3,956 Additions during the period 278 256 322 787 751 Upgradations during the period 275 93 88 733 275 Write off (including TWO) 3 3 1 9 14 Co

  24. Slide 24: Sector-Wise Credit Deployment and NPA (As of December 31, 2024)

    Sector-Wise Credit Deployment and NPA (As of December 31, 2024) Sector Gross Advances Exposure (%) Gross NPA GNPA (%) Personal Finance 39,733.57 40.08% 335.24 0.84% Trade 11,335.48 11.43% 815.52 7.19% Financial Markets 10,005.37 10.09% 625.23 6.25% Agriculture 9,423.16 9.51% 424.02 4.50% Services 9,

  25. Slide 25: Gross Advances Mix Trend

    Gross Advances Mix Trend Personal Finance Trade & Services Manufacturing Financial Markets Agriculture Others 88,402 86,156 82,035 79,113 96,982 98,580 99,242 99,133 93,538 11.8% 10.7% 12.4% 12.1% 10.7% 9.7% 9.6% 9.8% 9.5% 9.1% 11.6% 11.1% 10.5% 10.1% 12.1% 9.2% 7.1% 7.1% 7.9% 7.8% 20.9% 21.2% 21.1%

  26. Slide 26: Consistently growing deposit base with best-in-class low-cost retail CASA

    Consistently growing deposit base with best-in-class low-cost retail CASA 1,37,918 1,40,947 1,28,542 1,34,775 1,32,573 49.5% 50.2% 51.4% 51.8% 49.4% 40.1% 39.5% 39.5% 38.7% 38.0% 10.5% 11.0% 10.3% 9.9% 10.2% Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Term Deposits 63507 66702 66592 70883 73060 Savings Depos

  27. Slide 27: Investments Profile

    Investments Profile 45000 40000 38,741 40,524 Duration of Investments (In years) 34,987 35000 33,066 31,576 30000 63.7% 63.5% 25000 3.44 3.29 69.7% 20000 83.1% 86.5% 3.23 15000 3.18 3.09 10000 34.3% 35.0% 5000 28.6% 13.4% 16.9% 0 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 HTM 27312 29070 23032 24617 25820 D

  28. Slide 28: Asset Quality | External Rating of Corporate Advances

    Asset Quality | External Rating of Corporate Advances (As on December 31, 2024) Rating No. of Borrowers Outstanding Amount Percentage (%) AAA 24 14,556 59.71 AA 15 2,844 11.66 A 14 1968 8.07 BBB 20 1472 6.04 BB & Below 165 2747 11.27 Unrated Borrowers (Due to be rated) 48 793 3.25 Total Eligible for

  29. Slide 29: Asset Quality | Restructuring of Advances

    Asset Quality | Restructuring of Advances (as on December 31, 2024) Standard NPA Total Sector BOS Provisions BOS Provisions BOS Provisions Services 194.88 10.70 188.22 148.36 383.10 159.06 Infrastructure 8.00 0.76 48.26 35.56 56.25 36.32 Manufacturing 206.33 12.81 264.93 208.37 471.26 221.19 Trade 3

  30. Slide 30: Awards and Accolades

    Awards and Accolades Second best award for SKOCH Gold Award for Best MSME Bank at MSME promoting Government Corporate Governance at 100th Banking Excellence Awards Schemes under ‘Private Bank’ SKOCH Summit (2023) category at MSME Banking Excellence Awards (2023) Award from HUDCO for Platinum Award u

  31. Slide 31: Shareholding Information

    Shareholding Information No. of Shares held as % to No. of Shares % to Change Shareholding Pattern as on Particulars on Capital held as on Capital YoY Dec 31, 2024 Dec 31, 2024 Dec 31, 2023 Promoters – Governments 65,40,98,280 59.40 - 2.35% 5.93% 65,40,98,280 59.40 3.77% of UTs of J&K and Ladakh 7.0

  32. Slide 32: Thank You

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