Srinagar: Jammu and Kashmir Bank on Tuesday announced that it will soon issue a recruitment notification for the posts of associates and officers in Jammu and Kashmir and Ladakh, even as the bank reported record profitability and strong business growth during its 88th Annual General Meeting (AGM) of shareholders held at the Sher-i-Kashmir International Conference Centre (SKICC) here.
The announcement came from Managing Director and Chief Executive Officer (CEO) Amitava Chatterjee during a question-and-answer session with shareholders. Responding to a query on recruitment, Chatterjee said the bank would issue a notification within days for fresh appointments in Jammu and Kashmir and Ladakh.
The recruitment announcement assumes significance as it will be the first major hiring exercise by the bank in recent years and is expected to generate considerable interest among job aspirants across the two Union Territories.
The AGM, themed “Trust, Tradition and Transformation”, was chaired by Part-time Non-Executive Chairman S. Krishnan and attended by members of the board, senior management, shareholders and officials. Among those present were Financial Commissioner (Additional Chief Secretary) Shailendra Kumar, representing the Jammu and Kashmir government, the bank’s majority shareholder and promoter, and Commissioner and Secretary, Finance Department, Ladakh, Tsewang Tharchin.
Addressing shareholders, Chatterjee said the bank had delivered its fourth consecutive year of record profitability despite challenging circumstances.
He said the bank registered a net profit of Rs 2,363 crore during the financial year 2025-26, reflecting a year-on-year growth of 13.5 per cent. He added that the growth momentum had continued into the current financial year and that by June 2026 the bank had crossed the milestone of Rs 3 lakh crore in total business.
According to the MD and CEO, the achievement was significant because the bank had moved from Rs 2 lakh crore to Rs 3 lakh crore in total business within a relatively short period, demonstrating the expanding scale of its operations and customer base.
“These outcomes demonstrate that our progress is broad-based, with profitability, asset quality, efficiency and capital strength advancing together,” Chatterjee said, adding that the bank would continue to focus on the quality and sustainability of earnings rather than pursuing growth alone.
Highlighting the bank’s digital transformation efforts, he said investments in digital platforms, data analytics, cybersecurity and process automation were helping improve customer experience and operational efficiency.
Chatterjee said digital transactions recorded growth of up to 94 per cent during 2025-26, which, according to him, reflected increasing customer confidence in the bank’s digital ecosystem.
Outlining the bank’s future strategy, he said the institution aimed to become the “Bank of Choice” by continuing investments in technology, human resources, cybersecurity, customer service and innovation.
In his address, Chairman S. Krishnan said the bank’s progress should be measured not only by its size but also by the contribution it makes to the economic and social transformation of the region.
He said the institution had historically played a key role in providing access to organised finance and now had an opportunity to support a new generation of entrepreneurs and businesses.
Referring to Mission YUVA, Krishnan said the bank’s participation in the initiative was significant as it aligned with efforts to promote entrepreneurship and economic activity among youth.
The chairman also stressed the importance of technology-driven banking, saying digital expansion should ultimately make banking services simpler, safer and more accessible for customers.
He credited the management team led by Chatterjee and the bank’s employees for the institution’s recent performance and ongoing transformation initiatives.
During the AGM, shareholders considered the statutory business placed before the meeting, including the auditor’s report, comments of the Comptroller and Auditor General (CAG) and the secretarial audit report.
Deputy General Manager and Company Secretary Mohammad Shafi Mir informed shareholders that the results of e-voting, along with the scrutiniser’s report, would be uploaded on the websites of the bank, its Registrar and Transfer Agent and stock exchanges within two working days.
The meeting concluded with an interactive session in which shareholders raised queries on the bank’s performance, operations and future plans. According to the bank, shareholders appreciated its financial performance during 2025-26 and expressed confidence in its growth trajectory.
