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Latest news with #Jammu&Kashmir

J&K Bank Q1 PAT climbs 17% YoY to Rs 485 cr
J&K Bank Q1 PAT climbs 17% YoY to Rs 485 cr

Business Standard

time6 days ago

  • Business
  • Business Standard

J&K Bank Q1 PAT climbs 17% YoY to Rs 485 cr

Jammu & Kashmir (J&K) Bank reported a 16.69% jump in standalone net profit to Rs 484.84 crore on 10.35% increase in total income to Rs 3,518.57 crore in Q1 FY26 over Q1 FY25. Profit before tax (PBT) rose 7.45% YoY to Rs 657.75 crore in Q1 June 2025. Net interest income (NII) grew 7% to Rs 1,465.43 crore in Q1 FY26 compared with Rs 1369.22 crore in Q1 FY25. Net Interest Margin (NIM) declined to 3.72% in Q1 FY26 as against 3.86% recorded in Q1 FY25. Total deposits increased 12.05% to Rs 1,48,542 crore as of 30th June 2025 compared with Rs 1,32,573 crore as of 30th June 2024. Net Advances grew 6.06% YoY to Rs 1,01,230.11 crore as of 30th June 2025 as against Rs 95,449.77 crore as of 30th June 2024. CASA ratio declined to 45.71% in Q1 FY26 compared with 49.77% in Q1 FY25. The gross non-performing asset (GNPA) fell 5.69% YoY to Rs 3,638.19 crore as on 30th June 2025, compared with Rs 3,857.59 crore as on 30th June 2024. Gross NPA ratio reduced to 3.50% in Q1 FY26 from 3.91% in Q1 FY25. The net NPA ratio stood at 0.82% as of 30th June 2025, as against Rs 0.78% as of 30th June 2024. The banks capital adequacy ratio (CAR) stood at 15.98% in June'25. CET-1 at 12.69%, Tier- I stood at 13.68%. MD & CEO, Amitava Chatterjee, said, "Despite tough situation on ground due to the Pahalgam terror attack along with its aftermath that affected business activity and credit offtake in key geographies well into June; we have been able to deliver a healthy bottom line growth of around 17%. The sudden decline in NIM should be viewed against the broader environment wherein repo rate cuts announced by the regulator impacted the margins. Pertinently, the profitability for Q1 is subdued on account of impairment provision of Rs 87 crore made in this quarter towards our investment in the RRB - Jammu and Kashmir Grameen Bank, necessitated by amalgamation of Ellaquai Dehati Bank with erstwhile J&K Grameen Bank w.e.f. 30th April 2025. Excluding this non-recurring impact, our profitability growth would be upwards of 30% YoY. This one time provision has also impacted our ROA and ROE, however on a normalised basis both metrics remain broadly in line with our expectation. On the asset quality front, as per our annual guidance, we plan to bring it to around 3% by the end of CFY through prudent lending, robust recovery mechanisms, and proactive monitoring using early warning systems and digital tools like our NPA tracker. With CAR almost 16%, we remain well capitalized and have an enabling board approval for raising further capital to fund our growth plans and seize emerging opportunities across our business segments. J&K Bank offers banking services under the three major divisions of support services, depository services, and third-party services. The scrip declined 2.01% to end at Rs 109.45 on the BSE.

Watch: Kashmir Boys Playing Cricket On Top Of Hill Find Genius Way To Stop Ball From Falling Into Gorge
Watch: Kashmir Boys Playing Cricket On Top Of Hill Find Genius Way To Stop Ball From Falling Into Gorge

NDTV

time05-07-2025

  • Sport
  • NDTV

Watch: Kashmir Boys Playing Cricket On Top Of Hill Find Genius Way To Stop Ball From Falling Into Gorge

Cricket is one sport that is followed crazily across India. From the time the Kapil Dev -led Indian cricket team won the 1983 World Cup, the craze for the game has never waned. Gradually, with passing years, India's financial might coupled with the national team's consistent show has seen the fandom only rise. With the advent of IPL, this craziness has only higher up. There is no place in India where cricket fans are not there. While professionally the game is played at most places, amateur players and their unique style has contributed a lot in the game development. Like, Kashmir's Sohil Naseer and his friends. Sohil has over 12,000 followers on Instagram and regularly uploads videos of his games on the social media platform. Some of his videos have gone viral, as Sohil and his friends have found a genius way to stop the ball from falling into the gorge while playing cricket on top a hill. They tie a light rope with the ball, while the other end of the rope is tied to a stone. It ensures that even when a big shot is hit, the ball does not fall. You can watch Sohil Naseer's videos - HERE Kashmir has seen their stature go up in domestic cricket in the last one decade. Players like Parvez Rasool, Umran Malik, Abdul Samad have emerged from the state. In the 2024-25 Ranji Trophy, Jammu & Kashmir beat higher-rated teams like Mumbai and Baroda. They even reached the Ranji Trophy quarter-finals after five years. This was only the third time they have entered the quarter-finals in their 55 years of participation. They lost to Kerala in the semi-final in February.

J&K Police urge Amarnath pilgrims to travel in convoys for safety
J&K Police urge Amarnath pilgrims to travel in convoys for safety

Business Standard

time26-06-2025

  • Business Standard

J&K Police urge Amarnath pilgrims to travel in convoys for safety

Jammu and Kashmir Police have urged Amarnath Yatra pilgrims to avoid independent travel and join official convoys for safety, days ahead of the annual pilgrimage. In a small advisory on X, Inspector-General of Police (IGP), Jammu said, Shri Amarnath Ji yatra pilgrims who wish to start their yatra from Jammu are advised to join only the official convoys for a safe and secure journey. - Avoid independent travel The Amarnath Yatra is scheduled to begin from July 3 and will continue till August 9. The advisory comes around the time when a counter-terror operation is underway in Jammu and Kashmir's Udhampur district. Officials confirmed on Thursday that four Jaish-e-Mohammad terrorists are trapped in a forested area in Udhampur district with security forces attempting to neutralise them, PTI reported. The operation was launched following specific intelligence, after which a joint party search was launched by the Indian Army and Jammu & Kashmir in the Bihali area of Basantgarh. The 13th Battalion of the NDRF carried out a drill that included various emergency scenarios, rescue operations, medical assistance, and support for the yatra and its pilgrims, the official said, as quoted by PTI. Moreover, the lodging facilities in the district were also inspected by Udhampur Deputy Commissioner Saloni Rai. 'All arrangements have been put in place. The Udhampur district houses 26 lodgement centres with a capacity to accommodate 6,500 pilgrims. We have established centres to house pilgrims in case of any weather-related or other emergencies,' she said, as quoted by PTI.

Ayush Mhatre receives signed bat from Rohit Sharma ahead of U-19 England tour
Ayush Mhatre receives signed bat from Rohit Sharma ahead of U-19 England tour

India.com

time20-06-2025

  • Sport
  • India.com

Ayush Mhatre receives signed bat from Rohit Sharma ahead of U-19 England tour

Mhatre had a special message for Rohit in his post. New Delhi: Rohit Sharma gifted a signed bat to the young prodigy of Mumbai Ayush Mhatre, before his departure to England with India U-19 team. The leading player Mhatre, who gained popularity with his brilliant performance in the IPL 2025 with CSK, will be the captain of the Indian team on the England tour. The young batter, an eager follower of Rohit Sharma took the picture with the India ODI captain prior to departing to the England tour. At the Instagram photo, Mhatre is shown smiling with Rohit as he held the signed bat given by veteran opener. He also wrote the moving note praying the special gesture. View this post on Instagram A post shared by Ayush Mhatre (@ayush_m255) 'A bat, a blessing, and a memory of a lifetime — thank you Rohit da,' said Mhatre on Instagram. India U-19 will tour England between June 24 and July 23 with five Youth ODIs and two multi-day games against the England U-19 team. India U-19 squad for England tour Ayush Mhatre (Captain), Vaibhav Sooryavanshi, Vihaan Malhotra, Maulyarajsinh Chavda, Rahul Kumar, Abhigyan Kundu (Vice-Captain & WK), Harvansh Singh (WK), R S Ambrish, Kanishk Chouhan, Khilan Patel, Henil Patel, Yudhajit Guha, Pranav Raghavendra, Mohammed Enaan, Aditya Rana, Anmoljeet Singh. Ayush Mhatres shares experience of sharing dressing room with Rohit Sharma Earlier this year, Ayush Mhatre got a chance in rarest of occasions to share a dressing room with his hero, Rohit Sharma during a Ranji Trophy match, where the senior batter played against Jammu & Kashmir with his team. Even though Rohit replaced Mhatre in the playing eleven, the young man later wrote a heartfelt message to the retiring veteran praising his prowess and thanking him, describing in detail as to how he inspired. Mhatre also disclosed that he started playing cricket by observing Rohit Sharma batting and he termed playing alongside his boyhood idol as an out-of- this-world experience. 'Started playing cricket by watching him bat on television to sharing a dressing room with my idol was such an unreal moment. Lots of learning to take forward,' said Mhatre. Rohit Sharma is taking a break in cricket since his retirement in Test matches before the England series. The India ODI skipper should be fit to play when the national side embarks on a white-ball tour to Australia.

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