J&K Bank Sees Increased Deposit Growth Outpacing Advances in Q3

NEW DELHI, January 6: Jammu & Kashmir Bank has announced an increase in deposit growth for the third quarter ending December 2024, outpacing its loan growth. The bank’s total deposits rose by 9.65%, reaching Rs 1.40 lakh crore compared to Rs 1.28 lakh crore at the same period last year. In contrast, the growth in…

NEW DELHI, January 6: Jammu & Kashmir Bank has announced an increase in deposit growth for the third quarter ending December 2024, outpacing its loan growth. The bank’s total deposits rose by 9.65%, reaching Rs 1.40 lakh crore compared to Rs 1.28 lakh crore at the same period last year. In contrast, the growth in loans stood at 5.98%, totaling Rs 99,134 crore versus Rs 93,538 crore from the previous fiscal year’s third quarter.


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