IndusInd Bank is known for its customer-centric approach and innovative digital banking solutions. The bank has been recognized with numerous awards for its technological advancements and commitment to providing a seamless banking experience.
In recent years, IndusInd Bank has focused on expanding its digital offerings, launching user-friendly mobile banking apps and online platforms. This emphasis on digital innovation has enabled the bank to cater to the evolving needs of its tech-savvy customers.
Latest News on Jammu & Kashmir Bank
Five Banks, Including City Union Bank, DCB Bank, and J&K Bank, Hike Fixed Deposit Rates, Offering Up to 7.65% Interest for Senior Citizens
This week, six banks in India revised their fixed deposit (FD) rates, continuing a trend of reductions over the past few months. The revised rates for senior citizens now range between 6.50% and 8.00% across most banks. The banks that revised their FD rates include City Union Bank, DCB Bank, J&K Bank, South Indian Bank, Kotak Mahindra Bank, and AU Small Finance Bank.
City Union Bank, a private sector bank, revised its FD interest rates on January 14, 2026. The bank is now offering senior citizens a deposit rate of 7.25%, while super senior citizens (those 80 years and above) can earn a deposit rate of 7.50%. The revised interest rates for senior and super senior citizens at City Union Bank vary depending on the tenure of the deposit. For senior citizens, the rates are: 7.00% for 365-499 days, 7.25% for 500 days, 6.75% for 501 days to three years, and 6.50% for above three years to 10 years.
For super senior citizens, the rates are slightly higher: 7.05% for 365-499 days, 7.50% for 500 days, 6.80% for 501 days to three years, and 6.60% for above three years to 10 years. These revised rates are indicative of the current market trend, where banks are adjusting their interest rates in response to changes in the economy and monetary policy. It is essential for depositors to review the revised rates and consider their options before making any investment decisions. The changes in FD rates may impact the returns on deposits, and individuals should evaluate their financial goals and risk tolerance before choosing a deposit tenure and bank.
Billawaria launches Capital Small Finance Bank’s newest outlet in Digiana
A new branch of Capital Small Finance Bank was inaugurated at Digiana, Jammu, by Bharatiya Janata Party (BJP) Jammu-Kashmir general secretary and former Deputy Mayor Jammu, Baldev Singh Billawaria. The event was attended by senior bank officials, staff members, social activists, business community members, and local residents. Billawaria praised the bank for its efforts in providing simple, reliable, and accessible banking services to the common people, small traders, farmers, and entrepreneurs.
The new branch is part of the bank’s expansion plans, with existing successful operations in Kathua and Jammu city. Billawaria expressed confidence that the new branch will provide better access to financial services for the local population, simplifying transactions and supporting small traders, startup entrepreneurs, and youth in strengthening economic activities. He highlighted the Central Government’s commitment to financial inclusion, citing initiatives such as the Pradhan Mantri Jan Dhan Yojana, Digital India, and the MUDRA Scheme.
Billawaria emphasized that sustainable economic development requires adequate banking facilities, and the new branch will create local employment opportunities, boost small-scale businesses, and improve the region’s economic activities. The bank officials announced that the Digiana Branch will offer a range of modern and secure banking services, including digital banking, micro loans, savings and current accounts, and fixed deposits. The bank reiterated its commitment to delivering transparent, reliable, and prompt services to customers across all sections of society.
The inauguration of the new branch is expected to have a positive impact on the local economy, providing access to financial services and supporting the growth of small businesses and entrepreneurship. The event reflects the government’s focus on financial inclusion and the bank’s efforts to expand its services to underserved areas. With the new branch, the people of Digiana and surrounding areas can expect improved access to banking services, contributing to the region’s economic development and growth.
The net profit of J&K Bank decreased by 11% to ₹494.11 crore during the July-September quarter.
Jammu and Kashmir Bank reported an 11% decline in net profit to ₹494.11 crore in the July-September quarter of the current financial year. However, its earnings for the first half increased slightly to ₹978.95 crore. The bank’s total income rose to ₹3,447 crore in the quarter under review, and its net interest income (NII) for the first half was marginally up by 3.4% year-on-year at ₹2,899.43 crore.
Despite facing challenges such as the Pahalgam incident and floods, the bank’s MD and CEO, Amitava Chatterjee, expressed optimism about meeting its annual guidance. The bank made a total provisioning of ₹180 crore towards Jammu and Kashmir Grameen Bank during the first two quarters of the current financial year. Excluding this impact, the bank’s H1 profitability would be upwards of 15% year-on-year.
The bank’s asset quality showed improvement, with a decline in gross NPA ratio to 3.32% and a decrease in net NPA ratio to 0.76%. The Provision Coverage Ratio (PCR) remained above 90%, and the return on assets (RoA) stood at 1.17% for the half year. The bank’s deposits witnessed a growth of 10.23% year-on-year, and net advances increased by 9.38% to ₹10,5153 crore.
Chatterjee attributed the bank’s steady performance to its operational discipline and commitment to sustained, quality growth. The bank’s Capital Adequacy Ratio (CAR) stood at 15.27%, and it remains well-capitalized to support future growth opportunities. The bank is expanding its operations beyond Jammu and Kashmir, partnering with top-tier corporates across India, and sharpening its focus on building a gainful niche in the retail landscape outside the state.
Overall, the bank’s performance in the first half of the financial year affirms its confidence in achieving its annual guidance growth numbers. With a strong foundation of people, processes, and technology, the bank is steadily strengthening its pillars to ensure efficiency, resilience, and excellence in its operations. Despite the challenges faced, the bank’s MD and CEO remains optimistic about its progress and is committed to meeting its annual guidance.
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