Private Sector Bank announced 215% dividend, Rs 100 is less than Rs – Jammu Kashmir Bank Declares 215 Dividend in Q4 Results 2025

Jammu and Kashmir Bank has declared its fourth quarter results today and has also declared a dividend of 215% for shareholders. At present, the bank’s stock is trading at a price of less than Rs 100.

Declaration of dividend

The Board of Directors of Jammu and Kashmir Bank have declared a dividend of Rs 2.15 per share (215%) for the financial year 2024-25 in the meeting. However, this will be applicable only after the approval of shareholders in the upcoming annual general assembly (AGM) of Dividend Bank. The bank said in the exchange filing, “The Board of Directors have recommended a dividend of Rs 2.15 per share for the financial year 31 March 2025 in their meeting today i.e. on 5 May 2025, which will depend on the approval of the shareholders.”

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Fourth quarter results

Jammu and Kashmir Bank has also announced the results of the fourth quarter. In this quarter, the net profit of the bank has declined by 8.5% to Rs 584.5 crore in this quarter, compared to Rs 638.7 crore in the same quarter last year. The bank’s net interest income (NII) has increased by 13.3% to Rs 1,480 crore in the fourth quarter, which was Rs 1,306.1 crore in the fourth quarter of last year. The bank’s gross NPA was 3.37% in the fourth quarter, compared to 4.08% in the previous quarter. NET NPA was 0.79%, which was 0.94% in the previous quarter.

Jammu and Kashmir Bank shares closed at Rs 96.41 on BSE today, which was up to 2.42% from the previous day’s closed price of Rs 94.40.

First Published – May 5, 2025 | 8:20 PM IST