SRINAGAR, Oct. 22 -- Jammu and Kashmir Bank on Wednesday reported a 10.6% year-on-year increase in net profit to Rs 546.36 crore for the quarter ended September 30, 2026, compared with Rs 494.11 crore in the corresponding quarter last year.

The profit rose 28.8% from Rs 424.18 crore recorded in the April-June quarter of the current financial year. The bank's board of directors approved the quarterly and half-yearly financial results at a meeting held at its corporate headquarters.

The bank's total business grew 19.38% year-on-year to Rs 3.10 lakh crore as of September 30, driven by growth in advances and deposits.

Gross advances increased 23.72% to Rs 1,33,551 crore from Rs 1,07,943 crore a year earlier, while total deposits rose 16.30...