Analysts/Institutional Investor Meet/Con. Call Updates

Jammu and Kashmir Bank Limited Corporate Headquarters T +91 (0)194 248 3775 W www.jkb.bank.in M A Road, Srinagar 190001 F +91 (0)194 248 1928 E board.sectt@jkbmail.com Kashmir, India CIN: L65110JK1938SGC000048 Board Secretariat Ref:-JKB/BS/F3652/2026/092 Date: 29th July, 2026 National Stock Exchange of India Limited The BSE Limited Exchange Plaza 5th Floor Phiroze Jeejeebhoy Towers Plot No. C/1 G-Block Dalal Street Bandra Kurla Complex Mumbai – 400 001 Bandra (E) Mumbai – 400 051 Scrip Code:532209 Symbol: J&KBANK Sub:- Audio and Investor Brief of Conference Call held on July 29, 2026 Dear Sirs, Further to our letter no. JKB/BS/F3652/2026/090 dated July 29, 2026 and pursuant to Regulation 30 and 46 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please be informed that the audio recording of conference call with analysts and investors in connection with the Reviewed Financial Results of the Bank for the Quarter ended June 30, 2026 can be accessed at: https://jkb.bank.in/investor/stockExchangeIntimation/investorrelations Further, please find also enclosed the opening remarks of conference call by MD & CEO of the Bank with the analysts and investors. The same can also be accessed at https://jkb.bank.in/investor/stockExchangeIntimation/investorrelations This is for your information and appropriate dissemination. Thanking you Yours faithfully For Jammu and Kashmir Bank Limited (Mohammad Shafi Mir) Company Secretary Jammu and Kashmir Bank Limited Corporate Headquarters T +91 (0)194 248 3775 W www.jkb.bank.in M A Road, Srinagar 190001 F +91 (0)194 248 1928 E board.sectt@jkbmail.com Kashmir, India CIN: L65110JK1938SGC000048 Board Secretariat INVESTOR BRIEF FOR JUNE 2026 Good Afternoon and a warm welcome to all the investors, analysts and other stakeholders joining us today for the J&K Bank June 2026 Earnings Call. Before starting with the numbers, let me introduce my fellow colleagues from Bank’s senior management who are accompanying me on this call: Executive Director, Mr. Sudhir Gupta Chief General Managers –Mr. Imtiyaz Ahmad Bhat, Mr. Ashutosh Sareen, Mr. Rajesh Malla Tikoo and Mr. Sunit Kumar Deposit Liability Management Head, Mr. Peer Masood Ahmad RAM Banking Head, Mr. Sanjay Gupta Corporate Banking Head, Mr. Suresh Kumar Chowdhary Impaired Assets Portfolio Management Head, Mr. Irfan Anjum Chief Financial Officer, Mr. Ketan Kumar Joshi Chief Risk Officer, Mr. Altaf Hussain Kira And our Treasury Head – Mr. Ajay Kohli The first quarter of this new financial year unfolded against a backdrop of elevated global uncertainty with the global economy navigating through a turbulent phase. While the global economy was continuing to grapple with heightened uncertainties emanating from fragile geopolitics and supply chain pressures, tensions have intensified towards the close of the quarter and in the weeks thereafter due to the breakdown of diplomatic efforts to de-escalate tensions the Middle East. The International Monetary Fund (IMF), in its July 2026 World Economic Outlook Update, has revised down its global growth forecast for 2026 by 10 bps compared to its earlier April projections, while also trimming India’s GDP growth forecast for FY 2026-27 by 10 bps to 6.4%, reflecting the adverse impact of the geopolitical tensions. Notwithstanding the uncertain external economic environment and the fact that traditionally, the first quarter is considered to be a seasonally softer period for the banking industry, the Bank has delivered a healthy growth across both deposits and advances, outpacing the system growth, with a YoY growth of 16.75% and 25.44% in Deposits and Advances respectively. Even on a sequential basis, the Bank has registered a healthy growth of over 4% in deposits as well as advances. This marks the first time in last 6 years that the Bank has been able to post a sequential deposit growth in the first quarter. During this quarter, the Bank also crossed the Rs.3 trillion business figure, marking a defining milestone in its 88-year journey. While it took the Bank a decade to reach a business of Rs. 2 trillion from Rs.1 trillion, the journey from Rs.2 trillion to Rs.3 trillion has been completed in just over 3 years’ time reaffirming the Bank’s successful transformation over the past few years. As part of efforts for diversification of the business portfolio, the Bank continues to make progress towards its objective of enhancing the share of business from Rest of India Division, with ROI Division now contributing around 26% of the business as on 30th June 2026 compared to less than 20% a year ago. This is a reflection of a steady execution of our calibrated expansion strategy beyond our core geography and is helping create a more Jammu and Kashmir Bank Limited Corporate Headquarters T +91 (0)194 248 3775 W www.jkb.bank.in M A Road, Srinagar 190001 F +91 (0)194 248 1928 E board.sectt@jkbmail.com Kashmir, India CIN: L65110JK1938SGC000048 Board Secretariat balanced and diversified balance sheet. We would also like to emphasize on the fact that this diversification has been achieved without compromising on our market leadership in our home territories of J&K and Ladakh. The Bank continues to maintain its dominant position in J&K and Ladakh with a commanding market share of 61.13% of banking business as on 31st March 2026 and has recorded an improvement in the deposit market share in 19 out of the 22 districts in J&K and Ladakh during FY 2025-26. Both these combined, position the Bank for a diversified and sustainable long-term growth. During the first quarter, Corporate Credit growth has outpaced the growth in Retail Credit which has been the broad industry trend, as higher bond yields have pushed companies back to the banking system. Also, in our case, this is partly on account of a tactical response to the prevailing market opportunities and economic conditions, wherein we exhibited a conscious preference for selective lending to well-rated corporates with sound fundamentals. However, that said, the strategic positioning of the Bank as a retail-focused bank remains unchanged with Retail, Agriculture and MSME Loans (RAM) constituting around two-thirds of our Loan Book. The Bank’s Retail Advances have also registered a double-digit YoY growth. Within RAM, Bank has registered a YoY growth of around 18% in Agricultural Advances. Our Personal Loan segment in ROI also continues to grow at a decent rate, recording a YoY growth of over 12%. Amongst Personal Loans, Car Loans has been the best performing segment across all divisions with a YoY growth of over 20% at the Bank level and over 30% in the ROI Division. Housing and Education loans in ROI Division have also recorded a double-digit YoY growth. On the liability side, our deposit franchise has remained resilient despite an intensely competitive environment with both JKL and ROI Divisions recording a double-digit YoY growth. The growth in Term Deposits has outpaced the growth in CASA Deposits, growing by over 24% YoY with CASA Deposits growing by around 7.5%. This is an industry-wide phenomenon driven by the evolving customer preferences for relatively higher-yielding deposit products and increasing financialization of savings, which is substantiated from the increase in share of Term Deposits in the Total Deposits, across all Scheduled Commercial Banks, from 58% in Fiscal 2019 to 61% in Fiscal 2026 and from increase in share of equities and mutual funds in savings in financial assets from 27% in FY 2019-20 to 46% in FY 2024- 25. The Bank has recorded a CASA Ratio of 42.06% on 30th June 2026, as CASA Deposits have declined sequentially. However, this decline in CASA deposits during the first quarter needs to be viewed as a trend witnessed in the Bank over a decade barring in the June 2020 quarter, a period impacted by the Covid 19 pandemic. Now, turning to our financial performance, the Bank has recorded an operating profit of Rs.703 crores for the quarter, registering a 5% [Showing first 8,000 characters — download PDF for full document]