Transcript of Conference Call held on July 29, 2026

Jammu and Kashmir Bank Limited Corporate Headquarters T +91 (0)194 248 3775 W www.jkb.bank.in M A Road, Srinagar 190001 Kashmir, India F +91 (0)194 248 1928 E board.sectt@jkbmail.com CIN: L65110JK1938SGC000048 Board Secretariat Ref:-JKB/BS/F3652/2026/095 Date: 03rd August, 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:- Transcript of Conference Call held on July 29, 2026 Dear Sirs, In continuation 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, the transcript of the Conference Call held on July 29, 2026 by the Bank in relation to the Reviewed Financial Results of the Bank for the Quarter ended June 30, 2026 is enclosed and the same is also available on the website of the Bank under following link: 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 & Kashmir Bank Limited Q1 FY27 Earnings Conference Call” July 29, 2026 MANAGEMENT: MR. AMITAVA CHATTERJEE – MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER – JAMMU & KASHMIR BANK LIMITED MR. SUDHIR GUPTA – EXECUTIVE DIRECTOR – JAMMU & KASHMIR BANK LIMITED MR. IMTIYAZ AHMAD BHAT – CHIEF GENERAL MANAGER – JAMMU & KASHMIR BANK LIMITED MR. SUNIT KUMAR – CHIEF GENERAL MANAGER – JAMMU & KASHMIR BANK LIMITED MR. ASHUTOSH SAREEN – CHIEF GENERAL MANAGER – JAMMU & KASHMIR BANK LIMITED MR. RAJESH MALLA TIKOO – CHIEF GENERAL MANAGER – JAMMU & KASHMIR BANK LIMITED MR. PEER MASOOD AHMAD – DEPOSIT LIABILITY MANAGEMENT HEAD – JAMMU & KASHMIR BANK LIMITED MR. SANJAY GUPTA – RAM BANKING HEAD – JAMMU & KASHMIR BANK LIMITED Page 1 of 19 Jammu & Kashmir Bank Limited July 29, 2026 MR. SURESH KUMAR CHOUDHARY – CORPORATE BANKING HEAD – JAMMU & KASHMIR BANK LIMITED MR. IRFAN ANJUM – IMPAIRED ASSETS PORTFOLIO MANAGEMENT HEAD – JAMMU & KASHMIR BANK LIMITED MR. KETAN KUMAR JOSHI – CHIEF FINANCIAL OFFICER – JAMMU & KASHMIR BANK LIMITED MR. ALTAF HUSSAIN KIRA – CHIEF RISK OFFICER – JAMMU & KASHMIR BANK LIMITED MR. AJAY KOHLI – TREASURY HEAD – JAMMU & KASHMIR BANK LIMITED MODERATOR: MR. AVINASH SINGH – EMKAY GLOBAL FINANCIAL SERVICES LIMITED Page 2 of 19 Jammu & Kashmir Bank Limited July 29, 2026 Moderator: Ladies and gentlemen, good day, and welcome to Jammu and Kashmir Bank Q1 FY27 Conference Call hosted by Emkay Global Financial Services Limited. As a reminder, all participants lines will be in the listen-only-mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing star then zero on your touchtone phone. I now hand the conference over to Mr. Avinash Singh from Emkay Global Financial Services Limited. Thank you, and over to you, sir. Avinash Singh: Thank you, Sumit. Good afternoon, everyone. On behalf of Emkay Global, I welcome Mr. Amitava Chatterjee, Managing Director and CEO and his management team, and thank them for giving us this opportunity to host their quarter 1 FY27 Earnings Call. I shall now hand over the call to Mr. Chatterjee for his opening remarks. Over to you, sir. Amitava Chatterjee: Thank you, Avinash. Very, very 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 the 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 Choudhary; 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 in the Middle East. The International Monetary Fund, 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 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 Y-o-Y 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 the 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 INR3 trillion business figure, marking a defining milestone in its 88-year-old journey. While it took Page 3 of 19 Jammu & Kashmir Bank Limited July 29, 2026 the Bank a decade to reach a business of INR2 trillion from INR1 trillion, the journey from INR2 trillion to INR3 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 Rest of India division now contributing around 26% of the business as on 30th of 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 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 deposit market share in 19 out of 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 the sound fundamentals. However, that said, the strategic positioning of the bank as a retail-focused bank remains unchanged with retail, agriculture and MSME loans constituting around two-thirds of our loan book. The Bank's retail advances have also registered a double-digit Y-o-Y growth. Within RAM, Bank has register [Showing first 8,000 characters — download PDF for full document]