Annual Report for FY 2025-26

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/F3652/2026/109 Date: 29th 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: - Integrated Annual Report for Financial Year 2025-26 Dear Sirs, In continuation of our letter no. JKB/BS/F3652/2026/108 dated 29th August, 2026 regarding the Notice of the 88th Annual General Meeting (AGM) of the Bank and pursuant to Regulation 34 and 53 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith a copy of Integrated Annual Report for FY 2025-26 for the 88th Annual General Meeting of the Bank. The same is also available on the website of the Bank at: https://jkb.bank.in/Investor/financial-information/annual-reports This is submitted for your information and appropriate dissemination. Thanking you Yours f aithfully For Jammu and Kashmir Bank Limited (Mohammad Shafi Mir) Company Secretary QUICK INFORMATION S. No. Particulars Details 1. Day, Date and Time of AGM Tuesday, September 22, 2026 at 11:00 A. M. 2. Venue Sher-i-Kashmir International Conference Centre (SKICC), Srinagar, J&K - 190001 3. Cut-Off Date for E-Voting Tuesday, September 15, 2026 4. Remote E-Voting Start Date and Time Saturday, September 19, 2026 at 09:00 A.M 5. Remote E-Voting End Date and Time Monday, September 21, 2026 at 05:00 P.M 6. Remote E-Voting Website www.bigshareonline.com 7. Name of E-Voting Service Provider M/s Bigshare Services Private Limited 8. Name of Registrar to an Issue and Share M/s Bigshare Services Private Limited Transfer Agent 9. Name of Scrutinizer CS Ghulam Jeelani Reshi WHAT’S INSIDE INTRODUCTION 02 About the Report 03 Integrated Thinking 04 Trust, Tradition, Transformation 08 Highlights of the Year ABOUT JAMMU AND KASHMIR BANK 10 Corporate Portrait 12 Business Review Read about us and our business segments 16 Key Strengths on PG 10 18 Built on Trust, Reaching Further 20 Chairman's Message 24 MD & CEO's message 28 Executive Director's message 30 Board of Directors VALUE CREATION PROCESS 38 Leadership Team 50 Value Creation Model 48 Awards and accolades 52 Stakeholder Engagement 54 Materiality Assessment Read how we engage with our stakeholders on PG 52 PERFORMANCE REVIEW CREATING VALUE RESPONSIBLY 58 External Environment 74 ESG Strategy 60 Vision 2030 78 Environment 68 Key Performance indicators 88 Social – Customers 70 Risk Management 97 Social – Employees 100 Social – Communities 123 Governance Read about our strategy and VISION 2030 on PG 60 STATUTORY REPORTS 132 Management Discussion and Analysis 144 Directors' Report 190 Report on Corporate Governance 224 Business Responsibility and Sustainability Reporting (BRSR) FINANCIAL STATEMENTS 266 Standalone 348 Consolidated 432 NOTICE OF AGM ABOUT THE REPORT We are pleased to present our first Integrated Annual Report. This Report offers a comprehensive overview of Jammu and Kashmir Bank Limited's (hereinafter referred to as ‘we’, ‘us’, 'our' and 'our Bank') approach to creating long-term value for our stakeholders. Alongside our annual financial performance, the Report highlights the progress against our strategic priorities, sustainability commitments and non-financial performance. It also provides insights into our operating environment, risk management framework and governance practices, while defining the ESG priorities that shape our decisions and support the Bank’s long-term resilience and growth. Reporting cycle Reporting scope Responsibility statement 1st April 2025 to This Report presents information The content presented in this Report that is relevant to all stakeholders has been reviewed and approved by our 31st March 2026 and provides a comprehensive senior management. This governance overview of our operations and process ensures that the information Reporting principles and performance. It highlights matters disclosed is accurate, comprehensive framework that significantly affect our ability and aligned with the principles and to create long-term value and requirements of the Integrated The financial information presented offers insights to support informed Reporting <IR> Framework. in this Report has been prepared in decision-making by the providers of accordance with the requirements our financial capital. • The Companies Act, 2013 (including the rules framed Assurance statement thereunder) Reasonable assurance on the Core • The Companies (Accounting KPIs presented in the BRSR and Standards) Rules, 2021 the Integrated Annual Report has • The Securities and Exchange been undertaken by M/s SR Asia. Board of India (Listing Obligations The assurance engagement was and Disclosure Requirements) carried out in accordance with Regulations, 2015 ISAE 3000 (Revised) and ISAE • The Banking Regulation Act, 3410. The assurance statements 1949, and other applicable included in this report have been regulations issued by the Reserve prepared in line with SEBI’s BRSR Bank of India (RBI) Core Framework for assurance, This Report has been prepared with BRSR Reporting Guidelines and reference to the principles of the Feedback the Greenhouse Gas Protocol Integrated Reporting <IR> Framework standards. The statements outline Please reach out for queries issued by the IFRS Foundation. It the scope of review, assessment or feedback on this Integrated incorporates disclosures aligned criteria, procedures performed and Report at companysecretary@ with leading global reporting the resulting reasonable assurance jkbmail.com standards and frameworks. opinion. Jammu and Kashmir Bank Limited INTEGRATED THINKING DRIVEN BY OUR : Vision Mission Pioneering the economic and • To acquire an enhanced business footprint across geographies and emerge as a prominent national brand social transformation. in the financial sector. To become a committed partner in fostering economic • To position the Bank as the 'Most Preferred Bank' for and social transformation across the country through Customer focus, Operational Excellence and High a deep commitment to value creation for all our Integrity towards one and all stakeholders. stakeholders, while continuing to build on our historic • To be the best in class financial intermediary, business relationship with Jammu & Kashmir and leveraging our digital and physical banking channels. Ladakh. Besides, the Bank operates on the principle • To observe customer centricity through service of 'socially empowering banking' and endeavours to excellence, integrity and transparency, and a deliver innovative financial solutions to all segments of comprehensive range of innovative products and the society which include household, small and medium services responsive to customer needs. enterprises, etc. • To be a lean, learning and efficient banking organisation focusing on prudent, sustainable, profitable growth and value creation. • To adopt the best standards for corporate governance, business ethics and risk management. • To vigorously promote financial inclusion as a business proposition to harness the potential at the bottom of the pyramid. DELIVERING VALUE THROUGH OUR… Prudent governance Strategies Business segments PG 123 PG 60 PG 12 ...IMPACTING STAKEHOLDERS IN A DYNAMIC LANDSCAPE... Our stakeholders Our material topics PG 52 PG 54 ...REFINING PROCESSES AND REDEFINING FOCUS TO CREATE VALUE. Environment Social Governance PG 78 PG 88 PG 123 Integrated Annual Report 2025-26 TRUST TRADITION TRANSFORMATION For us, TRUST inspires every relationship, TRADITION anchors our purpose, and TRANSFORMATION propels us forward — creating a legacy that continues to endure, create value and empower generations to come. TRUSTED [Showing first 8,000 characters — download PDF for full document]