The Jammu & Kashmir Bank Limited (J&KBANK)
General Updates
The CBIC clarified that notional interest under banks' Fund Transfer Pricing (FTP) is exempt from GST as 'interest' per Notification No. 12/2017. The Jammu & Kashmir Bank had pending GST demand orders on FTP amounts, which it challenged and obtained interim protection. The bank will now pursue quashing these demands based on the CBIC circular dated 28-Oct-2026.
Source: Original filing PDF
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🚨 J&KBANK — Quarterly Results
Revenue: ₹2,35,800 Cr (+12% YoY)
PAT: ₹19,200 Cr (+17% YoY)
EBITDA margin: 16.8%
Board declared ₹10/share dividend. Jio adds 8M subs.
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