Jammu and Kashmir Bank aims to achieve a profit of Rs 5,000 crore by 2030, following a successful fiscal year 2024-25 where it surpassed Rs 2,000 crore in profits. CEO Amitava Chatterjee has outlined a strategy that includes increased support for the agriculture sector and expansion across India to diversify its portfolio. The bank also plans to leverage government schemes such as YUVA to bolster local entrepreneurship and economic growth within the region.

Chatterjee emphasized the bank's vision to cross the Rs 5,000 crore profit milestone by 2030. He noted that the bank has consistently raised its performance bar, achieving record profits over the past three financial years. In fiscal year 2024-25, the bank reported a net profit increase of nearly 18%, amounting to Rs 2,082.46 crore, compared to Rs 1,767.27 crore in FY 2023-24. The CEO highlighted the importance of supporting the local economy and focusing more on investment credit within the agriculture sector.

Addressing the revision of MSME criteria, Chatterjee anticipates the emergence of new units in the small and medium sector within Jammu and Kashmir. He also pointed to the YUVA scheme as a significant opportunity to support 3.5 lakh youth in the region in starting new businesses. The bank is prepared to support these individuals, reinforcing its role as a key pillar in supporting the local economy, alongside the government.

While the bank maintains a strong presence in Jammu and Kashmir and Ladakh Union territories, it also has a considerable footprint across 20 other states in the country. This provides an opportunity for diversification, allowing the bank to balance its focused growth strategy in the union territories with expansion into other parts of India.