Audited Quarterly & Full-Year Results March 31, 2015

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Charity Hampton
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1 Earnings Update Audited Quarterly & Full-Year Results March 31, 2015

2 The Board of Directors of The Jammu & Kashmir Bank Ltd. at their meeting held on May 16, 2015 took on record the Audited Financial Results for the Fourth Quarter ended March 31, Performance Highlights for the quarter ended March 31, 2015: Net Profit at Rs crore for the quarter ended Mar, 2015 as compared to Rs crore earned during the quarter ended Mar, EPS for the quarter ended Mar, 2015 at Rs 2.10 from Rs 5.17 (recast due to share split) earned during the corresponding quarter of previous financial year. NIMs for the quarter ended Mar, 2015 at 3.92 (annualized) vis-à-vis 4.13 for the corresponding quarter of previous financial year. Post tax Return on Assets at 0.56 (annualized) for the quarter ended Mar, 2015 compared to 1.37 for the corresponding period of the previous financial year. Post Tax Return on Average Net-Worth (annualized) for the quarter ended Mar, 2015 at 6.64 compared to recorded for the corresponding quarter of last financial year. The Cost of Deposits (annualized) for the quarter ended Mar, 2015 at 6.50 compared to 6.73 recorded for the corresponding quarter of last financial year. The Yield on Advances (annualized) for the quarter ended Mar, 2015 stood at as compared to for the quarter ended Mar, Business per Employee and Net profit per Employee (annualized) were at Rs crore and Rs 4.38 lakh respectively for the quarter ended Mar, 2015 compared to Rs crore and Rs lakh pertaining to the quarter ended Mar, Gross and Net NPA s as percentages to Gross and Net Advances as on Mar, 2015 at 5.97 and 2.77 respectively compared to 1.66 and 0.22 a year ago. NPA Coverage Ratio as on Mar, 2015 at as compared to a year ago. Cost to Income Ratio stood at for the quarter ended Mar, 2015 as compared to for the quarter ended Mar, Capital Adequacy Ratio (Basel III) stood at as on Mar, 2015 against RBI stipulated norm of 9 and as compared to on Mar,

3 The Board of Directors of The Jammu & Kashmir Bank Ltd. at their meeting held on May 16, 2015 took on record the Audited Financial Results for the Full Year ended March 31, Performance Highlights for the full year ended March 31, 2015: Net Profit at Rs crore for the financial year ended Mar, 2015 as compared to Rs crore earned during the financial year ended Mar, EPS for the financial year ended Mar, 2015 at Rs from Rs (recast due to share split) earned during the previous financial year. NIMs (Net Interest Margins) Ratio for the financial year ended Mar, 2015 at 3.81 vis-à-vis 4.16 for the previous financial year. Post tax Return on Assets at 0.70 for the financial year ended Mar, 2015 compared to 1.74 for the previous financial year Post Tax Return on Average Net-Worth for the financial year ended Mar, 2015 at 8.60 compared to recorded for the previous financial year. The Cost of Deposits for the financial year ended Mar, 2015 at 6.72 compared to 6.70 recorded for the last financial year. The Yield on Advances for the financial year ended Mar, 2015 stood at as compared to for the year ended Mar, Business per Employee and Net profit per Employee were at Rs crore and Rs 5.48 lakh respectively for the financial year ended Mar, 2015 compared to Rs crore and Rs lakh pertaining to the financial year ended Mar, Gross and Net NPA s as percentages to Gross and Net Advances as on Mar, 2015 at 5.97 and 2.77 respectively compared to 1.66 and 0.22 a year ago. NPA Coverage Ratio as on Mar, 2015 at as compared to a year ago. Cost to Income Ratio stood at for the financial year ended Mar, 2015 as compared to for the financial year ended Mar, Capital Adequacy Ratio (Basel III) stood at as on Mar, 2015 against RBI stipulated norm of 9 and as compared to on Mar,

4 Profit & Loss Account Q 4 Q 4 Year ended Year ended FY FY Mar, 15 Mar, 14 Interest Earned Interest Expended Net Interest Income Other Income Operating Income Operating Expenses Operating Profit Provisions & Contingencies PBT Tax Provision Net Profit Share Capital EPS in Rs. * Net Interest Margins Net Interest Margins (Ann.) * EPS for periods upto quarter ended June, 2014 has been recast consequent upon split of Bank s share during quarter ended Sep,

5 Balance Sheet As on March 31, 2015 As on March 31, 2014 Capital & Liabilities Capital Reserves & Surplus Deposits Borrowings Other Liabilities & Provisions Total Assets Cash & Bank Balance Balance with Banks and Money at Call & Short Notice Investments Advances Fixed Assets Other Assets Total

6 Break-up: 1. Interest Earned Mar, 2015 Mar, 2014 On Loans & Advances Investments Inter Bank Funds Total Interest Expended Mar, 2015 Mar, 2014 Deposits Borrowings (Subordinated Debt) Total Other Income Mar, 2015 Mar, 2014 Commission / Exchange Insurance Commission Treasury / Trading Income Miscellaneous Income Total Operating Expenses Mar, 2015 Mar, 2014 Payment for Employees Rent, Taxes and Lightning Printing & Stationery Advertisement & Publicity Depreciation in Bank s Property Directors Fees, Allowances & Expenses Auditors Fees & Expenses Law Charges Postage, Telegrams, Telephones etc Repairs & Maintenance Insurance Other Expenditure Total

7 Break-up: 5. Provisions & Contingencies Mar, 2015 Mar, 2014 Provision for Tax Provision for Bad & Doubtful Debts Provision for Standard Advances Provision for Depreciation on Investments Provision for Non Performing Investments Provision for Frauds/ Embezzlements Provision for diminution in fair value of Restructured / Rescheduled advances Provision for Contingent Liabilities Total Deposits Demand Deposits Saving Deposits Term Deposits Total

8 Movement in Gross NPA s Mar, 2015 Mar, 2014 Balance at the start of the period Additions during the period Reductions Up gradations during the period Write off Recoveries during the period Balance at the close of the period Movement in Restructured Assets Q 4 Q 4 Mar, 2015 Mar, 2014 Balance at the start of the period Additions during the period Repayments / Reductions / Reclassification / Upgradations, etc, Net off Additional Disbursements during the period Balance at the close of the period Incremental Growth in Deposits and Advances Increment In J&K State Deposits In Rest of India Whole Bank In J&K State Gross Advances In Rest of India Whole Bank

Sectoral Break-up of Advances : March, 2015 March, 2014 Bank as Whole Gross Advances Rs 46553 cr Gross Advances Rs 47406 cr Agriculture Trade 2 12 10 Agriculture Trade 2 9 9 Personal SME Corporate 50

9 Sectoral Break-up of Advances : March, 2015 March, 2014 Bank as Whole Gross Advances Rs cr Gross Advances Rs cr Agriculture Trade Agriculture Trade Personal SME Corporate Personal SME Corporate In Rest of India Gross Advances Rs cr Gross Advances Rs cr Agriculture Trade Personal Agriculture Trade Personal SME Corporate 82 SME Corporate 84 Within J&K State Gross Advances Rs cr Gross Advances Rs cr Agriculture Trade Agriculture Trade Personal Personal SME Corporate SME Corporate

10 Categorization of Investments (I) Held to Maturity (HTM) Government & Other Approved Securities Shares Debentures & Bonds Subsidiaries & Joint Ventures Sub-Total Percentage of HTM to Total Investments Held for Trading (HFT) Government & Other Approved Securities Shares Debentures & Bonds Subsidiaries & Joint Ventures Sub-Total Percentage of HFT to Total Investments Available for Sale (AFS) Government & Other Approved Securities Shares Debentures & Bonds Subsidiaries & Joint Ventures Debt / Money Market related MF s Sub-Total Percentage of AFS to Total Investments Total Investment Categorization of Investments (II) SLR Securities Non SLR Securities Total Investment SLR Securities as age to total Investments Non SLR Securities as age to total Investments Previous period figures wherever necessary have been recast 10

11 Analytical Ratios: Mar 2015 Mar 2014 Net Interest Margins () * Annualized Yield on Advances () * Annualized Yield on Investments () * Annualized Cost of Deposits () * Annualized Post Tax Return on Assets () Annualized Post Tax Return on Average Networth ()* Annualized Cost to Income Ratio () Credit / Deposit (CD) Ratio () CASA Ratio () Business per Employee (In Rupees crore) Net Profit per Employee (In Rupees lakh) Annualized Number of Employees Business Per Branch (In Rupees crore) Net Profit per Branch (In Rs cr) Annualized Branches Excluding Extension Counters, Controlling Offices & RCC s Gross NPAs (In Rupees crore) Net NPAs (In Rupees crore) Gross NPA Ratio () Net NPA Ratio () NPA Coverage Ratio () Capital Adequacy Ratio () Basel II i. Tier I ii. Tier II Capital Adequacy Ratio () Basel III Earning per Share ** (In Rupees) i. Tier I ii. Tier II Annualized Net Asset Value ** (In Rupees) Adjusted Book Value ** (In Rupees) Dividend Payout Ratio () Dividend Yield () * Ratios calculated on Fortnightly average balances ** Ratio for previous periods upto quarter ended June, 2014 has been recast consequent upon split of Bank s share during quarter ended Sep,

12 Shareholding Pattern as on May 08, 2015 vis-à-vis May 09, 2014: S No. PARTICULARS Number of Shares Held as on May 08, 2015 to Capital Number of Shares Held as on May 09, 2014 to Capital 1. GOVERNMENT OF J&K INDIAN MUTUAL FUNDS INSURANCE COMPANIES BANKS NON RESIDENT INDIANS FOREIGN INSTITUTIONAL INVESTORS FOREIGN PORTFOLIO INVESTORS BODIES CORPORATES RESIDENT INDIVIDUALS CLEARING MEMBERS TRUSTS TOTAL Face value split From Rs 10 per share to Re 1 per share during quarter ended Sep, 2014 For more information, contact: Parvez Ahmad, Executive President, J & K Bank Ltd., Corporate Headquarters, M.A. Road, Srinagar, parvez.ahd@gmail.com 12

Welcome to Analysts Meet

PERFORMANCE HIGHLIGHTS For the Quarter Ended 30 th JUNE, 2013 Welcome to Analysts Meet 31 st July- 2013 Mumbai INDEX Sl. No. Slide Details Slide No. 1 Financial Highlights 4 2 Earnings Cross Section 5