Mukul Agrawal Increases Stake In This Low-PE Private Bank; Total Business Grows 20% YoY
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Mukul Agrawal increased his stake in Jammu & Kashmir Bank to 1.50 per cent in the March 2026 quarter, while both FII and DII shareholding also moved higher. Total business grew 20.36 per cent YoY in Q1 FY27
✨ Key Takeaways
On Thursday, Indian benchmark indices traded higher, with the Nifty 50 index gaining 0.69 per cent to 24,171.55. Amid the broader market strength, Jammu & Kashmir Bank share price traded at Rs 164.65, up 5.41 per cent. The stock also witnessed strong trading activity, with over 72.7 lakh shares changing hands during the session, compared with a 30-day average volume of 41.6 lakh shares.
Mukul Agrawal Increases Stake in March Quarter
According to the latest shareholding pattern for the March 2026 quarter, Ace Investor Mukul Mahavir Agrawal increased his stake in Jammu & Kashmir Bank to 1.50 per cent, up from 1.27 per cent in the December 2025 quarter.
During the same period, Foreign Institutional Investors (FIIs) increased their shareholding to 8.35 per cent from 8.14 per cent, while Domestic Institutional Investors (DIIs) raised their stake to 6.00 per cent from 5.84 per cent, indicating higher institutional participation in the bank.
Jammu & Kashmir Bank Business Performance
The bank also reported healthy provisional business growth for the quarter ended 30 June 2026. Total business increased 20.36 per cent year-on-year to Rs 3,03,996 crore, while total deposits rose 16.75 per cent YoY to Rs 1,73,420 crore.
Gross advances grew 25.51 per cent YoY to Rs 1,30,576 crore, whereas gross investments increased 0.91 per cent YoY to Rs 43,706 crore. CASA deposits stood at Rs 72,979 crore, with the CASA ratio at 42.08 per cent. The figures are provisional and subject to audit.
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Jammu & Kashmir Bank Additional Details
The increase in shareholding by ace investor Mukul Agrawal, along with higher FII and DII ownership during the March 2026 quarter, comes alongside the bank's continued growth in deposits and advances.
About Jammu & Kashmir Bank
Jammu & Kashmir Bank Ltd is a scheduled commercial bank offering retail, corporate and treasury banking services. The bank operates an extensive branch network across India, with a strong presence in the Union Territories of Jammu & Kashmir and Ladakh.
The bank provides a wide range of financial products, including deposits, loans, digital banking, MSME financing and agricultural credit.
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Disclaimer: The article is for informational purposes only and not investment advice.