#1Investor Presentation Q3 FY 2024 J&K Bank Serving To Empower GOVE NANCE Aiming Beyond the HORIZON TRANSATION COMPLIANCE January 2024#2Disclaimer This presentation has been prepared for informational purpose only by the Jammu and Kashmir Bank Limited (the "Bank"). The Bank, as such, makes no representation or warranty, express or implied, as to, and does not accept any responsibility or liability with respect to, the fairness, accuracy, completeness or correctness of any information or opinions contained herein. This presentation may not be copied, published, distributed or transmitted in any manner. All figures in this presentation, except as otherwise mentioned, are derived from our audited / limited reviewed standalone financial statements. This presentation does not constitute a prospectus, offering circular or offering memorandum and is not an offer or invitation to buy or sell any securities, nor shall part, or all, of this presentation form the basis of, or be relied on in connection with, any contract or investment decision in relation to any securities. Furthermore, this presentation is not an offer of securities for sale in India, the United States or any other jurisdiction. Neither this presentation nor any information thereof nor the fact of its distribution shall form the basis of, or be relied on in connection with, any contract or commitment or investment decision whatsoever. This presentation contains forward-looking statements based on the currently held beliefs and assumptions of the management of the Bank, which are expressed in good faith and, in their opinion, reasonable. Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, financial condition, performance, or achievements of the Bank or industry results, to differ materially from the results, financial condition, performance or achievements expressed or implied by such forward-looking statements. Given these risks, uncertainties and other factors, recipients of this presentation are cautioned not to place any reliance on these forward-looking statements. The Bank disclaims any obligation to update these forward-looking statements to reflect future events or developments. The Bank assumes no responsibility to amend, modify or revise any forward-looking statements, on the basis of any subsequent development, information or events, or otherwise. Unless otherwise stated in this presentation, the information contained herein is based on management information and estimates. The information contained herein is subject to change without notice and past performance is not indicative of future results. The Bank may alter, modify or otherwise change in any manner the content of this presentation, without obligation to notify any person of such revision or changes. J&K Bank Serving To Empower 2#3ZOJILA TUNNEL PROJECT NATIONAL HIGH ISTRY OF ROAD T ୮ J&K Bank Serving To Empower Jammu and Kashmir Bank Limited has strong market presence in the J&K and Ladakh regions 1 | Overview of the Bank#4Jammu and Kashmir Bank Limited - Amongst oldest private sector bank in India • Jammu and Kashmir Bank Limited, was incorporated on October 1, 1938 and today caters to a wide range of customers including retail, corporate, agricultural, and MSME. Total Business (w/o TWO) (crores) 222081 208194 218317 199970 82035 86156 91727 93538 • Widespread Branch Network: 996 Branches, of which 831 are operating in the UT of J&K, 37 in UT of Ladakh and 128 branches across 22 states & UTs outside the UTs of J&K and Ladakh. 117935 122038 126590 128542 . The GoJK is a majority holder, however the Bank enjoys full operational autonomy The Bank has a subsidiary called JKB Financial Services Limited and is also the Sponsor bank of J&K Grameen Bank Limited. • Dec-22 Mar-23 Sep-23 Dec-23 Deposits Gross Advances Total Business 421 The Bank leverages technology to identify opportunities and deliver products and services. 312 476 381 326 Strong market presence and designated as Agency Bank by RBI for conducting government banking in UTS of J&K and Ladakh. Dec 22 (Q) Mar 23 (Q) Jun 23 (Q) PAT ( crore) Sep 23 (Q) Dec 23 (Q) J&K Bank stands as a pillar of support for the local communities while also extending its exceptional services beyond these regions. TWO-Technical Write Off J&K Bank Serving To Empower 4#5Journey of 8 Decades Bank Incorporated and Business Commences ■ Licensed Status Sponsored RRB 1980s 1938-39 J&K Bank Serving To Empower 1970s - Sponsored 2nd RRB Listing on Stock Exchanges 1990s ■ Global CSR Excellence & ☐ Leadership Award Top Banker Award for PMEG 2021-2023 2000s IT Developed to offer Internet Banking ■ Tied up with an MNC for Bancassurance " 2010-2020 IBA's Best Technology Bank of the Year award ■ QIP completed in Apr '22 ■ Total Business Crosses 2 lac crore in Fiscal 2023 ■ Second highest percentage of digital payment transactions for FY22 at the "Digital Payments Utsav" ■ QIP of 750 crores completed in December 2023 5#6Jammu and Kashmir Bank Limited | Interest Earnings and Advances Mix 3500 3000 2,881 2,764 2,657 3.0% 2,512 2.5% 2,441 3.0% 2500 19.6% 3.7% 2.5% 20.2% 21.5% 21.6% 22.3% 2000 1500 77.4% 77.2% 1000 75.6% 76.0% 74.0% 500 Gross Advances Mix - December 31, 2023 68% 32% Corporate Advances Retail Advances Gross Advances Mix - September 30, 2023 35% 65% Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Other Interest Income 60 92 79 70 87 I Interest on Investments 527 560 570 559 565 Interest on Advances 1854 1860 2008 2135 2229 Corporate Advances ■Retail Advances J&K Bank Serving To Empower 9#7ZOJILA TUNNEL PROJECT NATIONAL HIGH ISTRY OF ROAD T ୮ J&K Bank Serving To Empower Decadal High PCR and turnaround on all key metrics over the past few quarters 2 Q3FY24 Performance Snapshot#8Jammu and Kashmir Bank Limited | Q3 FY24 Performance Particulars Q3 FY 2023 Q2 FY 2024 Q3 FY 2024 Change YoY (%) Change QoQ (%) 9 months FY 2023 9 months Change YOY FY 2023 FY 2024 (%) Interest Earned 2,440.82 2,764.15 2,880.96 6,842.99 8,302.19 9,355.11 18.0% 4.2% 21.3% Interest Expended 1,183.44 1,430.32 1,600.52 3,347.26 4,404.62 4,609.83 35.2% 11.9% 31.6% Net Interest Income 1,257.38 1,333.83 1,280.44 3,495.73 3,897.57 4,745.28 1.8% (4.0%) 11.5% Other Income 241.85 190.31 182.34 590.53 600.92 756.81 (24.6%) (4.2%) 1.8% Operating Income 1,499.23 1,524.14 1,462.78 4,086.26 4,498.49 5,502.09 (2.4%) (4.0%) 10.1% Operating Expenses 955.12 989.67 912.24 2,677.37 2,885.43 3,643.60 (4.5%) (7.8%) 7.8% Operating Profit 544.11 534.47 550.54 1,408.89 1,613.06 1,858.49 1.2% 3.0% 14.5% Provisions & Contingencies 27.05 (9.94) (9.42) 249.34 57.37 74.13 (134.8%) (5.2%) (77.0%) Profit Before Tax 517.06 544.41 559.96 1,159.55 1,555.69 1,784.36 8.3% 2.9% 34.2% Provision for Tax 205.47 163.34 138.88 438.50 427.09 586.98 (32.4%) (15.0%) (2.6%) Net Profit/(Loss) 311.59 381.07 421.08 721.05 1,128.60 1,197.38 35.1% 10.5% 56.5% J&K Bank Serving To Empower All figures, other than percentage, in crore 8#9Jammu and Kashmir Bank Limited | Q3 FY24 Performance at a Glance (YoY) Profitability Growth Capital Adequacy Asset Quality NIM 3.83% (was 4.10%) PAT 421.08 crores Up 35.1% RoA 1.15% (was 0.92%) Deposits 1,28,542 crores Up 9.0% Gross Advances 93,538 crores Up 14.0% Total Business (Including TWO) 2,26,385 crores Up 10.6% Tier I 11.74% (was 10.77%) Tier II 2.44% (was 3.05%) CRAR 14.18% (was 13.82%) 1 | 1 GNPA (%) 4.84% (was 7.25%) NNPA (%) 0.83% (was 2.08%) PCR (%) 91.61% (was 84.83%) 1 J&K Bank Serving To Empower TWO-Technical Write Off#10Jammu and Kashmir Bank Limited | Q3 FY24 - Key Financial Ratios Cost of Deposits (%) Cost of Funds (%) 4.82 4.32 4.38 4.01 3.85 4.95 4.55 4.45 4.15 3.97 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Yield on Advances (%) 9.78 9.50 9.34 9.30 9.07 6.25 5.92 Yield on Investments (%) 6.73 6.68 6.64 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 J&K Bank Serving To Empower 10#11Jammu and Kashmir Bank Limited | Q3 FY24 - Key Financial Ratios Return on Assets (%) Return on Average Networth (%) 1.37 1.08 1.15 16.11 0.94 Mar-23 Jun-23 Sep-23 Earnings Per Share (Rs.) 19.64 12.96 Dec-22 J&K Bank Serving To Empower 23.01 16.59 16.89 14.79 Dec-23 Dec-22 Mar-23 Jun-23 16.13 14.78 12.66 Sep-23 Dec-23 Book Value Per Share (Rs.) 87.7 83.93 82.12 80.7 95.86 Mar-23 Jun-23 Sep-23 Dec-23 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 11#12ZOJILA TUNNEL PROJECT NATIONAL HIGH ISTRY OF ROAD T 3 | Key Strengths ୮ J&K Bank Serving To Empower Strong legacy, loyal customer base and an established brand with over 85 years of operations#13Key Strengths of the Bank J&K Bank Serving To Empower 1 Strong legacy, loyal customer base and an established brand with over 85 years of operations 2 Strong presence in fast growing region of J&K and increasing presence in other strategic regions 3 Healthy mix of retail in overall advances mix with focus on MSME and agriculture segment 4 Consistently growing deposit base with best in class low-cost retail CASA 5 Turnaround Story with increasing PCR and improvement in asset quality 6 Fast improving digital presence 7 Professionally managed Bank with experienced senior management team and board of directors J&K Bank Serving To Empower 13#14Strong presence in J&K Region and increasing presence across India J&K Bank Serving To Empower Rest of India, 27.9%, 831 Branches in J&K Urban, 11%, Semi Urban, 1414 ATMs 16%, Branch Distribution Network Rural, 55%, 22 States / UTS Metro, 18%, Gross Advances J&K and Ladakh, 72.1%, Rest of India, 10.7%, Total Deposits J&K and Ladakh, 89.3%, The J&K and Ladakh growth story continues with major infrastructure under implementation and some strategic ones nearing completion that will drive growth for J&K Bank in the near future All data provided herein pertains to the period ended/as at December 31, 2023 14#15Fast improving digital presence Credit Card Users 102546 86286 78050 108164 113166 Debit Card Users (In Lacs) 41.65 41.11 39.67 38.58 37.51 DEC-22 MAR-23 JUN-23 SEP-23 DEC-23 DEC-22 MAR-23 JUN-23 SEP-23 DEC-23 Internet Banking Users (In Lacs) 6.55 6.37 Mobile Banking Users (In Lacs) 21.45 21.7 20.3 19.59 5.6 5.69 5.48 18.46 1 DEC-22 MAR-23 JUN-23 SEP-23 DEC-23 DEC-22 MAR-23 JUN-23 SEP-23 DEC-23 J&K Bank Serving To Empower 15#16Professionally managed Bank with experienced SMPs and Board Of Directors J&K Bank Serving To Empower MR. BALDEV PRAKASH (MD & CEO) •Over three decades with the country's largest bank •Multiple degrees and diplomas offered by the CAIIB, Diploma in Treasury, Investment and Risk Management, Diploma in International Banking and Finance DR. PAWAN KOTWAL, IAS •Presently posted as Advisor to Lieutenant Governor, UT of Ladakh (1994 IAS) •Wealth of Administrative acumen and proficiency having previously served as Principal Secretary various ministries including P&M Dept. in UT of Ladakh. MR. SANTOSH DATTATRAYA VAIDYA, IAS Presently posted as Principal Secretary Finance, UT of J&K 1998 AGMUT •B-tech from IIT-Kharagpur PG(Econ) (IGNOU) and Masters in Public Policy from Johns Hopkins University, United States. DR. MANDEEP K BHANDARI, IAS •MBBS with Gold Medal, administrative and professional expertise of >20 years •Principal Secretary to Hon'ble Lieutenant Governor of UT of J&K and is also holding charge of CEO Amarnathji Shrine Board MR. NABA KISHORE SAHOO •Nearly 4 decades of experience and risen through the ranks •Very rich and diverse experience in banking industry with expertise in Credit, Risk Management & HR. MR. UMESH CHANDRA PANDEY •Nearly 4 decades of experience as a Chartered Accountant •Strong Competencies in Corporate Law, Taxation, Project Report, M & A Transactions, Statutory Compliance Audit - Direct Tax/ Indirect Tax & Labor Laws MR. ANIL KUMAR GOEL ⚫Qualified Arbitrator & Mediator, Information Systems Auditor (DISA), Forensic Auditor & Fraud Detector (FAFD) •34 years expertise in Corporate & Tax Laws, Consultancy, Statutory Audits MR. ANAND KUMAR ⚫(IT) specialist who has experience of more than three decades in IT development and management and is a BE(IT) from IIT and a PGDM from IIM-L. •Worked at multiple MNCs and large groups: Citigroup, HSBC, Barclays, Fiserv, etc. MR. R. K. CHHIBBER •Over three decades of banking experience, his areas of expertise include Credit, Finance, IT, Corporate & Retail Banking, Risk management, Trade Finance, Foreign exchange, Business continuity planning, HR, Bancassurance MR. SUDHIR GUPTA •Over three decades of experience in different capacities across the operational topography of the Bank with expertise in Credit, Finance, Corporate & Retail Banking, Customer Service, Trade Finance, Foreign exchange, BCP etc. DR. RAJEEV LOCHAN BISHNOI •Credit specialist and advises corporates and banks on balance sheet stress, risk processes and improving the overall financial health of the enterprise. •Partner in Chartered Accountancy firm M/S Jain & Malhotra, New Delhi. MS. SHAHLA AYOUB •Works as an Assistance Professor in the DHE, J&K and brings to Board an affluence of Economic expertise and perspicacity and has strong interests in Conflict Economics, Financial Inclusion and Developmental Economics. 16#17ZOJILA TUNNEL PROJECT NATIONAL HIGH ISTRY OF ROAD T 4 | Key Strategies ୮ J&K Bank Serving To Empower Strong Focus on Growth with Six Key Building Blocks#18Key Strategies Emphasis on retail, agriculture and MSME segment Focus on improving asset quality and maintaining NPA levels and avoiding slippages Increase CASA Deposit Base and reduce cost of funds Continue our investments in technology to support our digital banking and reduce the cost Expand beyond Jammu and Kashmir and Increase customer penetration through expansion of branch and ATM network Focus on increasing Non-interest income through interventions in Treasury and Financial Services J&K Bank Serving To Empower 18#19ZOJILA TUNNEL PROJECT NATIONAL HIGH ISTRY OF ROAD T ୮ 5 | Financial Performance J&K Bank Serving To Empower J&K Bank has demonstrated improvements on several of its Key Performance Indicators#20Condensed Profit and Loss Account Particulars Q3 FY 2023 Q2 FY 2024 Q3 FY 2024 9 months FY 2023 9 months FY 2024 Interest Earned 2,440.82 2,764.15 2,880.96 6,842.99 8,302.19 Interest Expended 1,183.44 1,430.32 1,600.52 3,347.26 4,404.62 Net Interest Income 1,257.38 1,333.83 1,280.44 3,495.73 3,897.57 Other Income 241.85 190.31 182.34 590.53 600.92 Operating Income 1,499.23 1,524.14 1,462.78 4,086.26 4,498.49 Operating Expenses 955.12 989.67 912.24 2,677.37 2,885.43 Operating Profit 544.11 534.47 550.54 1,408.89 1,613.06 Provisions & Contingencies 27.05 (9.94) (9.42) 249.34 57.37 Profit Before Tax Provision for Tax 517.06 544.41 559.96 1,159.55 1,555.69 205.47 163.34 138.88 438.50 427.09 Net Profit/ (Loss) 311.59 381.07 421.08 721.05 1,128.60 All figures, other than percentage, in crore J&K Bank Serving To Empower 20 20#21Condensed Balance Sheet Particulars Capital & Liabilities Capital Reserves and Surplus Deposits Borrowings Other Liabilities and Provisions Total Assets Dec 31, 2022 Sep 30, 2023 Dec 31, 2023 96.16 8,732.06 103.16 10,547.60 110.13 11,705.71 1,17,935.47 1,26,589.73 1,28,542.47 3,274.19 3,901.52 3,782.77 2,886.08 4,596.13 5,294.89 1,33,939.40 1,45,619.39 1,48,539.28 Cash and Balance with Reserve Bank of India 5,924.44 7,129.54 6,863.78 Balance with Banks & Money at Call & Short Notice 497.07 315.81 105.57 Investments 33,473.35 32,642.62 31,575.94 Advances Fixed Assets Other Assets Total 77,638.91 87,817.84 89,752.36 1,941.21 2,274.13 2,262.54 14,464.42 15,439.46 17,979.09 1,33,939.40 1,45,619.39 1,48,539.28 All figures, other than percentage, in crore J&K Bank Serving To Empower 21 221#22Turnaround Story with Decadal High PCR and improvement in asset quality Gross & Net NPA (%) Provision Coverage Ratio (%) 7.25 91.61 6.04 5.77 89.99 5.26 4.84 87.55 GNPA 86.20 -NNPA 84.83 2.08 1.62 1.39 1.04 0.83 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 13.60 5.23 Gross Slippage Ratio (%) Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 CREDIT COST (%) 0.26 1.40 1.11 1.37 0 0 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 DEC-22 MAR-23 JUN-23 SEP-23 DEC-23 J&K Bank Serving To Empower 222#23Interest Expenditure and Operating Expenditure 1800 1200 1,601 1600 5.1% 990 1000 984 1,430 955 966 1,374 912 1400 6.2% 1,263 5.5% 24.7% 25.4% 25.7% 27.1% 1,183 5.8% 1200 800 30.4% 5.6% 1000 600 800 94.9% 93.8% 94.5% 600 94.2% 400 94.4% 75.3% 74.6% 74.3% 72.9% 69.6% 400 200 200 0 Dec- Mar- Dec- Mar- Jun-23 Sep-23 Dec-22 Jun-23 Sep-23 Dec-23 22 23 23 23 Other Interest Expenses 66 73 76 89 81 Other Operating Expenses 236 245 253 268 277 Interest on Deposits 1117 1190 1298 1341 1519 Staff Expenses 719 721 731 722 635 J&K Bank Serving To Empower 23#24Q3 FY 2023 Q2 FY 2024 Q3 FY 2024 9 months FY 2023 9 months FY 2024 Key Ratios and Performance Indicators Particulars Profitability Net Interest Margin (%) Operating Profit ( crore) Profit after Tax (* crore) Return on Assets (%) 4.10 4.07 3.83 3.86 3.97 544.11 534.47 550.54 1,408.89 1,613.06 311.59 381.07 421.08 721.05 1,128.60 0.92 1.08 1.15 0.72 1.06 Capital Adequacy Tier I Capital (%) 10.77 11.68 11.74 10.77 11.74 Tier II Capital (%) 3.05 2.85 2.44 3.05 2.44 CRAR (%) 13.82 14.53 14.18 13.82 14.18 Asset Quality Gross NPA (%) 7.25 5.26 4.84 7.25 4.84 Net NPA (%) 2.08 1.04 0.83 2.08 0.83 Provision Coverage Ratio (%) 84.83 89.99 91.61 84.83 91.61 Return Ratios Yield on Advances (%) 9.34 9.50 9.78 8.83 9.54 Cost of Funds (%) 3.97 4.55 4.95 3.83 4.65 Cost of Deposits (%) 3.85 4.38 4.82 3.71 4.51 J&K Bank Serving To Empower 24 24#25| Capital Adequacy Ratios Particulars Risk Weighted Assets Credit Risk Market Risk Dec 2022 Sep 2023 Dec 2023 Capital Adequacy Ratio 15.38 66,308 71,206 80,159 14.83 14.53 14.18 13.82 1,589 1,285 1,165 O Operational Risk 8,155 8,896 8,896 Total Risk Weighted Average 76,052 81,387 90,220 12.34 11.87 11.68 11.74 10.77 Tier I Capital Funds 8,190 9,508 10,589 Tier II Capital Funds 2,317 2,321 2,200 Total Capital Funds 10,507 11,828 12,789 3.05 3.04 2.96 2.85 2.44 Tier I Capital CET - I Tier II Capital CRAR All figures, other than percentage, in crore J&K Bank Serving To Empower 10.77% 11.68% 11.74% 9.45% 10.45% 10.63% Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 3.05% 2.85% 2.44% 13.82% --Tier I Capital -Tier II Capital CRAR 14.53% 14.18% 25 25#26| Asset Quality | Categories of Advances December 31, 2022 Category Amount % of Gross Advances December 31, 2023 Amount % of Gross Advances 95.16 Standard 76,089 Sub-Standard Doubtful 882 92.75 1.08 89,012 498 0.53 3,857 4.70 3,160 3.38 Loss Gross Advances 1,207 1.47 868 0.93 82,035 100.00 93,538 100.00 % of Standard Special Mention Accounts Amount Amount % of Standard Advances Advances SMA O 13,805 18.14 17,319 19.46 SMA 1 5,071 6.66 3,614 4.06 SMA 2 2,592 3.41 2,252 2.53 Total SMA 21,468 28.21 23,185 26.05 All figures in crore except in percentage J&K Bank Serving To Empower 26 26#27Asset Quality | Movement of Gross NPAs Particulars At a Gross NPA Level Q3 FY 2023 Q2 FY 2024 Q3 FY 2024 9 months FY 2023 9 months FY 2024 Opening Balance 6,065 5,104 4,827 6,521 5,204 Additions during the period 2,484 225 278 6,451 787 Upgradations during the period 2,201 235 275 5,607 733 Write off (including TWO) 124 3 3 539 9 Compromise/Settlements Recoveries 16 9 34 213 51 262 255 266 667 672 Gross NPA 5,946 4,827 4,526 5,946 4,526 Less Provisioning 4,332 3,910 3,785 4,332 3,785 Net NPA 1,614 917 741 1,614 741 All figures in crore J&K Bank Serving To Empower 27#28Sector-Wise Credit Deployment and NPA (As of Dec 31, 2023) Sector Gross Advances Exposure (%) Gross NPA GNPA (%) Personal Finance Trade 36,042 39 312.71 0.87 11,597 12 883.54 7.62 Agriculture Services Manufacturing Infrastructure 8,534 9 538.03 6.30 8,617 9 863.57 10.02 7,417 8 829.51 11.18 6,403 7 277.88 4.34 Financial Markets 11,340 12 625.23 5.51 Real Estate 1,311 1 184.29 14.06 Against Cash Collaterals 1,506 2 0.79 0.05 Others 770 1 10.92 1.42 Total 93,538 100 4,526.48 4.84 J&K Bank Serving To Empower All figures, other than percentage, in crore 28#29ZOJILA TUNNEL PROJECT NATIONAL HIGH ISTRY OF ROAD T 6 | Annexures J&K Bank Serving To Empower#30Gross Advances Mix Personal Finance Trade & Services Manufacturing Financial Markets Agriculture Others 10.7% 11.5% 11.4% 11.6% 11.8% 9.1% 9.7% 10.9% 11.0% 11.2% 12.1% 10.7% 10.2% 10.9% 6.9% 8.1% 7.9% 10.2% 9.0% 8.2% 22.0% 21.6% 22.3% 20.9% 21.3% 37.6% 37.2% 37.4% 37.9% 38.5% Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Others 9713 9997 10069 10588 9991 Agriculture 9161 9475 9615 8921 8534 I Financial Markets 5657 8778 9628 9783 11340 Manufacturing 8391 7789 7220 7410 7417 Trade & Services 18296 18043 18794 20218 20214 Personal Finance 30817 32074 33076 34807 36042 J&K Bank Serving To Empower 30 30#31Consistently growing deposit base with best-in-class low-cost retail CASA 1,17,935 1,22,038 1,26,590 1,21,297 1,28,542 46.3% 45.9% 46.7% 49.4% 49.4% 42.9% 42.6% 42.6% 40.4% 40.1% 10.8% 11.5% 10.7% 10.2% 10.5% Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Term Deposits 54596 56020 56652 62520 63507 I Savings Deposits 50644 52025 51622 51198 51585 Current Deposits 12695 13993 13024 12871 13450 53.71% 54.10% CASA Ratio 53.29% 50.61% 50.59% CD Ratio 69.37% 69.82% 69.64% 67.43% 65.83% Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 J&K Bank Serving To Empower 31#32Investments Profile 40000 34,829 35000 33,473 33,160 32,643 31,576 30000 25000 77.0% 76.8% 75.1% 20000 85.6% 86.5% 2.19 2.26 15000 10000 2.92 3.21 3.44 5000 23.2% 23.0% 24.9% 14.3% 13.4% 0 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 HTM 25698 26801 24918 27958 27312 Duration of Investments AFS 7774 8027 8241 4677 4233 HFT 1 1 1 8 31 Dec-22 Mar-23 (In years) Jun-23 Sep-23 J&K Bank Serving To Empower Dec-23#33Asset Quality | External Rating of Corporate Advances (As of Dec 31, 2023) AAA AA-, AA & AA+ A-, A & A+ BBB-, BBB & BBB+ BB+ & Below Rating No. of Borrowers 22 Outstanding Amount 12,579 Percentage (%) 55.19 15 3,291 14.44 17 1,870 8.20 23 1,608 7.05 133 2,012 8.83 Unrated Borrowers (Due to be rated) 55 1,434 6.29 Total Eligible for Rating 265 22,794 100.00 All figures, other than percentage, in crore J&K Bank Serving To Empower 33#34Asset Quality | Restructuring of Advances (as of December 31, 2023) Standard NPA Total Sector BOS Provisions BOS Provisions BOS Provisions Services 337.59 19.26 173.11 152.06 510.69 171.32 Infrastructure 24.80 2.12 44.93 37.89 69.73 40.01 Manufacturing 277.79 17.94 300.79 216.16 578.57 234.10 Trade 75.45 6.04 259.41 236.33 334.86 242.37 Real Estate 107.45 7.74 156.47 156.47 263.93 164.21 Agriculture 81.81 7.33 135.84 112.48 217.65 119.81 Personal Finance 66.04 6.03 17.99 9.45 84.02 15.47 Others 0.00 0.00 2.44 2.44 2.44 2.44 Total 970.93 66.45 1,090.98 923.27 2,061.90 989.73 All figures in crore J&K Bank Serving To Empower 34#35J&K Bank Serving To Empower Awards and Accolades Award for Promoting Digital Payments Special Cyber Security Award 2022 on Access and Identity Management for its Privilege and Customer Authentication Framework in July 2022. J&K Bank MD Baldev Prakash honoured with prestigious Times Now India's Impactful CEO 2023 Award CSO 100 Award - 2022 in July 2022 Development Leadership Award 2023 at 14th Agriculture Leadership Conclave 2023 Ranked No. 1 for implementing PMEGP in Northern India in February 2022 Best Digital Financial Inclusion Initiatives' Award 2020-21 in February 2022. Second 'Utkarsh Puraskar' of DigiDhan Award 2020-21 for highest percentage of digital payment transactions on in December, 2021 Best Employer Brand Award 2021 in December 2021 35 55#36Shareholding Information No. of Shares held No. of Shares % to Particulars as on Capital Dec 31, 2023 held as on Dec 31, 2022 % to Change Capital YOY Shareholding Pattern as on Dec 31, 2023 65,40,98,280 PROMOTERS 59.40 65,40,98,280 68.03 (863 bps) 2.53% 5.02% 5.12% RESIDENT INDIVIDUALS 24,36,04,004 22.12 21,24,38,008 22.09 3 bps 5.81%. FII / FPI 6,39,63,221 5.81 1,88,57,096 1.96 385 bps 59.40% INDIAN MUTUAL FUNDS 5,52,86,219 5.02 66,16,000 0.69 433 bps 22.12% INDIAN FINANCIAL 2,79,74,690 2.54 1,46,93,865 1.53 101 bps INSTITUTIONS 2,78,58,261 2.53 BODIES CORPORATES 1,81,48,846 1.89 64 bps NON RESIDENT INDIANS 2,02,58,927 1.84 1,66,71,338 1.73 11 bps Others (AIF/IEPF / Trusts) 78,02,208 0.71 1,80,68,829 1.88 (117 bps) ■ Promoters CLEARING MEMBERS 3,36,653 0.03 18,87,599 0.20 (17 bps) ■ FII/FPI Total 1,10,11,82,463 100% 96,14,79,861 100% ■Resident Individuals Body Corporates ■Indian Mutual Funds Others J&K Bank Serving To Empower 36#37J&K Bank Serving To Empower Thank You. GOVE NANCE Aiming Beyond the HORIZON TRANSATION COMPLIANCE 37