Focus on agri, retail loans drives J&Okay Bank’s revenue progress, says MD Amitava Chatterjee

J&Okay Bank on Friday (July 25, 2025) mentioned its revenue after tax at ₹484.84 crore within the April-June interval of FY26 was the highest-ever in a primary quarter thus far. The newest Q1 revenue was 16.7 per cent larger towards ₹415.49 crore recorded within the corresponding quarter a yr in the past.

Mr. Chatterjee additional mentioned the financial institution would have posted its highest-ever revenue for 1 / 4, had it not put aside ₹87 crore in the direction of funding within the RRB, which was necessitated as a result of amalgamation of Ellaquai Dehati Bank within the Union Territory into Jammu and Kashmir Grameen Bank.

“There has been a total transformation in the way the bank has put up a product. We were almost totally dependent on Kissan Credit Cards. Now we have introduced an all-purpose term loan for agriculture that creates an investment credit. The agri sector has already seen a growth of ₹1,500 crore this quarter,” Mr. Chatterjee advised PTI in an interview.

The MD mentioned the financial institution has set a goal of ₹5,000 crore mortgage within the agriculture sector this fiscal and he hopes to cross that mark with a lot ease.

“Our target is to have ₹5,000 crore this year but as I look at it, it should be much more than that. The way it has been accepted, and the offtake, I would expect it to be more than ₹5,000 crore,” he added.

Mr. Chatterjee mentioned the agri mortgage product launched by the financial institution proper to start with of the monetary yr has been a significant success.

“The offtake has been so good. I would say that it has beaten other banks, the big banks also. I have seen big banks not having that kind of growth in the agri sector, the kind of growth that we have had,” he mentioned.

‘Phenomenal enchancment in retail loal enterprise’

Mr. Chatterjee mentioned the financial institution’s retail mortgage enterprise in remainder of India has witnessed phenomenal enchancment after the lender focussed on increasing its key merchandise there.

“It (expansion) has gone very well in the rest of India, especially the retail products. The growth has been phenomenal, it is 50 to 75 per cent improvement over last year. It was just a matter of identifying a few products since in the rest of India, you compete with all the other banks,” he mentioned.

Mr. Chatterjee mentioned the financial institution shall be very selective on the merchandise and concentrate on these which have a common acceptance like dwelling loans and auto loans.

He mentioned whereas the retail section has proven optimistic outcomes, the financial institution has shed its publicity to the company sector.

“Retail has had very good growth this quarter. The corporate has not, because we generally lend to large corporates and they are very very competitive in nature. Consciously, we have shed a bit of it,” he mentioned.

The J&Okay Bank MD mentioned over the last quarter of the earlier monetary yr, he had little or no time to work on inside processes, however the measures taken within the current previous would result in higher enterprise progress.

“We have started it from the first quarter and it went mostly on correcting the processes which will lead to better business growth. For example, we are creating centralised processing sales for corporate, SME as well as agri,” he added.