Industry group raises concerns over JK Bank’s reliance on non-core income
The Federation of Chambers of Industries Kashmir (FCIK) has expressed serious concerns about the long-term financial health of Jammu Kashmir Bank, citing its growing dependence on non-core income for profits.
During a meeting at the FCIK headquarters, senior members and the Advisory Committee reviewed the bank's latest financial reports and flagged issues that could undermine its stability in a volatile economic climate.
The FCIK emphasized that while J&K Bank has reported significant financial gains, much of this success is tied to non-core income sources, such as trading and asset recoveries.
The chamber pointed out that such gains, particularly from settling Non-Performing Assets (NPAs), lack the stability required for sustainable growth.
"Over-reliance on non-core incom...