NSE: J&KBANK · 6 November 2026
- Jammu & Kashmir Bank Ltd. dropped 0.82% on November 6, 2026, closing at Rs 123.11 after moving between a day's high of Rs 123.98 and a low of Rs 121.55.
- The Central Board of Indirect Taxes and Customs issued a circular clarifying that notional interest recorded under internal Fund Transfer Pricing mechanisms in banks is covered under the definition of interest for GST exemption. Jammu & Kashmir Bank had previously challenged two significant GST demand orders before the High Court of Jammu & Kashmir and Ladakh. The bank stated it intends to pursue quashing of these demands in light of this regulatory clarification.
- Trading volume was 0.49 times the 20-day average daily volume.
Why is Jammu & Kashmir Bank share price falling on 6 November 2026?
Jammu & Kashmir Bank Ltd. dropped 0.82% on November 6, 2026, closing at Rs 123.11 after moving between a day's high of Rs 123.98 and a low of Rs 121.55.
The broader market saw strong positive momentum, with the Nifty advancing 2.01%, reflecting divergence as the stock pulled back despite broader benchmark gains. The stock's recent 20-day return stands at -9.14%, contrasting with a positive 5-day return of 5.05%.
While no single same-day catalyst drove today's dip, the stock continues to digest recent financial announcements and regulatory updates from late October, including the CBIC circular clarifying GST exemption on Fund Transfer Pricing mechanisms.
18.68 lakh shares traded by 6 November 2026 · 03:30 PM IST. This compares with a 20-day average daily volume of 37.94 lakh shares (0.49 times). The five-day average daily volume was 20.49 lakh shares. Separately, the NSE report for 6 November 2026 showed 9.58 lakh shares delivered, representing 51.29% of that day’s traded volume. The same report recorded 27,505 trades.
The stock retreated slightly following its recent 5-day recovery of 5.05%, moving counter to the broader Nifty gain of 2.01%. Volume remained subdued at 0.49 times the 20-day average, indicating routine consolidation rather than news-driven selling.
Latest Company Developments
The Central Board of Indirect Taxes and Customs issued a circular clarifying that notional interest recorded under internal Fund Transfer Pricing mechanisms in banks is covered under the definition of interest for GST exemption. Jammu & Kashmir Bank had previously challenged two significant GST demand orders before the High Court of Jammu & Kashmir and Ladakh. The bank stated it intends to pursue quashing of these demands in light of this regulatory clarification.
It validates the bank's long-standing accounting stance and provides a clear pathway to address pending GST liabilities running into thousands of crores.
The bank reported its financial results for the quarter ended September 30, 2026, posting a net profit of Rs 546.36 crore, up 28.8% sequentially and 10.6% year-on-year. Total business grew 19.38% year-on-year to Rs 3,10,347 crore, supported by advances growing 23.72% to Rs 1,33,551 crore. Gross NPA declined to a decadal best of 2.23% with a provision coverage ratio of 91.76%.
Demonstrates sustained operational expansion alongside multi-year improvements in core asset quality metrics and profitability.
a press release dated October 22, 2026, titled "PRESS RELEASE ON REVIEWED FINANCIAL RESULTS OF THE BANK FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER, 2026".
Ownership & Transaction Activity
Mutual Fund Holdings
Mutual funds held 6.35% on 30 September 2026. This compares with 6.36% on 30 June 2026, a change of -0.01 percentage points.
The filing reported 21 MF/UTI holders.
What to Watch Next
- Progress on the quashing of GST demand orders following the CBIC circular
- Delivery volume trends relative to the 51.29% delivery rate recorded today
- Sustained momentum in retail, agriculture, and MSME credit growth
- Execution progress towards the Vision 2030 business target of Rs 5 lakh crore
Other Dated Coverage
More Jammu & Kashmir Bank news and dated analysis →
Frequently Asked Questions
What is the latest Jammu & Kashmir Bank company news?
The Central Board of Indirect Taxes and Customs issued a circular clarifying that notional interest recorded under internal Fund Transfer Pricing mechanisms in banks is covered under the definition of interest for GST exemption. Jammu & Kashmir Bank had previously challenged two significant GST demand orders before the High Court of Jammu & Kashmir and Ladakh. The bank stated it intends to pursue quashing of these demands in light of this regulatory clarification.
How strong was Jammu & Kashmir Bank’s trading volume?
18.68 lakh shares traded, 0.49 times the 20-day average daily volume. The price and volume data are dated 6 November 2026 · 03:30 PM IST.
Do the mutual-fund figures show buying today?
They show holdings on 30 September 2026. Quarterly holdings do not identify purchases made on the article date.
Research & analysis: WittyTrades Research Desk
Reviewed by: Mohanish Sanghavi — SEBI Registered Research Analyst
Disclaimer: Investments in securities markets are subject to market risks. Registration with SEBI and NISM certification do not guarantee performance or returns. This article is for information and education, not personalised investment advice or a recommendation to buy, sell or hold.