NSE: J&KBANK · 11 November 2026
- Jammu & Kashmir Bank Ltd. shares gained 2.10% today, trading near the upper end of their intraday range between 131.24 and 133.44 after opening at 132.81.
- The Central Board of Indirect Taxes and Customs issued a circular clarifying that notional interest recorded under internal Fund Transfer Pricing mechanisms is covered by the definition of interest for GST exemption under Notification No. 12/2017-Central Tax (Rate). Jammu & Kashmir Bank stated it will pursue the quashing of earlier GST demand orders totaling over Rs 8,330 crore in light of this regulatory validation.
- Trading volume was 0.41 times the 20-day average daily volume.
Why is Jammu & Kashmir Bank share price rising on 11 November 2026?
Jammu & Kashmir Bank Ltd. shares gained 2.10% today, trading near the upper end of their intraday range between 131.24 and 133.44 after opening at 132.81.
The broader market advanced as the Nifty benchmark rose 1.23%, providing a supportive backdrop for equities. The counter built upon its recent recovery trajectory, supported by a 5.76% return in the prior trading session and a 10.02% gain over the past 5 trading days.
While no single immediate announcement was released today, the stock continues to digest recent fundamental updates, including the Central Board of Indirect Taxes and Customs circular clarifying the GST exemption on Fund Transfer Pricing mechanisms, alongside healthy second-quarter earnings reported on October 22, 2026, where net profit rose 28.80% quarter-on-quarter to Rs 546.36 crore.
15.99 lakh shares traded by 11 November 2026 · 10:30 AM IST. This compares with a 20-day average daily volume of 39.15 lakh shares (0.41 times). The five-day average daily volume was 26.91 lakh shares. Separately, the NSE report for 9 November 2026 showed 18.70 lakh shares delivered, representing 42.41% of that day’s traded volume. The same report recorded 36,088 trades.
The stock's upward movement reflects sustained positive sentiment from robust second-quarter earnings and the favorable GST circular on internal Fund Transfer Pricing, aided by broader market tailwinds.
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 is covered by the definition of interest for GST exemption under Notification No. 12/2017-Central Tax (Rate). Jammu & Kashmir Bank stated it will pursue the quashing of earlier GST demand orders totaling over Rs 8,330 crore in light of this regulatory validation.
It provides regulatory backing for the bank's long-standing accounting stance on internal fund transfers, potentially removing substantial contingent tax liabilities.
Jammu & Kashmir Bank reported a 28.80% quarter-on-quarter and 10.60% year-on-year increase in net profit to Rs 546.36 crore for the quarter ended September 30, 2026. Total business grew 19.38% year-on-year to Rs 3,10,347 crore, accompanied by decadal best asset quality metrics with a gross NPA ratio of 2.23% and a net NPA ratio of 0.51%.
Demonstrates robust core operational expansion, stronger earnings momentum, and substantial asset quality cleanup.
The Government of Union Territory of Jammu and Kashmir, the promoter and majority shareholder, confirmed via regulatory filing that no shares of the bank were encumbered or pledged as of March 31, 2026.
Provides absolute transparency on promoter shareholding encumbrance, ensuring zero pledge risk for investors.
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 formal quashing of GST demand orders following the CBIC circular
- Sustained credit growth toward the Vision 2030 target of Rs 5 lakh crore total business
- Movement in delivery percentage relative to the current 42.41% level
- Asset quality trends and maintenance of gross NPA below the 2.23% threshold
Other Dated Coverage
- Jammu & Kashmir Bank Share Price Today: Why J&KBANK Is Falling 0.82% | 6 November 2026 — 6 November 2026
- Jammu & Kashmir Bank Share Price Today: Falls 13.48% in 2 Trading Sessions | 26 October 2026 — 26 October 2026
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 is covered by the definition of interest for GST exemption under Notification No. 12/2017-Central Tax (Rate). Jammu & Kashmir Bank stated it will pursue the quashing of earlier GST demand orders totaling over Rs 8,330 crore in light of this regulatory validation.
How strong was Jammu & Kashmir Bank’s trading volume?
15.99 lakh shares traded, 0.41 times the 20-day average daily volume. The price and volume data are dated 11 November 2026 · 10:30 AM 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.