• Asset quality targets: Gross NPAs declined to 2.50% following ₹500 crore in net cash recoveries during the year, with management aiming to reduce GNPA to around 2% and net NPA below 0.5% by the end of the fiscal year.
• Branch network expansion: The bank operates 1,017 branches and plans to open 20 to 25 branches annually in J&K alongside 50 branches in the rest of India over the medium term to eventually reach a 50-50 business split.
• Capital raising plans: The board has approved raising ₹1,250 crore over the next two quarters through Tier 2 debt and a QIP to fund credit growth and meet upcoming expected credit loss (ECL) provisions.
• Lending and digital strategy: Digital transactions exceed 93%, with future credit expansion focused on retail lending, local MSMEs, and hydroelectric projects in J&K, alongside AAA-rated PSUs and NBFCs across the rest of India.