Srinagar: J&K Bank recently reported a record-breaking profit of Rs. 1,767.27 crore for FY 2024. However, a closer look at the bank’s financials reveals some underlying issues. Headline growth masks cost pressures: While J&K Bank achieved double-digit growth in both loans and deposits, a significant rise in interest expenses (30% YoY) outpaced the growth in interest income (20% YoY), resulting in a muted increase in net interest income (10% YoY). This squeeze on margins raises concerns about the bank’s profitability in the future, especially in a rising interest rate environment. Asset quality…