The project aims to modernize and integrate the bank’s core financial and operational processes.

The scope of work includes standardizing and automating business operations, ensuring a single source of truth for organizational data, strengthening decision-making with real-time reporting and analytics, adhering to statutory and regulatory requirements, and supporting future growth through a scalable and flexible system architecture. The project also involves knowledge transfer and capacity building for post-implementation management.

The contract has been awarded to a domestic entity and is scheduled to be executed over a five-year period. Dynacons added that neither the promoter nor promoter group has any interest in the bank, and the transaction does not constitute a related-party deal.

Dynacons Systems & Solutions provides IT infrastructure solutions. The company provides services nation wide. The company’s consolidated net profit jumped 28% to Rs 23.48 crore on 9.5% increase in revenue from operations to Rs 340.59 crore in Q3 FY26 over Q3 FY25.

J&K Bank offers banking services under the three major divisions as support services, depository services, and third-party services. The bank reported a 10.4% jump in net profit to Rs 586.73 crore on a 4.2% rise in total income to Rs 3,592.90 crore in Q3 FY26 over Q3 FY25. The scrip rose 0.67% to Rs 116.58 on the BSE.