---

Bengaluru, February 22, 2024: – The Board of Directors of Jana Small Finance Bank Limited at its meeting today, approved the unaudited financial results for the third quarter and nine months ending December 31, 2023.

Key Highlights for Q3FY24

• Net Interest Income has grown to ₹1,536 crore in 9MFY24 vs ₹1,193 crore in 9MFY23, up by 28.8% YoY
• Loan AUM stands at ₹23,610 crore, growing by 28.4% YoY
• Affordable Housing book grew more than 61.0% YoY
• Micro LAP loan book grew by 49.0% YoY
• Two-wheeler book has increased by 98.9% YoY
• Unsecured book grew by 14.7% YoY
• Secured book grew by 39.7% YoY
• Total Deposits stands at ₹ 20,785 crore, growing by 36.5% YoY
• CASA deposits are at ₹ 3,899 crore increased by 22.3% YoY
• CASA ratio stands at 19% as at December-2023
• Profit after tax (PAT) stood at ₹ 348 crore in 9MFY24 as compared to ₹ 175 crore in 9MFY23, registering a growth of 99% YoY
• GNPA* improved to 2.1% as of December 31, 2023, as against 5.8% as of December 31, 2022
• PCR at 67.9% as of December 31, 2023
• NIM% improved to 7.9% in 9MFY24 as against 7.7% in 9MFY23
• ROA & ROE (annualized) for 9MFY24 stands at 1.7% and 20.2% respectively

On 14th February 2024, Jana Small Finance Bank Ltd got listed on the NSE and BSE.
Commenting on the performance, Mr. Ajay Kanwal, MD and CEO, Jana Small Finance Bank said:“Today, we announce our first quarterly results as a listed entity, marking a new milestone in the journey of our scheduled commercial bank. Our growth reflects the huge potential afforded by the underserved middle India with strong acceptance of our products and services by customers and MSMEs. Our continued focus on robust risk management, digital and customer service has helped us tremendously in this journey”.



Highlights for the 9 Months period ended Dec 31, 2023:

Particulars (in ₹ Crs)	For 9 Month period
	9M FY24	9M FY23
Net Interest Income	1,536	1,193
Non-Interest Income	491	464
Total Income	2,027	1,656
Opex	1,175	937
Operating Profit	851	720
Provision (Other than Taxes)	504	545
PBT	348	175
PAT	348	175

Key Ratios Highlights:

Particulars (in ₹ Crs)	For 9 Month period
	9M FY24	9M FY23
CASA to Total Deposit	18.8%	20.9%
Net Interest Margin (Annualised)	7.9%	7.7%
Cost to Income Ratio	58.0%	56.5%
Return on Average Assets (Annualised)	1.7%	1.1%
Return on Average Equity (Annualised)	20.2%	15.8%
Capital Adequacy Ratio (CAR)	16.3%	15.8%
Gross NPA (%)*	2.1%	5.8%
Net NPA (%)*	0.7%	3.2%

*Advance for the purpose of GNPA/NNPA calculation includes Securitization book

About Jana Small Finance Bank:

Jana Small Finance Bank, a scheduled commercial bank, is the 4th largest Small Finance Bank in India with an experience of over 16 years in lending and serving 12 million customers. The Bank was launched in March 2018, is a solid combination of a digital institution and national presence across 22 states and 2 union territories, spread across 781 branches. From its origin of being a NBFC-MFI, the bank has transformed steadily over the years, leading to 59.6% of its lending book being secured, mostly backed by mortgages. The Bank has created a fast growing retail deposit franchise with a strong brand presence and high standards of customer service. The bank's management team has an average experience of 24 years with a reputed and well-rounded Board.

Note: All Numbers are as on 31st December 2023 unless specified otherwise
For more details, please visit - https://www.janabank.com/
Media contact details – Shreyasee Sen, Adfactors PR for Jana SFB |shreyasee.sen@adfactorspr.com| 8789323086