Press Release

Jana Small Finance Bank reports H1 PAT FY25 increased by 25% to ₹267 crore y-o-y;

CASA growth of 28% y-o-y (12% growth for H1’24);
Secured asset growth of 29% y-o-y (16% growth for H1’24);
Unsecured asset growth of 1% y-o-y (de-growth of 7% for H1’24)
GNPA at 2.86%; NNPA at 0.95% and PCR at 67.3%

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Jana Small Finance Bank reports H1 PAT FY25 increased by 25% to ₹267 crore y-o-y;


Bengaluru, October 21st, 2024: The Board of Directors of Jana Small Finance Bank Limited at its meeting today, approved the unaudited financial results for the quarter and half year ending September 30, 2024.

Key Highlights for H1 FY25
  • Loan AUM stands at ₹26,411 crore, growing by 17% y-o-y with 65% assets secured.
    • Secured growth 16% for H1 and Unsecured de-growth of H1 is 7%
  • Total Deposits stands at ₹24,808 crore
    • Deposits growth of 31% y-o-y and 10% in H1
    • CASA deposits stand at ₹4,977 crore, increasing by 28% y-o-y and 12% in H1
    • TD growth of 32% y-o-y, 10% in H1
    • CASA ratio stands at 20.1% as at September-24 increased from 19.7% in March-2024
  • Capital Adequacy at 18.8% with Tier-1 CRAR of 17.8%. Strong liquidity with LCR of 261%
  • Considering interim profit for H1 FY25, CRAR is 20.3% and Tier-1 CRAR is 19.3%
  • Profit after tax (PAT) stood at ₹267 crore in H1 FY25 as compared to ₹213 crore in H1 FY24 registering a growth of 25% y-o-y
  • Cost Income ratio at 58.3%, ROA at 1.6% and ROE at 14.5%
  • GNPA at 2.86% led by MFI stress; NNPA at 0.95% and PCR at 67.3%
  • PAT of Rs. 267 crores after creating for an additional buffer provision of Rs. 115 crores and adding DTA of Rs 19 crores
Commenting on the performance, Mr. Ajay Kanwal, MD and CEO, Jana Small Finance Bank said: “Jana Small Finance Bank (Jana SFB) delivered a solid quarter growing secured assets and deposits with focus on CASA .We have seen elevated delinquency in the MFI business which has resulted in higher GNPA and degrowth in MFI business. We continue to serve aspirational India across 24 states with aim of becoming an anchor Bank to our customers”
Jana Small Finance Bank Awards Won


Highlights for the half year ended Sep 30, 2024:
Particulars (in ₹ Crore) For Half year ended
H1 FY25 H1 FY24
Net Interest Income 1,204 988
Non-Interest Income 365 352
Total Income 1,568 1,339
Opex 914 783
Operating Profit 654 556
Provision (Regulatory) 291 343
Provision (Additional) 115 -
PBT 249 213
Tax Expense (Credits) (19) -
PAT 267 213


Key Ratios Highlights:

Particulars For financial year ended
H1 FY25 H1 FY24
CASA to Total Deposit (%) 20.1% 20.5%
Net Interest Margin (Annualised) 7.8% 7.9%
Cost to Income Ratio 58.3% 58.5%
Return on Average Assets (Annualised) 1.6% 1.6%
Return on Average Equity (Annualised) 14.5% 19.5%
Capital Adequacy Ratio (CAR) 18.8% 17.5%
Gross NPA (%)* 2.86% 2.31%
Net NPA (%)* 0.95% 0.82%
*Advances 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 776 branches. From its origin of being a NBFC-MFI, the bank has transformed steadily over the years, leading to 65% 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 30th September 2024 unless specified otherwise
For more details, please visit - https://www.janabank.com/


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