Jana Small Finance Bank Limited — Updates, 21-01-2025: Press Release

Jana Small Finance Bank reported a remarkable performance for the quarter and nine months ending December 31, 2024, achieving the highest ever profit before tax (PBT) for nine months at ₹354 crore. Total assets under management (AUM) grew to ₹27,984 crore, reflecting a 19% year-on-year increase, with a notable 68% secured assets. Deposits reached ₹25,865 crore, growing by 24% year-on-year, while the CASA ratio stands at 18.4%. The bank successfully reduced gross non-performing assets (GNPA) to 2.71% and net non-performing assets (NNPA) to 0.91%.

The capital adequacy ratio remains strong at 18.4%, with a tier-1 capital ratio of 17.5%. Mr. Ajay Kanwal, MD and CEO, highlighted the dedication of the workforce in driving these results while acknowledging challenges in the microfinance sector. The focus on increasing retail CASA will be prioritized, especially given the current environment. Overall, this strong performance positions the bank favorably, reflecting robust credit quality and growth potential.