Jana Small Finance Bank Limited — Investor Meet, 06-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Jana Small Finance Bank reported 19% asset growth in Q4 & FY25, driven by a 40% rise in secured assets despite an 11% fall in unsecured loans. PAT was Rs. 501 Cr, with adjusted PAT of Rs. 779 Cr after accelerated provisions. Deposits grew 29%, CASA by 18%, and cost of funds dropped to 4.36%. Capital adequacy improved to 20.7%; gross NPA at 2.5%, net NPA below 1%. Strong growth in affordable housing, MSME, gold loans (+238%) and two-wheelers; plans to expand used car and supply chain financing. Credit costs expected to ease in FY26. Digital account openings at 98%, AI initiatives underway. Guidance targets 20% AUM/deposit growth, 30% PAT growth, ROA 1.6-2%, and ROE 15-18%, with cautious stance on unsecured lending.