Jana Small Finance Bank Limited — Investor Meet, 28-07-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Jana Small Finance Bank reported Q1 FY26 financial results with PAT at 102 Cr. Gross NPA stands at 2.8% and Net NPA at 0.9%. The bank increased accelerated provisions to 150 Cr due to continued MFI stress. Secured assets showed strong growth, expected to increase 35-40% this year, with steady 16.5% gross yield. Unsecured book declined 2.5% but is anticipated to stabilize and grow in Q2, with significant credit cost reduction seen by Q3. NIM declined to 6.9% primarily from investment sales, but management targets 7.2-7.3% by year-end, driven by lower cost of funds and unsecured growth. Deposit growth picked up from May, targeting 20% overall and double-digit CASA growth for H1. The Universal Bank application is progressing with active regulator engagement. Management remains cautious on MFI, focusing on building a resilient bank with 80% secured assets.