Jana Small Finance Bank Limited — Investor Meet, 23-10-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Jana Small Finance Bank reported Q2 PAT of ₹75 Cr with NIM at 6.6%. Deposits crossed ₹32,532 Cr, and cost of funds dipped. Gross Loan Portfolio grew to ₹31,655 Cr. Secured assets surged 34.4% YoY, now 72.5% of the book, while unsecured portfolio stabilized (0.3% QoQ growth). Management is strategically placing unsecured loans under guarantee programs, aiming for 96% coverage by Mar '27. This is expected to lower credit costs by 40-50 bps next year and improve ROAs. FY26 PAT growth guidance is 0-2%, with slippages anticipated to decrease from Q3.