Jana Small Finance Bank

Jana Small Finance Bank reported quarterly results with CASA growing 14% year-to-date and term deposits growing 11% year-to-date, crossing ₹30,000 crore milestone at ₹32,532 crore. Cost of deposits decreased to 7.88% in Q2 FY26 from higher levels. The bank's secured assets showed strong growth of 35-40% with notable performance in Affordable Housing (34.4% year-on-year), MSME (27% year-on-year), Gold Loans (17.5% quarter-on-quarter), and Two-Wheelers (12.8% quarter-on-quarter). Unsecured assets stabilized with 0.3% growth after previous declines. The bank raised ₹250 crore in Tier 2 capital, improving CAR by 1.25%. Net Interest Margin stood at 6.6% for Q2, down from 6.7% in Q1. The bank reported PAT of ₹75 crore for Q2 and ₹177 crore for first half. Gross loan portfolio reached ₹31,655 crore with 72.5% secured assets, 13.5% unsecured under guarantee programs, and 14% unsecured outside guarantee programs. The bank has expanded its guarantee program coverage, expecting 96% of unsecured portfolio to be under guarantee by March 2027. Management revised PAT growth guidance to 0-2% for the year while maintaining 20% growth targets for loans and deposits.

Jana Small Finance Bank has issued a postal ballot notice seeking shareholder approval for the appointment of Mr. Rakesh Joshi as a Non-Executive Independent Director. Joshi, who holds DIN 09766853, was appointed as an Additional Director on August 27, 2025, and the proposed term runs until August 26, 2030. The 63-year-old brings over 41 years of experience in banking, financial services, and insurance, having previously served as Whole Time Member at IRDAI until December 2023. He will receive an annual remuneration of Rs. 10 lakh plus sitting fees of Rs. 60,000 for Board meetings and Rs. 40,000 for committee meetings. The e-voting period is scheduled from October 24 to November 23, 2025, with results to be announced by November 25, 2025. The cut-off date for voting eligibility is October 17, 2025.

Jana Small Finance Bank expects to achieve 35-40% asset growth in FY26, with growth driven by affordable housing, MSME, and gold loan segments. The bank anticipates lower credit costs and strengthened capital position during this period.