Jana Small Finance Bank announced that Dr. Subhash Khuntia has ceased to be a member of its Board of Directors effective July 27, 2026. The change takes effect from the close of business hours on that date, marking the conclusion of his tenure as required by statutory provisions. This update ensures transparency regarding the composition of the Bank’s leadership team for investors and stakeholders.

The Board of Directors formally noted the completion of Dr. Khuntia’s tenure pursuant to Section 149(10) of the Companies Act, 2013. The Bank disclosed this development in a filing submitted to both the BSE Limited and the National Stock Exchange of India Ltd. on July 28, 2026. The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Details of the Transition

Lakshmi R. N, Company Secretary and Compliance Officer of Jana Small Finance Bank Limited, signed the intimation letter addressed to the stock exchanges. The registered office of the Bank is located in Bengaluru, Karnataka.

What This Means for Investors

The exit of Dr. Khuntia is a routine corporate governance event driven by the expiry of his term rather than any operational or strategic dispute. Investors should note that the Board has acknowledged this change officially, ensuring that public records reflect the current directorship status accurately. No further details regarding immediate replacements or interim arrangements were provided in this specific filing.

Jana Small Finance Bank reported a net profit of ₹155.23 crore for the quarter ended June 30, 2026, marking a 52% increase year-on-year. The profit growth was driven by improved Net Interest Margin (NIM), which rose to 7.5% from 6.6% in the same period last year, and a reduction in the cost of funds to 7.4% from 7.97%. The bank's total income stood at ₹1,741.45 crore, while interest earned was ₹1,514.53 crore. Operating profit before provision and contingencies was recorded at ₹333.16 crore.

Key Financial Metrics

The following table summarises the key financial performance indicators for Q1FY27:

Asset Quality and Capital

Asset quality showed sequential improvement during the quarter. The Gross NPA ratio moderated to 2.24% from 2.33% in the previous quarter (Q4FY26) and 2.76% in Q1FY26. The Net NPA ratio improved to 0.85% from 0.87% QoQ. The Return on Assets (annualized) was reported at 1.35%, and the net worth of the bank increased to ₹4,627 crore.

The table below highlights the asset quality trends:

During the quarter, the bank allotted 16,489 shares pursuant to the exercise of stock options and issued 88.43 lakh share warrants, receiving 25% of the issue price amounting to ₹102.76 crore. The financial results were subjected to a limited review by the joint statutory auditors, S.R. Batliboi & Associates LLP and Batliboi & Purohit, Chartered Accountants.

Business Growth

Advances grew by 26% year-on-year to ₹37,612 crore, with secured assets growing by 29%. The deposit book grew by 22% year-on-year to ₹35,756 crore, with CASA growth of 31% to ₹6,871 crore.

FY27 Guidance

Alongside its quarterly results, Jana Small Finance Bank has updated its full-year FY27 outlook. The bank projects Profit After Tax growth of over 80%, supported by loan book expansion in the range of 19–21% and deposit growth of 23–25%. Net Interest Margin is expected to remain steady at approximately 7.5%, while the cost of funds is projected to hold at approximately 7.4%.

The table below outlines the key FY27 guidance parameters:

Investor Update

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the bank has provided the link to the audio recording of the earnings conference call held for the quarter ended June 30, 2026. The recording is available on the bank's official website.