Jana Small Finance Bank has accepted the resignation of Lakshmi RN from her role as Company Secretary and Compliance Officer, effective October 31, 2026.

Ms. RN tendered her resignation via email on September 7, 2026, citing another career opportunity after serving the bank for approximately 13 years. The bank’s Managing Director and CEO, Ajay Kanwal, confirmed the acceptance of her resignation in a disclosure filed with stock exchanges.

Regulatory Disclosure

The bank made the disclosure pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing also references SEBI Master Circular no. SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023, and SEBI Circular no. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Key Details

The bank stated that Ms. RN will be relieved from her responsibilities on October 31, 2026, following discussions with management. No immediate replacement was announced in the filing.

Jana Small Finance Bank reported a 35% year-on-year decline in full-year FY26 net profit after tax (PAT), logging ₹326 crore compared to ₹501 crore in the previous fiscal. The dip was primarily driven by elevated provisioning requirements during the earlier quarters of the financial year.

Despite the pressure on bottom-line earnings, the bank demonstrated resilience in its core operations. Net interest income (NII) expanded by 10% to ₹2,593 crore, supported by a robust 23% growth in the advances under management portfolio to ₹36,289 crore. Total deposits also grew by 23% to ₹35,784 crore, indicating sustained customer trust and liability franchise strength.

Operational Performance

The bank’s asset quality showed clear signs of improvement, a key focus area for management. Gross non-performing assets (GNPA) moderated to 2.33% from 2.71% in FY25, while net NPAs remained stable at 0.87%. The provision coverage ratio stood at 63%, reflecting prudent risk management practices.

Strategic Shifts

A significant structural change in the loan book was observed, with secured assets growing by 28% to constitute 73% of the total lending portfolio. This shift from unsecured to secured lending aims to enhance balance sheet stability and reduce credit risk exposure. The bank also recorded its highest-ever quarterly disbursement of ₹7,894 crore in Q4 FY26, up 16% quarter-on-quarter.

What the Numbers Show

While full-year profitability contracted, the fourth quarter revealed a strong recovery trajectory. Q4 FY26 PAT surged to ₹140 crore, marking the strongest quarter of the year with a return on assets (ROA) of 1.3%. This divergence between the weak full-year result and robust Q4 performance suggests that the peak of the provisioning cycle has passed, setting the stage for improved earnings momentum in FY27. Management has guided for PAT growth exceeding 80% in the coming fiscal year, leveraging normalizing credit costs and improving net interest margins.