.GNA declining to 2.71% and NNPA at 0.9%; CASA growth of 22% y-o-y (7% growth for YTD 9M’25); Deposit growth at 24% y-o-y (15% growth for YTD 9M’25) Secured asset growth of 36% y-o-y (29% growth for YTD 9M’25); Unsecured asset de-growth of 7% y-o-y (de-growth of 11% for YTD 9M’25) Bengaluru, January 21st, 2025: The Board of Directors of Jana Small Finance Bank Limited at its meeting today, approved the unaudited financial results for the quarter and nine months period ending December 31, 2024. Key Highlights for 9M FY25 Asset AUM stands at ₹27,984 crore, growing by 19% y-o-y with 68% assets secured. o Secured growth 29% for 9M and Unsecured de-growth of 9M is 11% o Affordable Housing & Micro LAP largest business with Rs. 11,000 crores AUM at 39% of the total AUM Total Deposits stands at ₹25,865 crore o Deposits growth of 24% y-o-y and 15% in 9M o CASA deposits stand at ₹4,768 crore, increasing by 22% y-o-y and 7% in 9M o TD growth of 25% y-o-y, 16% in 9M o CASA ratio stands at 18.4% as at December-24 decreased from 19.7% in March-2024 given rate reduction Capital Adequacy at 18.4% with Tier-1 CRAR of 17.5%. Strong liquidity with LCR of 279% Considering 9M profit, CRAR at 20.4%, annualized ROA & ROE at 1.5% and 13.5% respt. GNPA at 2.71% reducing by 15 …
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CEAT’s Chennai Plant Joins WEF Global Lighthouse Network: A Benchmark in Advanced Digital Manufacturing
Builds on the success of CEAT’s Halol plant to institutionalize and scale 4IR adoption to achieve significant advancements Bengaluru – 21 January 2025: CEAT, a leading Indian tyre manufacturer, has attained a significant milestone with its Chennai plant being recognised as part of the World Economic Forum’s (WEF) Global Lighthouse Network. CEAT is the first tyre brand in the world …
Read More »NDR InvIT expands its portfolio with acquisition of high-quality warehousing and industrial properties worth INR 7,061 Million
Mumbai, January 21, 2025: NDR InvIT Trust, a leading player in India’s infrastructure investment space, has announced the acquisition of a Grade-A industrial and warehousing portfolio spread across the markets of Surat, Hyderabad, Bengaluru, and Pune. This strategic acquisition adds 2.01 million square feet (MSF) of fully operational, high-quality assets to NDR InvIT’s growing portfolio, underscoring its commitment to creating …
Read More »Northeast flies high in direct selling, crossing ₹1,854 crore in sales; Assam leads the show.
Guwahati / National Bureau January 21, 2025 : Northeast, with nearly 16% growth in direct selling, is poised to fly higher as all eight sister states registered a leap jump in sales, adding ₹ 255 crore from the previous year to cross ₹1854 crore in the year 2022-23, the Indian Direct Selling Association disclosed here in the 2nd Northeast Direct Selling Conference and Expo …
Read More »Ramakrishna Sarada Samiti [RKSS] & State Bank of India [SBI] Foundation launch a life-time free Learning Management System [LMS] – JEET
– JEET (Joint Efforts for Educational Transformation) is an all-India alliance of NGOs in education – Currently, RKSS is the steering NGO, and has collected 1 Lakh video links of a collective value of Rs. 150 crores – JEET will provide these educational videos for free to 10 Lakh government school teachers and students including those from marginalized communities – JEET shall collaborate with at least 10,000 government schools and education departments in 6 states …
Read More »Amazon Future Engineer Program has trained 3 Million Students; Announces Scholarships for 500 female students
– Amazon Future Engineer is a comprehensive childhood-to-career program aimed at increasing access to computer science education for students from underserved and underrepresented communities. The program targets students in grades 6 and above, providing them with access to learning materials in seven Indian languages. – Amazon Future Engineer program has trained 3 million government school students and over 20,000 teachers across India. …
Read More »Capri Loans Unveils Iconic Wall Art Landmark at “Maha Kumbh Mela 2025”
A unique initiative of illustrating the brand’s story through art Bengaluru, 21st January 2025 : Capri Global Capital Ltd, a leading non-banking financial company, known by the brand name ‘Capri Loans’ has unveiled a stunning and vibrant wall mural painting at the Maha Kumbh Mela, Prayagraj Sangam. Situated near the sacred confluence of the Ganga, Yamuna, and the mythical Saraswati rivers, …
Read More »Kolte-Patil Developers Limited – Operational Update for Q3 & 9M FY25
New Milestones Achieved: 9M FY25 Sales Value at Rs. 2,161 crore 9M FY25 Collections at Rs. 1,729 crore Bengaluru, January 21, 2025: Kolte-Patil Developers Limited (BSE: 532924, NSE: KOLTEPATIL; KPDL), a leading Pune based real estate player with growing presence in Mumbai and Bengaluru, has announced key updates on its real estate operations during the quarter and nine months ended 31st December 2024. Summary of operational performance: New Area Sales 9MFY25 9MFY24 YoY Q3FY25 Q2FY25 Q3FY24 …
Read More »BIMTECH Becomes India’s First Business Management Institute to Launch BIMCOIN—A Blockchain-Based Campus Currency Driving Fintech Innovation
BIMTECH unveils blockchain-based digital currency “BIMCOIN”. Curated for BIMTECH’s ecosystem, the currency will entitle secure, transparent, and instant transactions among students, vendors, and administrators. The pilot phase saw remarkable success, with over 1,100 transactions completed seamlessly. BIMTECH plans to unite this technology with its academic curriculum through courses on blockchain, fintech, and digital innovation. Bengaluru, 21th January 2025: Birla Institute of Management …
Read More »Jakson Group Powers Rising Star Dion Gowda’s Racing Dreams
Noida, January 20, 2025: Rising motorsport star Dion Gowda has announced a significant partnership with Jakson Group, India’s leading energy and infrastructure conglomerate. Jakson Group has invested 10% in Dion Gowda’s motorsport journey, marking their entry into the world of motorsports as a strategic partner. Dion Gowda, who is gearing up for the Formula Regional Europe Championship this season, expressed …
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