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.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 basis points q-o-q; NNPA at 0.91% and PCR at 66.9%
· Highest ever PBT of Rs. 354 crores for 9 months
- PAT of ₹378 crores after creating for an accelerated provision of ₹208 crores and adding DTA of ₹24 crores
Commenting on the performance, Mr. Ajay Kanwal, MD and CEO, Jana Small Finance Bank said: “The Bank has delivered a strong quarter with improving credit quality and strong growth in secured assets. MFI business challenge have bottomed out but we remain cautious. Focus on retail CASA will get further attention given price cut. The strong performance in a difficult year has been possible due to the dedicated and committed effort put in by the 24,000 employees across our national footprint in 24 states and 778 branches.”
Highlights for the nine months period ended Dec 31, 2024:
| Particulars (in ₹ Crore) | For Nine months period ended | |
| 9M FY25 | 9M FY24 | |
| Net Interest Income | 1,796 | 1,536 |
| Non-Interest Income | 542 | 491 |
| Total Income | 2,338 | 2,027 |
| Opex | 1,405 | 1,176 |
| Operating Profit | 934 | 851 |
| Provision (Regulatory) | 372 | 504 |
| Provision (Accelerated) | 208 | – |
| PBT | 354 | 348 |
| Tax Expense (Credits) | (24) | – |
| PAT | 378 | 348 |
Key Ratios Highlights:
| Particulars | For Nine months period ended | |
| 9M FY25 | 9M FY24 | |
| CASA to Total Deposit (%) | 18.4% | 18.8% |
| Net Interest Margin (Annualised) | 7.6% | 7.9% |
| Cost to Income Ratio | 60.1% | 58.0% |
| Adjusted Return on Average Assets (Annualised)# | 2.3% | 1.7% |
| Adjusted Return on Average Equity (Annualised)# | 20.3% | 20.2% |
| Return on Average Assets (Annualised) | 1.5% | 1.7% |
| Return on Average Equity (Annualised) | 13.5% | 20.2% |
| Capital Adequacy Ratio (CAR) | 18.4% | 16.3% |
| Gross NPA (%)* | 2.71% | 2.19% |
| Net NPA (%)* | 0.91% | 0.71% |
# Adjusted Return on Average Assets and Adjusted Return on Average Equity is calculated on Adjusted PAT where Adjusted PAT is reported PAT + Accelerated provision
*Advances for the purpose of GNPA/NNPA calculation includes Securitization book
