Jana Small Finance Bank Reports 25% YoY PAT Growth in H1 FY25 Earnings

Jana Small Finance Bank Limited has announced its unaudited financial results for the quarter and half-year ending September 30, 2024.

For the first half of FY25 (H1 FY25), the bank’s Loan Assets Under Management (AUM) grew by 17% year-over-year (y-o-y) to ₹26,411 crore, with 65% of its assets secured. The bank also reported strong deposit growth, with total deposits reaching ₹24,808 crore, marking a 31% y-o-y increase and a 10% rise during H1 FY25. CASA (Current Account Savings Account) deposits showed impressive growth, standing at ₹4,977 crore, up by 28% y-o-y and 12% in H1.

In terms of profitability, Jana Small Finance Bank reported a profit after tax (PAT) of ₹267 crore for H1 FY25, a 25% growth compared to ₹213 crore in H1 FY24. 

Commenting on the performance for the quarter, the MD and CEO of Jana Small Finance Bank, Mr Ajay Kanwal, said, “Jana Small Finance Bank (Jana SFB) delivered a solid quarter growing secured assets and deposits with focus on CASA. We have seen elevated delinquency in the MFI business which has resulted in higher GNPA and degrowth in the MFI business. We continue to serve aspirational India across 24 states with the aim of becoming an anchor Bank to our customers.”

About Jana Small Finance Bank Limited

Jana Small Finance Bank is a scheduled commercial bank and is the 4th largest Small Finance Bank in India. The bank has an experience of more than 16 years in lending and serving 12 million customers. 

On October 22, 2024, Jana Small Finance Bank share price opened at ₹480.05, touching the day’s low at ₹462.20, as of 9:35 AM on the NSE.

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