Jana Small Finance Bank announced its Q3 FY26 results, highlighting 30% year-over-year deposit growth and a 41% increase in CASA. Secured assets grew by 27% y-o-y, now representing 73% of the asset portfolio. The bank’s GNPA ratio decreased to 2.5%, with NNPA at 0.9%. Despite growth, PAT for the quarter was ₹10 crores due to increased provisioning.
Key Financial Highlights
Jana Small Finance Bank reported significant growth in several key areas for Q3 FY26:
- Total deposits reached ₹33,733 crores, a 30% year-over-year increase.
- CASA demonstrated strong growth, up 41% year-over-year.
- Gross Loan Portfolio grew by 19% year-over-year.
- Secured assets increased by 27% year-over-year, making up 73% of total assets.
Asset Quality and Capital Adequacy
The bank’s asset quality showed positive trends:
- GNPA ratio improved to 2.5%.
- NNPA ratio stood at 0.9%, with a PCR of 80.2%.
- Capital Adequacy Ratio (CAR) remained strong at 19.3%, with Tier-1 CRAR at 17.3%.
Profitability
Despite strong growth metrics, profitability was impacted by increased provisioning:
- PAT for Q3 FY26 was ₹10 crores, after providing for accelerated provision of ₹70 Crores.
- Operating Profit for Q3 FY26 was ₹287 crores.
Management Commentary
Mr. Ajay Kanwal, MD and CEO, commented on the results, noting encouraging trends in portfolio growth, deposit growth, and declining SMA and slippages. He attributed the lower PAT to higher credit provisioning due to increased NPA flows, but expects credit costs to decrease from Q4 onwards. The bank remains cautious in certain unsecured segments and continues to cover all new unsecured disbursals under guarantee programs.
Balance Sheet Snapshot (as of December 31, 2025)
- Total Deposits: ₹33,733 crores
- Borrowings: ₹3,751 crores
- Advances: ₹31,496 crores
Key Ratios
The following key ratios were reported for Q3 FY26:
- CASA to Total Deposit: 20.0%
- Net Interest Margin: 6.7%
- Gross NPA: 2.5%
- Net NPA: 0.9%
Source: BSE
