Jana Small Finance Bank Limited has released its Annual Secretarial Compliance Report for the financial year ending March 31, 2026. The report, verified by independent practicing company secretaries, confirms the bank’s adherence to essential governance standards and policy frameworks. While the bank maintained high levels of compliance, the documentation also outlines minor procedural observations related to historical filing timelines and record date adjustments for specific debenture instruments, demonstrating a commitment to ongoing regulatory transparency.
Commitment to Corporate Governance
The latest report highlights Jana Small Finance Bank’s adherence to rigorous corporate governance standards throughout the 2025-26 financial year. The bank has confirmed the timely adoption of all necessary policies approved by the Board of Directors. These policies remain in full alignment with the established regulatory guidelines, ensuring that the institution maintains functional transparency and effective internal oversight.
Operational Compliance Highlights
During the review period, the bank successfully maintained a functional website for public disclosures and ensured that all required event-based notifications were provided within the prescribed timelines. The report confirms that there were no disqualifications among the Board of Directors and that the bank conducted thorough performance evaluations of its Board and independent members at the start of the year.
Addressing Procedural Observations
The audit process identified two specific procedural areas for improvement:
- Reporting Timelines: A minor delay occurred in filing a related party transaction report, which resulted in a ₹20,000 fine. The bank has since clarified that the delay was inadvertent, and the fine was promptly settled.
- Debenture Record Dates: The bank noted a discrepancy regarding the interval between record dates and interest payment dates for certain debentures. Management has acknowledged these findings and is implementing corrective measures to align future corporate actions strictly with internal policy requirements.
Progress on Previous Findings
The bank has shown significant progress in resolving legacy matters from the 2024-25 fiscal year. Notably, it has successfully reconstituted its Nomination and Remuneration Committee to ensure that the Chairperson meets all executive and non-executive leadership criteria. These actions underscore the bank’s proactive approach to resolving audit remarks and strengthening its overall governance framework.
Source: BSE
