Share price of Jana Small Finance Bank slumped 14% to ₹424.30 on the BSE in Monday's intraday deals amid reports that Federal Bank was not in active talks for a stake buy.
Tamilnad Mercantile Bank, ESAF Small Finance Bank, Equitas Small Finance Bank and CSB Bank were up in the range of 2% to 5% on the BSE in an otherwise tepid market on Tuesday.
Jana Small Finance Bank expects 80% profit growth in FY27 as microfinance stress eases, while remaining open to reapplying for a universal banking licence
Jana Small Finance Bank reported a 52 per cent rise in first-quarter net profit, aided by higher net interest income, robust loan growth and an expanding secured loan portfolio
Sources said there is no cross-default linkage between the debt of Jana Small Finance Bank and Jana Capital, with the holding company continuing to pare its stake in the lender
Small finance bank shares fell after Bihar passed a microfinance regulation Bill requiring state approval for loan disbursals. Analysts flag regulatory risk
Jana Small Finance Bank's bid to transition into a universal bank was returned by the RBI for not meeting the eligibility criteria under the 2024 framework for small finance banks.
Jana SFB shares advanced after the lender submitted an application to the Reserve Bank of India (RBI), seeking its approval to convert from a Small Finance Bank to a Universal Bank.
Jana Small Finance Bank will join AU Small Finance Bank and Ujjivan Small Finance in the list of the small finance banks that are seeking a universal banking licence from the RBI
Under Section 10 of Foreign Exchange Management Act (FEMA), the RBI has the power to regulate foreign exchange transactions and authorise specific financial institutions to act as intermediaries
Jana Small Finance Bank reported a 21 per cent YoY decline in its Q2FY25 net profit at Rs 96.7 crore, from Rs 122.8 crore in the corresponding quarter of the previous year