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Jana Small Finance Bank

Why Jana Small Finance Bank climbed 18% after Q3FY25 results; details here

Jana Small Finance Bank share price jumped 18.5 per cent at Rs 434.50 a piece on the BSE in Wednesday's intraday trade

Why Jana Small Finance Bank climbed 18% after Q3FY25 results; details here
Updated On : 22 Jan 2025 | 10:27 AM IST

Jana Small Finance Bank drops 11% after 21% decline in Q2FY25 net profit

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

Jana Small Finance Bank drops 11% after 21% decline in Q2FY25 net profit
Updated On : 22 Oct 2024 | 2:04 PM IST

Jana SFB ups short term deposit rate, aims to compete with liquid MF

The move comes at a time when banks are scrambling for deposits amid healthy loan growth

Jana SFB ups short term deposit rate, aims to compete with liquid MF
Updated On : 19 Sep 2024 | 8:05 PM IST

Jana Small Finance Bank stock tanks 7% after Q1FY25 earnings; check details

Shares of Jana Small Finance Bank dipped up to 6.93 per cent at Rs 646.70 per share on the BSE in Tuesday's intraday deals

Jana Small Finance Bank stock tanks 7% after Q1FY25 earnings; check details
Updated On : 23 Jul 2024 | 10:59 AM IST

Jana SFB Q1 result: Net profit rises 89% to Rs 171 cr, NII up at Rs 610 cr

Jana Small Finance Bank on Monday reported an 89 per cent jump in its post-tax net profit to Rs 171 crore for the April-June quarter. The lender had reported a profit after tax of Rs 90 crore in the year-ago period. The core net interest income grew to Rs 610 crore from Rs 462 crore in the year-ago period on the back of a 25 per cent growth in advances and a 0.4 per cent expansion in the net interest margin to 8 per cent. The non-interest income was flat at Rs 189 crore for the reporting quarter. Amid the sluggish deposit growth in the system, the bank seems to have ducked the trend with a 41 per cent growth in the number. Its gross non-performing assets ratio increased to 2.62 per cent in June against 2.11 per cent at the end of the preceding March quarter, which was attributed to seasonal and event-driven factors by its managing director and chief executive Ajay Kanwal. The overall capital adequacy as of June 30 stood at 19.3 per cent against 18.7 per cent in the year-ago ...

Jana SFB Q1 result: Net profit rises 89% to Rs 171 cr, NII up at Rs 610 cr
Updated On : 22 Jul 2024 | 9:42 PM IST

This bank stock has surged 55% in 4 days; zoomed 103% from listing day low

Jana Small Finance Bank hit a record high of Rs 740 as they rallied 15% on the BSE in Monday's intraday trade amid heavy volumes

This bank stock has surged 55% in 4 days; zoomed 103% from listing day low
Updated On : 10 Jun 2024 | 11:43 AM IST

Jana SFB may apply for universal bank licence in next financial year

Last week, the Reserve Bank of India spelt out a glide path for SFBs to convert into universal banks.

Jana SFB may apply for universal bank licence in next financial year
Updated On : 01 May 2024 | 12:11 AM IST

This recently listed small finance bank stock surges 20% on strong results

Jana Small Finance Bank stock update: The stock rallied to its highest level post listing after the bank reported significant improvement in NPAs.

This recently listed small finance bank stock surges 20% on strong results
Updated On : 30 Apr 2024 | 12:13 PM IST

Jana Small Finance Q4 results: Net profit jumps multi-fold to Rs 322 cr

Jana Small Finance Bank on Monday reported a multi-fold jump in March quarter net profit at Rs 321.67 crore on the back of gains from a tax write-back. The Bengaluru-headquartered lender had reported a net profit of Rs 80.99 crore in the year-ago period and Rs 134.64 crore in the quarter-ago period. Its net profit for FY24 increased to Rs 669.54 crore, up from the year-ago period's Rs 255.97 crore. For the quarter under review, its total income rose to Rs 1,290.94 crore, from Rs 1,009.78 crore in the quarter-ago period. The total expenditure came at Rs 949 crore for the reporting quarter, while the provisions were at Rs 175 crore. However, a tax write-back of Rs 155 crore helped the bank report the handsome profit growth for the quarter. Its gross non-performing assets ratio improved to 2.11 per cent from the 2.19 per cent in December. The overall capital adequacy ratio stood at 20.31 per cent as of March 31, 2024.

Jana Small Finance Q4 results: Net profit jumps multi-fold to Rs 322 cr
Updated On : 29 Apr 2024 | 10:50 PM IST

Jana Small Finance Bank gets RBI nod to re-appoint Ajay Kanwal as MD & CEO

On February 14, Bengaluru-based Jana Small Finance Bank was listed at a 4 per cent discount of its initial public offering price

Jana Small Finance Bank gets RBI nod to re-appoint Ajay Kanwal as MD & CEO
Updated On : 27 Feb 2024 | 12:11 PM IST

Jana SFB Q3FY24 results: Net profit rises 12.82% to Rs 134.64 crore

Its net interest income rose by 24.4 per cent Y-o-Y to Rs 548.5 crore in Q3, up from Rs 440.8 crore in Q3 FY23

Jana SFB Q3FY24 results: Net profit rises 12.82% to Rs 134.64 crore
Updated On : 22 Feb 2024 | 8:33 PM IST

Jana Small Finance Bank makes weak debut; lists 4% below issue price

The Rs 570-crore initial public offer (IPO) was subscribed 19.89 times, with steady demand across investor categories.

Jana Small Finance Bank makes weak debut; lists 4% below issue price
Updated On : 14 Feb 2024 | 10:16 AM IST

Jana Small Finance Bank IPO subscribed 88% on first day of bidding

The offer comprises of fresh issue of equity shares aggregating up to Rs 462 crore and offer for sale of up to 26,08,629 equity shares

Jana Small Finance Bank IPO subscribed 88% on first day of bidding
Updated On : 08 Feb 2024 | 4:52 PM IST

Jana Small Finance Bank, Capital SFB IPOs to open on February 7

Bangalore-based Jana SFB is looking to raise Rs 570 crore with Rs 462 crore worth of shares through fresh issuance

Jana Small Finance Bank, Capital SFB IPOs to open on February 7
Updated On : 02 Feb 2024 | 9:23 PM IST

SFBs can turn into universal banks, say experts at BS BFSI Summit 2023

There is nothing to stop our firm from turning into a Universal Bank, said Ittira Davis, managing director and chief executive officer of Ujjivan Small Finance Bank

SFBs can turn into universal banks, say experts at BS BFSI Summit 2023
Updated On : 31 Oct 2023 | 4:07 PM IST

Jana SFB ties up with two co-op banks to offer digital, payment services

Jana Small Finance Bank (Jana SFB) will provide its digital infrastructure and payments services to HCBL Co-operative Bank and Mysore Merchants Co-operative Bank under the bank sponsorship programme. Under the bank sponsorship programme, the RBI has permitted Core Banking Solution (CBS) enabled co-operative banks to issue ATM cards or ATM-cum debit cards to its customers in association with the sponsor bank. Jana Small Finance Bank signed a memorandum of understanding (MoU) with HCBL Co-operative Bank, Lucknow and Mysore Merchants Co-operative Bank, Mysore to provide digital infrastructure and payments services to the respective banks under the bank sponsorship programme of the RBI, Jana SFB said in a release on Thursday. With this tie-up, HCBL Co-operative Bank and Mysore Merchants Co-operative Bank will be able to extend ATM, point of sale (PoS) and e-commerce services to its customers. This is for the first time that Jana SFB has tied up with a co-operative bank to provide IMPS

Jana SFB ties up with two co-op banks to offer digital, payment services
Updated On : 26 Aug 2021 | 3:57 PM IST

Jana Small Finance Bank gets Sebi's go-ahead to float IPO

Jana Small Finance Bank has received markets regulator Sebi's go-ahead to raise funds through an initial share-sale. The initial public offering (IPO) comprises fresh issuance of equity shares worth Rs 700 crore and an offer for sale of up to 92,53,659 shares by existing shareholders, according to the draft red herring prospectus (DRHP). Those selling shares in the offer for sale include Bajaj Allianz Life Insurance Company, Hero Enterprise Partner Ventures, ICICI Prudential Life Insurance Company, Enam Securities, North Haven Private Equity Asia Platinum Pte Ltd, QRG Enterprises and Tree Line Asia Master Fund (Singapore) Pte Ltd. The small finance bank, which filed preliminary IPO papers with Sebi in April, obtained its observations on July 9, an update with Sebi showed on Monday. Sebi's observations are necessary for any company to launch public issues like IPO, follow-on public offer (FPO) and rights issue. According to merchant banking sources, the IPO is expected to fetch Rs

Jana Small Finance Bank gets Sebi's go-ahead to float IPO
Updated On : 13 Jul 2021 | 12:10 AM IST

Jana Small Finance Bank files IPO papers, aims to raise Rs 1,100 crore

According to merchant banking sources, the IPO is expected to fetch Rs 1,100 crore

Jana Small Finance Bank files IPO papers, aims to raise Rs 1,100 crore
Updated On : 01 Apr 2021 | 7:25 PM IST

Jana Small Finance Bank opens 500th branch, plans 600 by March next year

Small finance lender Jana Small Finance Bank on Tuesday opened its 500th branch in Amruthahalli, Bangalore

Jana Small Finance Bank opens 500th branch, plans 600 by March next year
Updated On : 20 Oct 2020 | 8:50 PM IST

10-year bond yields at decade-plus low; rupee falls as oil prices crash

The Sensex fell nearly 2,000 points, as foreign investors liquidated their investments for safe haven assets such as US bonds. As prices of bonds rise, yields fall.

10-year bond yields at decade-plus low; rupee falls as oil prices crash
Updated On : 10 Mar 2020 | 3:41 AM IST