Document Dates

04th September 2026 (Annual Report), 29th April 2026 (Financial Statements)

Financial Performance Highlights FY 2025-26

Jana Small Finance Bank reported mixed results for FY26 with strong business growth but declining profitability. Net Profit After Tax declined 35% to ₹326 crore from ₹501 crore in FY25, primarily due to increased provisions for NPAs (₹597 crore) and investments (₹221 crore). Despite this, the bank demonstrated robust business growth with Gross Advances increasing 24% to ₹36,289 crore and Deposits growing 23% to ₹35,784 crore.

Asset Quality and Capital Position

Asset quality showed improvement with Gross NPA ratio at 2.33% (down from 2.71% in FY25) and Net NPA ratio at 0.87%. The secured portfolio increased to 73% of total advances from 70% in FY25. The bank maintained a strong capital adequacy ratio of 19.38% (Tier 1: 17.51%), well above regulatory requirements, supported by a capital base of ₹105.32 crore and reserves of ₹432.82 crore.

Operational and Business Metrics

The bank expanded its presence to 822 banking outlets across 23 States/2 Union Territories, serving 4.3 million active customers with over 26,000 employees. Digital initiatives included the launch of Digital Mutual Funds and IPO applications via ASBA, with Mutual Fund AUM growing to ₹41.63 crore. Commercial banking expanded with new capabilities in Supply Chain Finance, Machinery Finance, and Trade & Foreign Exchange.

Governance and Regulatory Matters

The Bank held its 20th AGM on 29th September 2026, seeking shareholder approval for director reappointments and executive remuneration for FY27. The bank incurred a ₹1 crore penalty from RBI for violation of Section 12B(5) of Banking Regulation Act, 1949 relating to issuance of Compulsorily Convertible Preference Shares in excess of 5% without necessary approvals. No dividend was declared for FY26 in compliance with banking regulations.

Audit and Compliance

Joint Statutory Auditors S.R. Batliboi & Associates LLP and Batliboi & Purohit issued an unqualified opinion, confirming financial statements comply with RBI guidelines and accounting standards, with adequate internal financial controls. The audit trail feature was enabled for most systems, though partially enabled for some modules.

Forward-looking Guidance and Strategy

Management provided optimistic guidance for FY27, expecting PAT growth in excess of 80% and reaffirmed its aspiration to become a Universal Bank when appropriate. Plans include introducing FCNR deposits, Finance Against Shares, Credit Line on UPI, and Trade Finance solutions, while continuing the transition from AI-assisted engagement to AI-enabled banking.

CSR and Employee Benefits

The bank spent ₹8.50 crores on 61 CSR projects across health, education, environment, and WASH initiatives. Employee benefits included ESOP expenses of ₹14.84 crores and gratuity liability showing a net asset of ₹6.69 crores.