Latest news with #JanaSFB
Fashion Value Chain
11-06-2025
- Business
- Fashion Value Chain
Jana Small Finance Bank Applies to RBI for Universal Banking License
Jana Small Finance Bank (Jana SFB), one of India's leading small finance banks, is pleased to announce that it has formally submitted an application to the Reserve Bank of India (RBI) seeking approval to transition into a Universal Bank. This strategic move marks a significant milestone in Jana Bank's growth journey and reflects its long-term commitment to financial inclusion, innovation, and sustainable banking. Over the past several years, Jana SFB has successfully built a strong retail and MSME franchise, expanded its digital and physical footprint across the country, and consistently delivered on key financial and governance metrics. 'Applying for a Universal Banking license is a natural progression for Jana Bank,' said Ajay Kanwal, Managing Director & CEO, Jana Small Finance Bank. 'Our mission has always been to serve the underserved and build a bank that's inclusive, agile, digital and forward-looking. Becoming a Universal Bank will enable us to offer a broader range of services and become the Anchor Bank to a Rising and Atmanirbhar India.' Since receiving its SFB license in 2017, Jana has built a robust portfolio in deposits, loans, and financial services tailored to individuals, MSMEs, and institutions. With a growing deposit base, national presence, digital services and a strong asset quality track record, the bank believes it is well-positioned to take the next step in its evolution. Jana SFB reaffirms its unwavering commitment to governance, compliance, customer-centricity, and innovation as it embarks on this next phase. About Jana Small Finance Bank Jana Small Finance Bank, a scheduled commercial bank, is the 4th largest Small Finance Bank in India with an experience of over 18 years in lending and serving more than 12 million customers. The Bank, launched as an SFB in March 2018, is a solid combination of a digital institution and national presence across 23 states and 2 union territories, spread across 802 branches. From its origin of being a NBFC-MFI, the Bank has transformed steadily over the years, leading to 70% of its lending book being secured, mostly backed by mortgages. The Bank has created a fast growing retail deposit franchise with a strong brand presence and high standards of customer service. The Banks management team has an average experience of 27 years with a reputed and experienced Board. For more details, please visit –
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Business Standard
10-06-2025
- Business
- Business Standard
Here's why Jana Small Finance Bank share is buzzing in trade on June 10
Jana Small Finance Bank share price: Jana Small Finance Bank (Jana SFB) share price was buzzing in trade on Tuesday, June 10, 2025, with the stock rising up to 6.38 per cent to hit an intraday high of ₹552.90 per share. At 10:06 AM, Jana SFB share price was trading 2.42 per cent higher at ₹532.30 per share. In comparison, BSE Sensex was trading 0.03 per cent higher at 82,469.38 levels. What sparked a rally in Jana SFB share price today? 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. In an exchange filing, Jana SFB said, 'We wish to inform you that the Bank has submitted its application to the Reserve Bank of India (RBI) today i.e. June 9, 2025 seeking approval for voluntary transition from a Small Finance Bank to a Universal Bank.' Jana SFB Q4 results Adjusted profit after tax (PAT) zoomed 33 per cent year-on-year (Y-o-Y ) to ₹779 crore in FY25, from ₹587 crore in FY24. The Asset AUM stood at ₹29,545 crore, up 19 per cent Y-o-Y with 70 per cent share of secured assets. Its secured assets grew 40 per cent and unsecured de-growth was 11 per cent for FY25. Its total deposits came in at ₹29,120 crore, up 29 per cent Y-o-Y. On Q4 show, Ajay Kanwal, MD and CEO of Jana Small Finance Bank had said, 'With this year's result, we have met the required conditions of GNPA<3 per cent and NNPA<1 per cent for 2 consecutive years. Thus, we will be applying for a Universal Banking Licence in this quarter. The Bank's performance during FY25 has been tremendous given the challenges in the MFI industry and tight liquidity faced during the year. However, being true to our strategy, we grew our Secured book by 40 per cent Y-o-Y, which is now at 70 per cent of AUM. Our deposits have grown at a solid 29 per cent, significantly over pacing the industry. Given that MFI stress peak has past last year, we are looking forward to a solid year ahead.' About Jana SFB Jana Small Finance Bank, a scheduled commercial bank and the fourth-largest Small Finance Bank in India, brings over 16 years of lending experience and serves more than 12 million customers. Established as a bank in March 2018, it has evolved from its roots as an NBFC-MFI into a digitally driven institution with a nationwide footprint across 23 states and 2 union territories through 802 branches. Today, around 70 per cent of its lending portfolio is secured, primarily backed by mortgages. Jana has built a rapidly expanding retail deposit base, underpinned by strong brand recognition and a focus on customer service. Its leadership team brings an average of 27 years of industry experience, supported by a well-rounded and respected Board.
Economic Times
10-06-2025
- Business
- Economic Times
Stocks in news: Wipro, Motilal Oswal, Jana SFB, Force Motors, Tech Mahindra
Sanjay Kumar Bohra resigns as CFO of Force Motors with effect from June 9. The company appointed Rishi Luharuka as the new CFO with effect from June 10. Markets opened positively, building on Friday's gains. Wipro's promoter sold shares worth ₹5,057 crore, while Motilal Oswal faced a Sebi fine. Jana SFB applied to become a universal bank. Tech Mahindra's Americas President retired, and Force Motors saw a CFO change as well. AstraZeneca Pharma India also announced MD's resignation. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Markets began the week on a positive note, gaining nearly half a percent, extending Friday's rally. In today's trade, shares of Wipro Motilal Oswal , Jana SFB, Force Motors Tech Mahindra among others will be in focus due to various news promoter entity Azim Premji Trust sold 20.23 crore shares worth Rs 5,057 crore in the company via a block market regulator Sebi slapped a Rs 3 lakh fine on brokerage firm Motilal Oswal Financial Services (MOFSL) after finding the company in contravention of rules. Jana Small Finance Bank (Jana SFB) said it has formally submitted an application to the Reserve Bank of India (RBI) seeking approval to transition into a universal Infrastructure reported a 9% YoY rise in its toll revenue to ₹581 crore in May Global launched a qualified institutional placement (QIP) to raise up to Rs 2,000 crore including upsize option of Rs 500 crore, according to a Chidambaram announced his retirement as the President, Tech Mahindra Americas – strategic vertical business with effect from June Gupta resigned as the chief executive officer - Commercial Real Estate division of the company with effect from June Pharma said its Managing Director Sanjeev Kumar Panchal has resigned from his position with effect from the close of business on June Kumar Bohra resigns as CFO of Force Motors with effect from June 9. The company appointed Rishi Luharuka as the new CFO with effect from June 10.
Time of India
10-06-2025
- Business
- Time of India
Stocks in news: Wipro, Motilal Oswal, Jana SFB, Force Motors, Tech Mahindra
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Markets began the week on a positive note, gaining nearly half a percent, extending Friday's rally. In today's trade, shares of Wipro Motilal Oswal , Jana SFB, Force Motors Tech Mahindra among others will be in focus due to various news promoter entity Azim Premji Trust sold 20.23 crore shares worth Rs 5,057 crore in the company via a block market regulator Sebi slapped a Rs 3 lakh fine on brokerage firm Motilal Oswal Financial Services (MOFSL) after finding the company in contravention of rules. Jana Small Finance Bank (Jana SFB) said it has formally submitted an application to the Reserve Bank of India (RBI) seeking approval to transition into a universal Infrastructure reported a 9% YoY rise in its toll revenue to ₹581 crore in May Global launched a qualified institutional placement (QIP) to raise up to Rs 2,000 crore including upsize option of Rs 500 crore, according to a Chidambaram announced his retirement as the President, Tech Mahindra Americas – strategic vertical business with effect from June Gupta resigned as the chief executive officer - Commercial Real Estate division of the company with effect from June Pharma said its Managing Director Sanjeev Kumar Panchal has resigned from his position with effect from the close of business on June Kumar Bohra resigns as CFO of Force Motors with effect from June 9. The company appointed Rishi Luharuka as the new CFO with effect from June 10.
Economic Times
30-04-2025
- Business
- Economic Times
Jana Small Finance Bank shares slide 3% after PAT declines 61% YoY in Q4
Jana Small Finance Bank shares slid 2.6% to their day's low of Rs 509.95 on the BSE on Wednesday, April 30, after the bank's Q4 net profit significantly dropped by 61.6% YoY to Rs 123.50 crore, against Rs 321.67 crore in the corresponding quarter of the previous financial year. ADVERTISEMENT However,on a sequential basis, the lender's PAT was up 11.3% from Rs 111 crore in the preceding quarter. In the fourth quarter of FY25, the bank's CASA to total deposit ratio stood at 18%, slightly lower than the 18.4% recorded in Q3FY25. Net interest margin rose to 7.4% from 7.3% in the previous quarter. The cost-to-income ratio increased to 64.7% in Q4FY25, compared to 63.8% in Q3FY25. On the asset quality front, the gross NPA declined to 2.5% from 2.7%, while net NPA remained stable at 0.9% across both return on average assets improved to 2.5% from 2.3%, while adjusted return on average equity rose to 21.4%, up from 19.8% in Q3. Return on average assets (annualised) came in at 1.4%, compared to 1.3% in the preceding on average equity (annualised) stood at 12.3%, higher than 11.4% in Q3FY25. The weighted capital adequacy ratio (CAR) increased to 20.7% in Q4FY25, from 18.4% in Q3FY25. ADVERTISEMENT Also read: IndusInd Bank shares in focus after CEO Sumant Kathpalia resigns amid derivatives accounting row ADVERTISEMENT Over the past one year, the shares of Jana SFB have gained 2.15%. On a year-to-date (YTD) basis, it has risen by 26.51%. The six-month return stood at 9.57%, while the stock gained 15.39% over the last three months and 25.39% in the last one month.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
