Jana Small Finance Bank Ltd

Jana Small Finance Bank Expands with 8 New Branches in Q1 FY26 🏦 | Targets 35-40% Growth in Secured Assets

- Added 8 new branches in Q1 FY26, with plans to open 70 branches this year (30 new, 40 relocations).

- Secured assets (70% of portfolio) performing well, expected to grow 35-40% this year with steady margins at 16.5%.

- Unsecured assets saw a 2.5% drop in Q1 but expected to stabilize in Q2 and improve in Q3.

- 36% of unsecured portfolio under guarantee programs, targeting 45-50% by end of current quarter.

- Deposit growth target: 20%, with CASA expected to show double-digit growth in H1. Deposit rates cut by 50 bps to 7.75%.

- PAT for Q1 FY26: ₹102 crore. Accelerated provisions of ₹150 crore keep gross NPA below 3% and net NPA below 1%.

- Bank maintains strong liquidity with LCR at 171%.

- Applied for Universal Bank license on June 9, 2025, to broaden product and customer base.

- New product launches: ASBA, Solitaire Savings Account for women, and iVanii digital soundbox for merchants.

- Focus on digital innovations like iVanii app to enhance customer experience and reduce costs.

- Management confident in meeting 20% asset growth guidance, with secured assets expected to reach 80% of portfolio.