The shares of a banking stock, which specializes in providing financial services to underserved segments, jumped upto 11 percent after RBI grants AD-I license for forex operations.
Price action
With a market capitalization of Rs. 5,063.80 crores on Friday, the shares of Jana Small Finance Bank Limited jumped upto 11.4 percent making a high of Rs. 489.00 per share compared to its previous closing price of Rs. 438.65 per share.
What Happened
Jana Small Finance Bank engaged in providing financial services to underserved segments, has received approval from the Reserve Bank of India (RBI) on March 6, 2025, for an Authorized Dealer Category-I (AD-I) license for forex operations.
About the Company
Jana Small Finance Bank is a leading small finance bank in India, focused on providing financial services to underserved and unbanked segments. The bank offers a range of products, including savings accounts, loans, and fixed deposits, catering to individuals and small businesses.
Key Financial Metrics (Q3FY25)
The company has shown strong performance; their secured advances have grown by 68 percent, amounting to Rs. 27,984 Cr, while its Deposits have increased by 24.4 percent YoY, reaching Rs. 25,865 Cr. The company reported a 13.5 percent return on equity (ROE) and a Rs. 380 in BVPS.
Its gross NPAs decreased to 2.71 percent from 2.06 percent, with net NPAs improving to 0.91 percent from 0.67 percent. The company achieved a PAT of Rs. 378 Cr and a PPOP of Rs. 934 Cr. With a capital adequacy ratio (CRAR) of 18.4 percent, the company is well-positioned for future growth.
Financials
The company’s total revenue rose by 15 percent from Rs. 1,177.54 crore to Rs. 1,354.82 crore in Q3FY24-25. Meanwhile, Net profit fell from Rs. 134.64 crore to Rs. 110.66 crore during the same period.
Written by Sridhar J
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