Jana Small Finance Bank on July 22 reported a 89 percent jump in net profit to Rs 171 crore in the first reporting quarter of fiscal year 2025, from Rs 90 crore in the year ago period. Total deposits of the bank grew 41 percent YoY to Rs 23,710 crore.
The advances of the bank grew 25 percent to Rs 25,759 crore.
The gross NPA of the lender stood at 2.7 percent, increasing from 2.5 percent and net NPA stood at 0.99 percent from 1.19 percent.
Ajay Kanwal, managing director and chief executive officer (MD and CEO), said that the bank reported robust growth across segment. "The bank reported a growth in overall deposits and CASA deposits, secured assets. Our unsecured portfolio fell on a sequential basis and asset quality too worsened due to factors around heatwave and election season," Kanwal said to Moneycontrol.
Shares of the lender closed for trading at Rs 696, up 3.96 percent.
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