INTEGRATED FILING — BANKING



General information about company

Scrip code 544118
NSE Symbol JSFB
MSEI Symbol NOTLISTED
ISIN INE953L01027
Name of bank JANA SMALL FINANCE BANK LIMITED
Class of security Equity
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 29-Apr-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 23-Apr-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 29-Apr-2025   15:00:00
End date and time of board meeting 29-Apr-2025   16:30:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public Yes
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. Yes
(III) Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 2022-02-09
Indicate Company website link for updated RPT policy of the Company https://www.janabank.com/about-us/leadership-governance/policies//
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
Not applicable as there is no default


Financial Results - Banking
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
1 Interest earned
Interest or discount on advances or bills 10893500000 42684100000
Income on investments 859000000 3772600000
Interest on balances with reserve bank of India and other inter bank funds 224700000 625500000
Others 15600000 15800000
Total interest earned 11992800000 47098000000
2 Other income 2338800000 7758600000
3 Total income 14331600000 54856600000
Expenses
4 Interest expenses 6023800000 23166600000
5 Operating expenses
(i) Employees cost 3272000000 12104200000
(ii) Details of other operating expenses
Description of other operating expenses
1 Rent, taxes and lighting 305800000 1198900000
2 Printing and stationery 47000000 157700000
3 Advertisement and publicity 75800000 370400000
4 Depreciation on bank's property 164900000 605600000
5 Director's Fees, allowances and expenses 4200000 17700000
6 Auditors' fees and expenses 7300000 24500000
7 Law charges 55800000 174700000
8 Postage, telegram, telephone etc. 50400000 196400000
9 Repairs and maintenance 110100000 385600000
10 Insurance & Other expenditure 1286000000 4190600000
Total other operating Expenses 2107300000 7322100000
Total Operating Expenses 5379300000 19426300000
6 Total expenditure excluding provisions and contingencies 11403100000 42592900000
7 Operating profit before provision and contingencies 2928500000 12263700000
8 Provisions other than tax and contingencies 1730100000 7526900000
9 Exceptional items 0 0
10 Total profit (loss) from ordinary activities before tax 1198400000 4736800000
11 Provision for Tax -36400000 -277400000
12 Net profit (loss) from ordinary activities after tax 1234800000 5014200000
13 Extraordinary items net of tax expenses 0 0
14 Net profit (loss) for the period 1234800000 5014200000
15 Share of profit (loss) of associates
16 Profit (loss) of minority interest
17 Net Profit (loss) after taxes minority interest and share of profit (loss) of associates 1234800000 5014200000
18 Details of equity share capital [Abstract]
Paid-up equity share capital 1050600000 1050600000
Face value of equity share capital 10 10
19 Reserve excluding revaluation reserves (as per balance sheet of previous accounting year) 39865500000
20 Analytical ratios
(i) Percentage of share held by government of India 0 0
(ii) Capital adequacy ratio
CET 1 ratio 0.2 0.2
Additional Tier 1 ratio 0 0
(iii) (a) Earnings per share before extraordinary items
Basic earnings per share before extraordinary items 11.76 47.89
Diluted earnings per share before extraordinary items 11.71 47.67
(iii) (b) Earnings per share after extraordinary items
Basic earnings per share after extraordinary items 11.76 47.89
Diluted earnings per share after extraordinary items 11.71 47.67
(iv) NPA Ratios
Amount of gross non-performing assets 7496000000 7496000000
Amount of net non-performing assets 2541800000 2541800000
% of gross NPAs 0.03 0.03
% of net NPAs 0.01 0.01
Return on assets 0.01 0.01
21 Disclosure of notes on financial results by banks Textual Information(1)


Text Block

Textual Information(1) Notes: 1. The above financial results for the quarter and year ended March 31, 2025, have been reviewed by the Audit Committee and recommended for adoption to the Board of Directors. The Board of Directors of the Bank have considered and approved the same at its meeting held on April 29, 2025. The above financial results for the quarter and year ended March 31, 2025, have been audited by the joint statutory auditors, S.R. Batliboi & Associates LLP, Chartered Accountants and Batliboi & Purohit, Chartered Accountants. The financial results for the quarter and year ended March 31, 2024 were audited by predecessor auditors. 2. The Bank has followed consistently the same significant accounting policies in the preparation of these financial results for the quarter and year ended March 31, 2025 with those followed in the annual financial statements for the year ended March 31, 2024, except for the classification and valuation of investments which is as per the Master Direction No. RBI/DOR/2023'24/104 DOR.MRG.36 /21.04.141/2023-24 on Classification, Valuation and Operation of investment Portfolio of Commercial Banks (Directions), 2023 issued by Reserve Bank of lndia dated September 12, 2023 which is applicable from April 1, 2024. In compliance with the RBI's Master Directions on Investments, the Bank has accounted net transition discount accretion of Rs 2.47 crores in General Reserve as on April 01, 2024. The Bank has also transferred balance in Investment Reserve amounting to Rs 0.30 crores on the date of the transition to General Reserve. Accordingly, amounts for the corresponding period of the previous year are not comparable. 3. These financial results of the Bank have been prepared in accordance with the recognition and measurement principles laid down in Accounting Standards as prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules issued thereunder, the relevant provisions of the Banking Regulation Act 1949, the circulars, guidelines and directions issued by the Reserve Bank of India (RBI) from time to time and other accounting principles generally accepted in India and in compliance with the presentation and disclosure requirements of the Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, as amended including relevant circulars issued by SEBI from time to time. 4. The figures of the last quarter in each of the financial years are the balancing figures between audited figures in respect of the full financial year and unaudited published year to date figures upto the end of the third quarter of the respective financial years which were subjected to limited review. 5. During the quarter and year ended March 31, 2025, the Bank has allotted 3,14,193 and 4,66,248 shares respectively pursuant to exercise of stock options under Employee Stock Option Scheme. 6. The disclosure requirements as required by RBI circular dated August 6, 2020 (Resolution Framework 1.0) and May 5, 2021 (Resolution Framework 2.0) as at March 31, 2025 is given below: Type of Borrower Exposure to accounts classified as Standard consequent to implementation of resolution plan – Position as at the end of the previous half-year i.e September 30, 2024 (A) ** Of (A), aggregate debt that slipped into NPA during the period ended March 31, 2025 Of (A) amount written off during the half-year# Of (A) amount paid by the borrowers during the half year^ Exposure to accounts classified as Standard consequent to implementation of resolution plan – Position as at March 31, 2025 Personal Loans 13.55 0.86 0.34 1.62 11.07 Corporate Loans* - - - - - of which, MSMEs - - - - - Others 4.64 0.99 - 0.87 2.78 Total 18.19 1.85 0.34 2.49 13.85 *As defined in section 3(7) of the Insolvency and Bankruptcy Code, 2016 ** Includes cases where requests received till 30th September, 2021 and implemented subsequently # represents debt that slipped into NPA and was subsequently written off during the half-year ^ includes change in balances on account of interest 7. Details of loans not in default and stressed loans (NPA and SMA accounts) acquired and transferred during the quarter ended March 31, 2025 under the RBI Master Direction on Transfer of Loan Exposures dated 24th September, 2021 are given below: a) The Bank has not transferred any loans not in default to other entities during the quarter ended March 31, 2025. b) The Bank has not purchased any loans not in default during the quarter ended March 31 2025. c) Details of stressed loans transferred during quarter ended March 31, 2025. Rs in crores Particulars To ARCs No of accounts 80,582 Aggregate principal outstanding of loans transferred (on the date of transfer) 360.60 Weighted average residual tenor of the loans transferred (Years) 3.74 Net book value of the loans transferred (at the time of transfer) 238.62 Aggregate consideration 242.32 Additional consideration realized in respect of accounts transferred in earlier years - d) Details of ratings of Security Receipts (SRs) outstanding as on March 31, 2025 are given below Rs in crores Rating Rating Agency Recovery Rating Gross value of SRs outstanding RR1 Infomerics 100% to 150% 226.78 RR1 ICRA 100% to 150% 44.15 RR1 Brickwork 100% to 150% 134.71 RR1+ Infomerics More than 150% 156.84 In process of getting rated 365.87 Total 928.35 e) The Bank has not acquired any stressed loan. 8. Other income includes fees earned by providing services to customers, income from sale of priority sector lending certificates, profit on sale of investments (net), income from sale of prudentially written off accounts to ARCs, commission income from non fund based banking activities and recoveries from written off accounts. 9. The Capital Adequacy Ratio (CAR) has been computed in accordance with RBI Circular No. RBI/2016-17/81 DBR.NBD.No. 26/16.13.218/2016-17 dated October 6, 2016 on Operating Guidelines for Small Finance Banks. As per the said circular, prudential regulatory framework will largely be drawn from the Basel standards for capital requirements and Basel II standardized approach for credit risk. Further, the RBI vide its Circular No. DBR.NBD.No.4502/16.13.218/2017-18 dated November 08, 2017 has provided an exemption to all Small Finance Banks whereby no separate capital charge is prescribed for market risk and operational risk. Further, Pillar III disclosures including leverage ratio, liquidity coverage ratio and net stable funding ratio under the Basel Ill Framework would be available on the Bank's website at the following link: https://www.janabank.com/regulatory-disclosures/. These disclosures have not been subjected to audit/review by the Joint Statutory Auditors. 10. Consolidation of financial statements is not applicable as the Bank does not have any subsidiary/associate/joint venture company(ies), as on March 31, 2025. 11. Previous period/year figures have been regrouped / reclassified, wherever necessary to conform with the current period/year presentation.


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
1 Capital and liabilities
Capital 1050600000
Reserves and surplus 40132900000
Deposits 291197800000
Borrowings 38668200000
Other liabilities and provisions 13586700000
Total Capital Liabilities 384636200000
2 ASSETS
Cash and Balances with Reserve Bank of India 28160600000
Balances with Banks and money at call and short notice 16432600000
Investments 59445800000
Advances 271554800000
Fixed Assets 1531800000
Other Assets 7510600000
Total Assets 384636200000
Disclosure of notes on assets and liabilities


Text Block
Textual Information(1)


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether results are audited or unaudited Audited Audited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Treasury 3313500000 13612900000
2 Corporate/Wholesale Banking 887200000 3126100000
3 Digital Banking Units 11300000 45000000
4 Other Retail Units 18475200000 70000100000
5 Other Banking operations 315400000 1300000000
Total Segment Revenue 23002600000 88084100000
Less: Inter segment revenue 8671000000 33227500000
Income from operations 14331600000 54856600000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Treasury 253200000 1879000000
2 Corporate/Wholesale Banking 20500000 51600000
3 Digital Banking Units 4500000 18600000
4 Other Retail Units 604800000 1487600000
5 Other Banking operations 315400000 1300000000
Total Profit before tax 1198400000 4736800000
i. Finance cost 0 0
ii. Other Unallocable Expenditure net off Unallocable income 0 0
Profit before tax 1198400000 4736800000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Treasury 104372300000 104372300000
2 Corporate/Wholesale Banking 39088000000 39088000000
3 Digital Banking Units 158800000 158800000
4 Other Retail Units 237037200000 237037200000
5 Other Banking operations 70800000 70800000
Total Segment Assets 380727100000 380727100000
Un-allocable Assets 3909100000 3909100000
Net Segment Assets 384636200000 384636200000
4 Segment Liabilities
Segment Liabilities
1 Treasury 40182200000 40182200000
2 Corporate/Wholesale Banking 155600000 155600000
3 Digital Banking Units 93800000 93800000
4 Other Retail Units 302463300000 302463300000
5 Other Banking operations 42800000 42800000
Total Segment Liabilities 342937700000 342937700000
Un-allocable Liabilities 515000000 515000000
Net Segment Liabilities 342937700000 342937700000
Disclosure of notes on segments Segment Notes: Business Segments have been identified and reported taking into account the target customer profile, the nature of products and services, the differing risks and returns, the organisation structure, the internal business reporting system and the guidelines prescribed by the RBI. Digital Banking Segment is reported as a sub-segment of Retail Banking Segment related to Digital Banking Units of the Bank in India. a) Treasury The treasury segment primarily consists of entire investment portfolio of the Bank. b) Retail Banking The retail banking segment serves retail customers through a branch network. Exposures are classified under retail banking taking into account the status of the borrower (orientation criterion), the nature of product, granularity of the exposure and the quantum thereof. Revenues of the retail banking segment are primarily derived from interest and fees earned on retail loans, interest on deposits placed as collateral with banks and financial institutions. Expenses of this segment primarily comprise interest expense on borrowings, deposits, infrastructure and premises expenses for operating the branch network, personnel costs and other direct overheads. c) Wholesale Banking Wholesale Banking includes all advances to companies and statutory bodies, which are not included under Retail Banking. d) Other Banking Operation Other Banking includes other items not attributable to any particular business segment. e) Unallocated All items which are reckoned at an enterprise level are classified under this segment. This includes capital and reserves, and other unallocable assets and liabilities not identifiable to particular segment such as deferred tax, tax assets etc.




Cash Flow Statement, Indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
1 Statement of cash flows
Cash flows from used in operating activities
Profit before extraordinary items and tax
2 Adjustments for reconcile profit (loss)
Adjustments to profit (loss)
Adjustments for finance costs 0
Adjustments for depreciation and amortisation expense 605600000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 7566800000
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 0
Adjustments for share-based payments 241600000
Other adjustments for which cash effects are investing or financing cash flow 3000000
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items 0
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments to profit (loss) 8417000000
3 Adjustments for working capital
Adjustments for decrease (increase) in inventories 0
Adjustments for decrease (increase) in trade receivables -46973100000
Adjustments for decrease (increase) in other current assets 9063800000
Adjustments for increase (decrease) in trade payables 65626900000
Adjustments for increase (decrease) in other current liabilities 33600000
Adjustments for provisions 0
Total adjustments for working capital 27751200000
Total adjustments for reconcile profit (loss) 36168200000
Net cash flows from (used in) operations 40905000000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 172500000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities before extraordinary items 40732500000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) operating activities 40732500000
4 Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of tangible assets 9000000
Purchase of tangible assets 733500000
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 0
Income taxes paid (refund) 0
Other inflows (outflows) of cash -2485700000
Proceeds from government grants 0
Net cash flows from (used in) investing activities before extraordinary items -3210200000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) investing activities -3210200000
5 Cash flows from used in financing activities
Proceeds from issuing shares 132000000
Proceeds from issuing other equity instruments 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 14970000000
Repayments of borrowings 28416400000
Dividends paid 0
Interest paid 0
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities before extraordinary items -13314400000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) financing activities -13314400000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 24207900000
6 Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents 24207900000
Cash and cash equivalents cash flow statement at beginning of period 20270300000
Cash and cash equivalents cash flow statement at end of period 44478200000


Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 M/s. S.R Batliboi & Associates LLP Yes 31-Jul-2027
2 M/s. Batliboi & Purohit Yes 31-Mar-2025


Financial details
Sr. Particulars Audited Figures (as reported before adjusting for qualifications) Adjusted Figures (audited figures after adjusting for qualifications)
1 Turnover / Total income
2 Total Expenditure
3 Net Profit/(Loss)
4 Earnings Per Share
5 Total Assets
6 Total Liabilities
7 Net Worth

Any other financial item(s) (as felt appropriate by the management)



Signatories details

Name of CEO / Managing director
Name of CFO
Name of audit committee chairman
Name of statutory auditor
Name of other signatory, if any, with designation
Place
Date


Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity /subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 Jana Small Finance Bank Limited JANA URBAN FOUNDATION Other company in which director or his relatives is member or director Any other transaction Royalty payments 28300000 As per the agreement executed between Jana Urban Foundation and Bank, duly approved by ACB/Board 28300000 33600000 10400000
2 Jana Small Finance Bank Limited AJAY CHAMANLAL KANWAL Key Management Personnel (KMP) Remuneration 0 As per approval of NRC / Board 35100000 0 0
3 Jana Small Finance Bank Limited KRISHNAN SUBRAMANIA RAMAN Key Management Personnel (KMP) Remuneration 0 As per approval of NRC / Board 11100000 0 0
4 Jana Small Finance Bank Limited ABHILASH S Key Management Personnel (KMP) Remuneration 0 Agreed remuneration as per the Bank policy 4200000 0 0
5 Jana Small Finance Bank Limited LAKSHMI RAJA NARAYANAMURTHY Key Management Personnel (KMP) Remuneration 0 Agreed remuneration as per the Bank policy 2700000 0 0
Total value of transaction during the reporting period 81400000





Format for Disclosing Outstanding Default on Loans and Debt Securities
Sr. No. Particulars Amount Remarks
1. Loans / revolving facilities like cash credit from banks / financial institutions
A Total amount outstanding as on date
B Of the total amount outstanding, amount of default as on date
2. Unlisted debt securities i.e. NCDs and NCRPS
A Total amount outstanding as on date
B Of the total amount outstanding, amount of default as on date
3. Total financial indebtedness of the listed entity including short-term and long-term debt