'Jana Small Finance Bank conducted a conference call on 21 January 2025 to
discuss the financial results for the quarter ended December 2024. Ajan Kanwal,
MD & CEO of the company addressed the call:
Highlights:
The bank had indicated that its challenge had peaked in
Q2FY2025. Accordingly, the regulatory provisions have declined to Rs 81 crore
in Q3FY2024 from Rs 149 crore in Q2FY2025. Thus, the worst is behind in Q2
itself.
However, the bank has been providing extra provisions to
keep its NNPA below 1% which is a primary requirement for applying to universal
bank licence.
Excluding, the accelerated provisions and taking back the
DTA the net profit of the bank would have been higher at rupees 204 crore, ROA
at 2.4% and RoE at 20.7% for Q3FY2025.
The bank has created accelerated provisioning of Rs 93 crore
in Q3FY25 and Rs 208 crore in 9MFY25.
The secured loan book of the bank has surged 36% and its
share ...
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