Jana Small Fin. Bank
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Changes headline, adds Jana Small Finance Bank's exchange filings in bullets 7, 9, and 10
By Gopika Gopakumar
MUMBAI, July 1 (Reuters) - India Ratings & Research downgraded bonds of TPG-backed Jana Holdings Ltd (JHL), the holding company of Jana Small Finance Bank JANA.NS, and a subsidiary to "default" status after the companies got a six-month extension to repay bondholders around 42 billion rupees ($443.44 million).
Here are the details:
The India Ratings report on Tuesday downgraded JHL and unit Jana Capital's non-convertible debentures (NCDs) rating to "default" from "stable", citing poor liquidity with high refinancing risk.
The agency has put the rating of the bank under "watch with negative implication", potentially delaying its re-application for a universal bank licence.
The repayment was extended to December 31, 2026, from June 30, 2026, as per India Ratings' report.
"Ind-Ra has considered this amendment as a modification of the original contractual terms of the NCDs and treated it as a Distressed Debt Exchange as per its Default Recognition Criteria," said the rating agency in its report.
TPG Asia is one of the JHL bondholders.
The holding company was to make the repayment by selling its stake in Jana Small Finance Bank or through refinancing, but failed to do so.
Jana Small Finance Bank, in an exchange filing, said that the restructuring pertains solely to the debt obligations of its promoter and has no impact on the financials and operations of the bank.
In April, JHL divested a 4.9% stake in the bank to the TVS Group for 1.93 billion rupees.
Jana Holdings currently holds a nearly 17% stake in the bank. The company reduced its stake from about 44% over the years and has not infused any capital since 2022, the bank said.
The bank said that once JHL's stake reduces below 9.99%, it proposes to seek reclassification from promoter to public category shareholder.
TPG and GIC's Caladium Investments hold a 19% stake each in the holding company.
($1 = 94.7150 Indian rupees)
(Reporting by Gopika Gopakumar and Nishit Navin; Editing by Harikrishnan Nair)
(([email protected];))
Changes headline, adds Jana Small Finance Bank's exchange filings in bullets 7, 9, and 10
By Gopika Gopakumar
MUMBAI, July 1 (Reuters) - India Ratings & Research downgraded bonds of TPG-backed Jana Holdings Ltd (JHL), the holding company of Jana Small Finance Bank JANA.NS, and a subsidiary to "default" status after the companies got a six-month extension to repay bondholders around 42 billion rupees ($443.44 million).
Here are the details:
The India Ratings report on Tuesday downgraded JHL and unit Jana Capital's non-convertible debentures (NCDs) rating to "default" from "stable", citing poor liquidity with high refinancing risk.
The agency has put the rating of the bank under "watch with negative implication", potentially delaying its re-application for a universal bank licence.
The repayment was extended to December 31, 2026, from June 30, 2026, as per India Ratings' report.
"Ind-Ra has considered this amendment as a modification of the original contractual terms of the NCDs and treated it as a Distressed Debt Exchange as per its Default Recognition Criteria," said the rating agency in its report.
TPG Asia is one of the JHL bondholders.
The holding company was to make the repayment by selling its stake in Jana Small Finance Bank or through refinancing, but failed to do so.
Jana Small Finance Bank, in an exchange filing, said that the restructuring pertains solely to the debt obligations of its promoter and has no impact on the financials and operations of the bank.
In April, JHL divested a 4.9% stake in the bank to the TVS Group for 1.93 billion rupees.
Jana Holdings currently holds a nearly 17% stake in the bank. The company reduced its stake from about 44% over the years and has not infused any capital since 2022, the bank said.
The bank said that once JHL's stake reduces below 9.99%, it proposes to seek reclassification from promoter to public category shareholder.
TPG and GIC's Caladium Investments hold a 19% stake each in the holding company.
($1 = 94.7150 Indian rupees)
(Reporting by Gopika Gopakumar and Nishit Navin; Editing by Harikrishnan Nair)
(([email protected];))
May 22 (Reuters) - TVS Motor Company Ltd TVSM.NS:
TVS MOTOR - COMPLETES ACQUISITION, NOW HOLDS 4.90% STAKE IN JANA SMALL FINANCE BANK
Source text: ID:nBSE8g4W6B
Further company coverage: TVSM.NS
(([email protected];))
May 22 (Reuters) - TVS Motor Company Ltd TVSM.NS:
TVS MOTOR - COMPLETES ACQUISITION, NOW HOLDS 4.90% STAKE IN JANA SMALL FINANCE BANK
Source text: ID:nBSE8g4W6B
Further company coverage: TVSM.NS
(([email protected];))
May 18 (Reuters) - India's Jana Small Finance Bank JANA.NS said on Monday that industrialist Venu Srinivasan-led TVS Venu Group will buy a 5.64% stake in the lender through the issuance of warrants worth 3.17 billion rupees ($32.9 million).
GWC Family Fund Investments, which is a part of TVS Venu, will buy the warrants via a preferential issue at 464.82 rupees apiece
The issue of warrants is at a 5.3% discount to Jana's closing price on Friday
Shares fell 4.7% to 467 rupees after the news
Jana also approved issuing warrants, making up a 12.94% stake and worth 7.29 billion rupees to investors, including Capri Global Ventures, Singularity Large Value Fund and ICM Finance
GWC has also expressed interest in buying up to 9.9% in Jana, subject to getting approval from the Reserve Bank of India
Separately, two-wheeler maker TVS Motor TVSM.NS also said it will buy 4.9% in Jana Holdings for 1.93 billion rupees
($1 = 96.3000 Indian rupees)
(Reporting by Kashish Tandon in Bengaluru; Editing by Eileen Soreng)
(([email protected]; 8800437922;))
May 18 (Reuters) - India's Jana Small Finance Bank JANA.NS said on Monday that industrialist Venu Srinivasan-led TVS Venu Group will buy a 5.64% stake in the lender through the issuance of warrants worth 3.17 billion rupees ($32.9 million).
GWC Family Fund Investments, which is a part of TVS Venu, will buy the warrants via a preferential issue at 464.82 rupees apiece
The issue of warrants is at a 5.3% discount to Jana's closing price on Friday
Shares fell 4.7% to 467 rupees after the news
Jana also approved issuing warrants, making up a 12.94% stake and worth 7.29 billion rupees to investors, including Capri Global Ventures, Singularity Large Value Fund and ICM Finance
GWC has also expressed interest in buying up to 9.9% in Jana, subject to getting approval from the Reserve Bank of India
Separately, two-wheeler maker TVS Motor TVSM.NS also said it will buy 4.9% in Jana Holdings for 1.93 billion rupees
($1 = 96.3000 Indian rupees)
(Reporting by Kashish Tandon in Bengaluru; Editing by Eileen Soreng)
(([email protected]; 8800437922;))
May 13 (Reuters) - Jana Small Finance Bank Ltd JANA.NS:
JANA SMALL FINANCE BANK LTD - TO CONSIDER FUND RAISING PROPOSAL AT BOARD MEETING ON 18 MAY 2026
Source text: ID:nBSEcgkF8Y
Further company coverage: JANA.NS
(([email protected];))
May 13 (Reuters) - Jana Small Finance Bank Ltd JANA.NS:
JANA SMALL FINANCE BANK LTD - TO CONSIDER FUND RAISING PROPOSAL AT BOARD MEETING ON 18 MAY 2026
Source text: ID:nBSEcgkF8Y
Further company coverage: JANA.NS
(([email protected];))
April 29 (Reuters) - Jana Small Finance Bank Ltd JANA.NS:
JANA SMALL FINANCE BANK MARCH-QUARTER NET PROFIT 1.4 BILLION RUPEES
JANA SMALL FINANCE BANK MARCH-QUARTER GROSS NPA 2.46%
JANA SMALL FINANCE BANK MARCH-QUARTER INTEREST EARNED 14.45 BILLION RUPEES
JANA SMALL FINANCE BANK MARCH-QUARTER PROVISIONS AND CONTINGENCIES 1.95 BILLION RUPEES
Source text: ID:nBSE2ph2Jg
Further company coverage: JANA.NS
(([email protected];))
April 29 (Reuters) - Jana Small Finance Bank Ltd JANA.NS:
JANA SMALL FINANCE BANK MARCH-QUARTER NET PROFIT 1.4 BILLION RUPEES
JANA SMALL FINANCE BANK MARCH-QUARTER GROSS NPA 2.46%
JANA SMALL FINANCE BANK MARCH-QUARTER INTEREST EARNED 14.45 BILLION RUPEES
JANA SMALL FINANCE BANK MARCH-QUARTER PROVISIONS AND CONTINGENCIES 1.95 BILLION RUPEES
Source text: ID:nBSE2ph2Jg
Further company coverage: JANA.NS
(([email protected];))
** India's Jana Small Finance Bank JANA.NS sheds 3.5% to 474.90 rupees
** Lender reports 40% Y/Y slump in Q1 profit and worsening asset quality
** Its net interest income, however, grew 2.5% Y/Y, led by treasury gains
** Gross non-performing assets as a percentage of total loans deteriorated to 2.91% as of June-end vs 2.71% at end-March
** Stock trims YTD gains to 20%
(Reporting by Kashish Tandon in Bengaluru)
** India's Jana Small Finance Bank JANA.NS sheds 3.5% to 474.90 rupees
** Lender reports 40% Y/Y slump in Q1 profit and worsening asset quality
** Its net interest income, however, grew 2.5% Y/Y, led by treasury gains
** Gross non-performing assets as a percentage of total loans deteriorated to 2.91% as of June-end vs 2.71% at end-March
** Stock trims YTD gains to 20%
(Reporting by Kashish Tandon in Bengaluru)
** Indian small finance banks climb between 1% and 3%
** Reserve Bank of India late on Friday reduced mandatory priority sector lending by small finance banks by 15 percentage points
** Aim lowered to 60% from 75% earlier
** ESAF Small Finance Bank EASF.NS leads rise among pack with its 2.7% gain
** Jana Small Finance Bank JANA.NS and Capital Small Finance Bank CPIA.NS up about 1% each
** AU Small Finance Bank AUFI.NS and Ujjivan Small Finance Bank UJJI.NS trading marginally higher
** Reduction in lending target offers "significant" relief to small finance banks, easing lending constraints and improving portfolio flexibility, ICICI Direct analysts say
(Reporting by Kashish Tandon in Bengaluru)
** Indian small finance banks climb between 1% and 3%
** Reserve Bank of India late on Friday reduced mandatory priority sector lending by small finance banks by 15 percentage points
** Aim lowered to 60% from 75% earlier
** ESAF Small Finance Bank EASF.NS leads rise among pack with its 2.7% gain
** Jana Small Finance Bank JANA.NS and Capital Small Finance Bank CPIA.NS up about 1% each
** AU Small Finance Bank AUFI.NS and Ujjivan Small Finance Bank UJJI.NS trading marginally higher
** Reduction in lending target offers "significant" relief to small finance banks, easing lending constraints and improving portfolio flexibility, ICICI Direct analysts say
(Reporting by Kashish Tandon in Bengaluru)
June 20 (Reuters) - India's central bank on Friday reduced the mandated portion of lending that small finance banks have to extend to priority sectors such as agriculture and small businesses, lowering it by 15 percentage points.
Small finance banks currently have to extend 75% of their loans to priority sectors. After a review, the Reserve Bank of India has effectively cut the requirement to 60% of total lending.
(Reporting by Manvi Pant in Bengaluru; Editing by Vijay Kishore)
(([email protected]; +918447554364;))
June 20 (Reuters) - India's central bank on Friday reduced the mandated portion of lending that small finance banks have to extend to priority sectors such as agriculture and small businesses, lowering it by 15 percentage points.
Small finance banks currently have to extend 75% of their loans to priority sectors. After a review, the Reserve Bank of India has effectively cut the requirement to 60% of total lending.
(Reporting by Manvi Pant in Bengaluru; Editing by Vijay Kishore)
(([email protected]; +918447554364;))
By Dharamraj Dhutia
MUMBAI, June 19 (Reuters) - Indian government bond yields jumped on Thursday as rising oil prices due to escalating geopolitical tensions weighed on sentiment, while traders trimmed positions ahead of Friday’s debt auction.
The yield on the benchmark 10-year bond IN063335G=CC ended at 6.3095%, compared with the previous close of 6.2615%. The five-year 6.75% 2029 bond IN067529G=CC yield ended at 6.0236% after ending at 5.9434% the previous day.
New Delhi will sell bonds worth 270 billion rupees ($3.11 billion) on Friday, which includes 150 billion rupees of the liquid five-year bond. The yield on this note is up nearly 18 basis points in last two weeks.
"Movement in oil prices will decide the trajectory of financial markets in near term, while demand for tomorrow's auction will also be crucial," said Gopal Tripathi, head of treasury and capital markets at Jana Small Finance Bank.
The benchmark Brent crude contract was hovering around $77 per barrel, and has gained over 10% in the last five sessions on worries that the Iran-Israel conflict could disrupt supplies.
India imports a bulk of its crude oil needs and higher prices could impact the nation's inflation outlook.
Earlier this month, the Reserve Bank of India reduced its inflation forecast for the current year to 3.7%, while cutting its key lending rate by a steeper-than-expected 50 basis points.
It, however, reverted to a "neutral" stance from "accommodative", prompting analysts to forecast the end of the easing cycle.
The minutes of this meeting are due after market hours on Friday, and will provide clarity on the central bank's thinking on interest rate trajectory.
RATES
Indian overnight index swap (OIS) rates witnessed witnessing paying pressure across the curve tracking upward pressure on bond yields.
The one-year INR1YMIBROIS=CC OIS rate ended at 5.525%, while the two-year OIS rate INR2YMIBROIS=CC ended at 5.53% and the liquid five-year INR5YMIBROIS=CC OIS rate rose nearly 7 bps to 5.75%
($1 = 86.7300 Indian rupees)
(Reporting by Dharamraj Dhutia)
By Dharamraj Dhutia
MUMBAI, June 19 (Reuters) - Indian government bond yields jumped on Thursday as rising oil prices due to escalating geopolitical tensions weighed on sentiment, while traders trimmed positions ahead of Friday’s debt auction.
The yield on the benchmark 10-year bond IN063335G=CC ended at 6.3095%, compared with the previous close of 6.2615%. The five-year 6.75% 2029 bond IN067529G=CC yield ended at 6.0236% after ending at 5.9434% the previous day.
New Delhi will sell bonds worth 270 billion rupees ($3.11 billion) on Friday, which includes 150 billion rupees of the liquid five-year bond. The yield on this note is up nearly 18 basis points in last two weeks.
"Movement in oil prices will decide the trajectory of financial markets in near term, while demand for tomorrow's auction will also be crucial," said Gopal Tripathi, head of treasury and capital markets at Jana Small Finance Bank.
The benchmark Brent crude contract was hovering around $77 per barrel, and has gained over 10% in the last five sessions on worries that the Iran-Israel conflict could disrupt supplies.
India imports a bulk of its crude oil needs and higher prices could impact the nation's inflation outlook.
Earlier this month, the Reserve Bank of India reduced its inflation forecast for the current year to 3.7%, while cutting its key lending rate by a steeper-than-expected 50 basis points.
It, however, reverted to a "neutral" stance from "accommodative", prompting analysts to forecast the end of the easing cycle.
The minutes of this meeting are due after market hours on Friday, and will provide clarity on the central bank's thinking on interest rate trajectory.
RATES
Indian overnight index swap (OIS) rates witnessed witnessing paying pressure across the curve tracking upward pressure on bond yields.
The one-year INR1YMIBROIS=CC OIS rate ended at 5.525%, while the two-year OIS rate INR2YMIBROIS=CC ended at 5.53% and the liquid five-year INR5YMIBROIS=CC OIS rate rose nearly 7 bps to 5.75%
($1 = 86.7300 Indian rupees)
(Reporting by Dharamraj Dhutia)
** Jana Small Finance Bank shares JANA.NS jump about 6% to 549 rupees, setting the stock for third straight session of gains
** The private lender says it is seeking the RBI's nod to transition to a universal bank, which would widen its business ambit
** Trading volume at 424k shares vs 30-day avg of ~246k
** YTD stock up 39%
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
** Jana Small Finance Bank shares JANA.NS jump about 6% to 549 rupees, setting the stock for third straight session of gains
** The private lender says it is seeking the RBI's nod to transition to a universal bank, which would widen its business ambit
** Trading volume at 424k shares vs 30-day avg of ~246k
** YTD stock up 39%
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
June 9 (Reuters) - Jana Small Finance Bank Ltd JANA.NS:
JANA SMALL FINANCE BANK - SEEKING APPROVAL FOR VOLUNTARY TRANSITION TO A UNIVERSAL BANK FROM RBI
Source text: ID:nBSEc4PMzC
Further company coverage: JANA.NS
(([email protected];))
June 9 (Reuters) - Jana Small Finance Bank Ltd JANA.NS:
JANA SMALL FINANCE BANK - SEEKING APPROVAL FOR VOLUNTARY TRANSITION TO A UNIVERSAL BANK FROM RBI
Source text: ID:nBSEc4PMzC
Further company coverage: JANA.NS
(([email protected];))
May 9 (Reuters) -
RBI IMPOSES MONETARY PENALTY ON JANA SMALL FINANCE BANK LIMITED
RBI- RBI IMPOSES MONETARY PENALTY 10 MILLION RUPEES ON JANA SMALL FINANCE BANK
Source text: [ID:]
Further company coverage: [ ]
(([email protected];;))
May 9 (Reuters) -
RBI IMPOSES MONETARY PENALTY ON JANA SMALL FINANCE BANK LIMITED
RBI- RBI IMPOSES MONETARY PENALTY 10 MILLION RUPEES ON JANA SMALL FINANCE BANK
Source text: [ID:]
Further company coverage: [ ]
(([email protected];;))
March 7 (Reuters) - Jana Small Finance Bank Ltd JANA.NS:
JANA SMALL FINANCE BANK LTD - RBI GRANTS AUTHORIZED DEALER LICENSE TO JANA SMALL FINANCE BANK
JANA SMALL FINANCE BANK - RBI LICENSE TO DEAL IN FOREIGN EXCHANGE
Source text: ID:nBSEbDPNvs
Further company coverage: JANA.NS
(([email protected];))
March 7 (Reuters) - Jana Small Finance Bank Ltd JANA.NS:
JANA SMALL FINANCE BANK LTD - RBI GRANTS AUTHORIZED DEALER LICENSE TO JANA SMALL FINANCE BANK
JANA SMALL FINANCE BANK - RBI LICENSE TO DEAL IN FOREIGN EXCHANGE
Source text: ID:nBSEbDPNvs
Further company coverage: JANA.NS
(([email protected];))
By Khushi Malhotra
MUMBAI, March 4 (Reuters) - Indian government bond yields ended barely changed on Tuesday as the impact of the slide in U.S. yields was offset by heavy debt supply from states.
The yield on the 10-year benchmark note IN067934G=CC ended at 6.7447%, compared with its previous close of 6.7383%.
"The bond market is not reacting to the lower trajectory of U.S. yields because the prevailing liquidity and rupee situation is impacting the market substantially," said Gopal Tripathi, head of treasury and capital markets at Jana Small Finance Bank.
"Yields are likely to trade in a narrow range for now."
Longer-dated U.S. Treasury yields fell on Monday, and extended their decline in Asian hours after weaker manufacturing data spurred bets that the Federal Reserve may cut rates by 75 basis points in 2025.
Markets were anticipating just about 25-basis-point rate cut at the start of the year. The Fed will announce its policy decision later this month.
Indian bond yields briefly tracked the drop in U.S. peers, but came off lows as higher-than-expected state debt supply soured demand.
Indian states raised 505 billion rupees ($5.79 billion) via bonds at cutoff yields that were higher than expectations, highlighting dwindling appetite for debt in the last month of the financial year that ends on March 31.
The quantum was highest in a year and over 100 billion rupees more than planned earlier. States are scheduled to raise another 1.35 trillion rupees in March, with many expecting that number to be exceeded.
There are likely fewer buyers in the market, as investors expect banking system liquidity to tighten further during March due to tax payouts, Jana Small Finance's Tripathi said.
"The new borrowing calendar will start from April, and traders would want a lighter book during that time, so people will try to clean up a bit right now."
($1 = 87.2650 Indian rupees)
(Reporting by Khushi Malhotra; Editing by Mrigank Dhaniwala)
By Khushi Malhotra
MUMBAI, March 4 (Reuters) - Indian government bond yields ended barely changed on Tuesday as the impact of the slide in U.S. yields was offset by heavy debt supply from states.
The yield on the 10-year benchmark note IN067934G=CC ended at 6.7447%, compared with its previous close of 6.7383%.
"The bond market is not reacting to the lower trajectory of U.S. yields because the prevailing liquidity and rupee situation is impacting the market substantially," said Gopal Tripathi, head of treasury and capital markets at Jana Small Finance Bank.
"Yields are likely to trade in a narrow range for now."
Longer-dated U.S. Treasury yields fell on Monday, and extended their decline in Asian hours after weaker manufacturing data spurred bets that the Federal Reserve may cut rates by 75 basis points in 2025.
Markets were anticipating just about 25-basis-point rate cut at the start of the year. The Fed will announce its policy decision later this month.
Indian bond yields briefly tracked the drop in U.S. peers, but came off lows as higher-than-expected state debt supply soured demand.
Indian states raised 505 billion rupees ($5.79 billion) via bonds at cutoff yields that were higher than expectations, highlighting dwindling appetite for debt in the last month of the financial year that ends on March 31.
The quantum was highest in a year and over 100 billion rupees more than planned earlier. States are scheduled to raise another 1.35 trillion rupees in March, with many expecting that number to be exceeded.
There are likely fewer buyers in the market, as investors expect banking system liquidity to tighten further during March due to tax payouts, Jana Small Finance's Tripathi said.
"The new borrowing calendar will start from April, and traders would want a lighter book during that time, so people will try to clean up a bit right now."
($1 = 87.2650 Indian rupees)
(Reporting by Khushi Malhotra; Editing by Mrigank Dhaniwala)
** Shares of Jana Small Finance Bank JANA.NS jump 18% to 431.25 rupees, set for their best day in nine months
** Lender reports 18% Y/Y drop in Q3 net profit, hurt by high credit costs
** ICICI Securities, though, upgrades JANA to "buy" from "add" as it expects earnings to rebound from FY26
** Says credit costs to stay high in Q4 but FY26 may be a normalised year as costs begin to subside
** Brokerage cuts PT to 485 rupees from 580 rupees
** More than 7.2 mln shares traded in stock's busiest day since May 2024
** Stock gains 17% since trading debut in Feb 2024
(Reporting by Kashish Tandon in Bengaluru)
** Shares of Jana Small Finance Bank JANA.NS jump 18% to 431.25 rupees, set for their best day in nine months
** Lender reports 18% Y/Y drop in Q3 net profit, hurt by high credit costs
** ICICI Securities, though, upgrades JANA to "buy" from "add" as it expects earnings to rebound from FY26
** Says credit costs to stay high in Q4 but FY26 may be a normalised year as costs begin to subside
** Brokerage cuts PT to 485 rupees from 580 rupees
** More than 7.2 mln shares traded in stock's busiest day since May 2024
** Stock gains 17% since trading debut in Feb 2024
(Reporting by Kashish Tandon in Bengaluru)
Jan 21 (Reuters) - Jana Small Finance Bank Ltd JANA.NS:
DEC-QUARTER NET PROFIT 1.11 BILLION RUPEES
DEC-QUARTER GROSS NPA 2.80%
DEC-QUARTER INTEREST EARNED 11.77 BILLION RUPEES
DEC-QUARTER PROVISIONS AND CONTINGENCIES 1.74 BILLION RUPEES
Source text: ID:nBSE5hK3xj
Further company coverage: JANA.NS
(([email protected];;))
Jan 21 (Reuters) - Jana Small Finance Bank Ltd JANA.NS:
DEC-QUARTER NET PROFIT 1.11 BILLION RUPEES
DEC-QUARTER GROSS NPA 2.80%
DEC-QUARTER INTEREST EARNED 11.77 BILLION RUPEES
DEC-QUARTER PROVISIONS AND CONTINGENCIES 1.74 BILLION RUPEES
Source text: ID:nBSE5hK3xj
Further company coverage: JANA.NS
(([email protected];;))
** Shares of Jana Small Finance Bank JANA.NS fall as much as 10.9% to 454.8 rupees, lowest since April 24
** JANA posts 21% fall in Q2 net profit, 21% rise in expenditure Y/Y
** Lender hurt by rise in gross non-performing assets in the qtr
** Stock on track for sixth straight session of decline
** More than 485,000 shares traded, 2.3x its 30-day avg
** JANA up ~25% since listing in mid-Feb
(Reporting by Ashna Teresa Britto in Bengaluru)
(([email protected] ; ( +91 8078332441))
** Shares of Jana Small Finance Bank JANA.NS fall as much as 10.9% to 454.8 rupees, lowest since April 24
** JANA posts 21% fall in Q2 net profit, 21% rise in expenditure Y/Y
** Lender hurt by rise in gross non-performing assets in the qtr
** Stock on track for sixth straight session of decline
** More than 485,000 shares traded, 2.3x its 30-day avg
** JANA up ~25% since listing in mid-Feb
(Reporting by Ashna Teresa Britto in Bengaluru)
(([email protected] ; ( +91 8078332441))
Oct 21 (Reuters) - Jana Small Finance Bank Ltd JANA.NS:
SEPT-QUARTER NET PROFIT 967.2 MILLION RUPEES
SEPT-QUARTER GROSS NPA 2.97%
SEPT-QUARTER INTEREST EARNED 11.66 BILLION RUPEES
SEPT-QUARTER PROVISIONS AND CONTINGENCIES 2.1 BILLION RUPEES
SEPT-QUARTER NET NPA 0.99%
Source text for Eikon: ID:nBSE9mvYY3
Further company coverage: JANA.NS
(([email protected];;))
Oct 21 (Reuters) - Jana Small Finance Bank Ltd JANA.NS:
SEPT-QUARTER NET PROFIT 967.2 MILLION RUPEES
SEPT-QUARTER GROSS NPA 2.97%
SEPT-QUARTER INTEREST EARNED 11.66 BILLION RUPEES
SEPT-QUARTER PROVISIONS AND CONTINGENCIES 2.1 BILLION RUPEES
SEPT-QUARTER NET NPA 0.99%
Source text for Eikon: ID:nBSE9mvYY3
Further company coverage: JANA.NS
(([email protected];;))
Sept 17 (Reuters) - Jana Small Finance Bank Ltd JANA.NS:
JANA SMALL FINANCE BANK LTD - RECEIPT OF REGISTRATIONS UNDER BANKERS TO ISSUE
Source text for Eikon: ID:nBSE34kTZP
Further company coverage: JANA.NS
(([email protected];;))
Sept 17 (Reuters) - Jana Small Finance Bank Ltd JANA.NS:
JANA SMALL FINANCE BANK LTD - RECEIPT OF REGISTRATIONS UNDER BANKERS TO ISSUE
Source text for Eikon: ID:nBSE34kTZP
Further company coverage: JANA.NS
(([email protected];;))
** Shares of Jana Small Finance Bank JANA.NS down 5.7% to 655 rupees
** Co's Q1 gross non-performing assets as a share of total assets worsened to 2.62% from 2.11% in Q4; net profit fell 47% QoQ but nearly doubled Y/Y
** Stock on track for worst day in a month
** JANA is first small finance bank to report its Q1 results
** Larger private lender HDFC Bank HDBK.NS beat Q1 estimates, after which shares rose
** Nifty Bank index .NSEBANK, which JANA is not part of, down 0.2%
** JANA up ~58% from IPO issue price of 414 rupees; it debuted trade on Feb. 14
** Bank index, HDBK up ~15% and ~17% respectively in the same period
(Reporting by Varun Vyas in Bengaluru)
** Shares of Jana Small Finance Bank JANA.NS down 5.7% to 655 rupees
** Co's Q1 gross non-performing assets as a share of total assets worsened to 2.62% from 2.11% in Q4; net profit fell 47% QoQ but nearly doubled Y/Y
** Stock on track for worst day in a month
** JANA is first small finance bank to report its Q1 results
** Larger private lender HDFC Bank HDBK.NS beat Q1 estimates, after which shares rose
** Nifty Bank index .NSEBANK, which JANA is not part of, down 0.2%
** JANA up ~58% from IPO issue price of 414 rupees; it debuted trade on Feb. 14
** Bank index, HDBK up ~15% and ~17% respectively in the same period
(Reporting by Varun Vyas in Bengaluru)
July 22 (Reuters) - Jana Small Finance Bank Ltd JANA.NS:
JANA SMALL FINANCE BANK LTD JUNE-QUARTER NET PROFIT 1.71 BILLION RUPEES
JANA SMALL FINANCE BANK LTD JUNE-QUARTER GROSS NPA 2.62%
JANA SMALL FINANCE BANK LTD JUNE-QUARTER INTEREST EARNED 11.67 BILLION RUPEES
JANA SMALL FINANCE BANK LTD JUNE-QUARTER PROVISIONS AND CONTINGENCIES 1.96 BILLION RUPEES
JANA SMALL FINANCE BANK LTD JUNE-QUARTER NET NPA 0.99%
Source text for Eikon: [ID:]
Further company coverage: JANA.NS
(([email protected];))
July 22 (Reuters) - Jana Small Finance Bank Ltd JANA.NS:
JANA SMALL FINANCE BANK LTD JUNE-QUARTER NET PROFIT 1.71 BILLION RUPEES
JANA SMALL FINANCE BANK LTD JUNE-QUARTER GROSS NPA 2.62%
JANA SMALL FINANCE BANK LTD JUNE-QUARTER INTEREST EARNED 11.67 BILLION RUPEES
JANA SMALL FINANCE BANK LTD JUNE-QUARTER PROVISIONS AND CONTINGENCIES 1.96 BILLION RUPEES
JANA SMALL FINANCE BANK LTD JUNE-QUARTER NET NPA 0.99%
Source text for Eikon: [ID:]
Further company coverage: JANA.NS
(([email protected];))
** Shares of Jana Small Finance Bank JANA.NS rise as much as 15.4% to hit all-time high of 577.20 rupees; last up 12.9%
** Co posts nearly four-fold surge in Q4 profit, helped by strong loan growth and improved asset quality
** Stock up nearly 41% since making market debut in February
** JANA has outperformed other small finance bank rivals; AU Small Finance Bank AUFI.NS, Ujjivan Small Finance Bank UJJI.NS, Equitas Small Finance Bank EQUI.NS which are down between 19%-5% YTD
(Reporting by Sethuraman NR in Bengaluru)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))
** Shares of Jana Small Finance Bank JANA.NS rise as much as 15.4% to hit all-time high of 577.20 rupees; last up 12.9%
** Co posts nearly four-fold surge in Q4 profit, helped by strong loan growth and improved asset quality
** Stock up nearly 41% since making market debut in February
** JANA has outperformed other small finance bank rivals; AU Small Finance Bank AUFI.NS, Ujjivan Small Finance Bank UJJI.NS, Equitas Small Finance Bank EQUI.NS which are down between 19%-5% YTD
(Reporting by Sethuraman NR in Bengaluru)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))
April 29 (Reuters) - Jana Small Finance Bank Ltd JANA.NS:
MARCH-QUARTER NET PROFIT 3.22 BILLION RUPEES VERSUS 810 MILLION RUPEES
MARCH-QUARTER INTEREST EARNED 11.11 BILLION RUPEES VERSUS 8.49 BILLION RUPEES
MARCH-QUARTER GROSS NPA 2.11% VERSUS 2.19% PREV QUARTER
MARCH-QUARTER NET NPA 0.56% VERSUS 0.71% PREV QUARTER
MARCH-QUARTER PROVISIONS AND CONTINGENCIES 1.75 BILLION RUPEES VERSUS 2 BILLION RUPEES
Further company coverage: JANA.NS
(([email protected];))
April 29 (Reuters) - Jana Small Finance Bank Ltd JANA.NS:
MARCH-QUARTER NET PROFIT 3.22 BILLION RUPEES VERSUS 810 MILLION RUPEES
MARCH-QUARTER INTEREST EARNED 11.11 BILLION RUPEES VERSUS 8.49 BILLION RUPEES
MARCH-QUARTER GROSS NPA 2.11% VERSUS 2.19% PREV QUARTER
MARCH-QUARTER NET NPA 0.56% VERSUS 0.71% PREV QUARTER
MARCH-QUARTER PROVISIONS AND CONTINGENCIES 1.75 BILLION RUPEES VERSUS 2 BILLION RUPEES
Further company coverage: JANA.NS
(([email protected];))
March 20 (Reuters) - Jana Small Finance Bank Ltd JANA.NS:
INCOME TAX DEPARTMENT RAISED A DEMAND OF 762.3 MILLION RUPEES
DISPUTED DEMAND AGAINST BANK STANDS NULLIFIED AFTER COURT ORDER
WOULD BE FILING AN APPEAL RELATING TO DISALLOWANCE OF 250.3 MILLION RUPEES
Source text for Eikon: ID:nBSE2b3cB1
Further company coverage: JANA.NS
(([email protected];))
March 20 (Reuters) - Jana Small Finance Bank Ltd JANA.NS:
INCOME TAX DEPARTMENT RAISED A DEMAND OF 762.3 MILLION RUPEES
DISPUTED DEMAND AGAINST BANK STANDS NULLIFIED AFTER COURT ORDER
WOULD BE FILING AN APPEAL RELATING TO DISALLOWANCE OF 250.3 MILLION RUPEES
Source text for Eikon: ID:nBSE2b3cB1
Further company coverage: JANA.NS
(([email protected];))
Feb 28 (Reuters) - Jana Small Finance Bank Ltd JANA.NS:
DVARA MONEY, JANA SMALL FINANCE BANK PARTNER TO FACILITATE DIGITAL BANKING
Further company coverage: JANA.NS
(([email protected];))
Feb 28 (Reuters) - Jana Small Finance Bank Ltd JANA.NS:
DVARA MONEY, JANA SMALL FINANCE BANK PARTNER TO FACILITATE DIGITAL BANKING
Further company coverage: JANA.NS
(([email protected];))
Feb 22 (Reuters) - Jana Small Finance Bank Ltd JANA.NS:
JANA SMALL FINANCE BANK DEC-QUARTER NET PROFIT 1.35 BILLION RUPEES VERSUS PROFIT 1.19 BILLION RUPEES
JANA SMALL FINANCE BANK DEC-QUARTER GROSS NPA 2.19%
JANA SMALL FINANCE BANK DEC-QUARTER INTEREST EARNED 10.38 BILLION RUPEES VERSUS 8.09 BILLION RUPEES
JANA SMALL FINANCE BANK DEC-QUARTER PROVISIONS AND CONTINGENCIES 1.61 BILLION RUPEES VERSUS 1.66 BILLION RUPEES
JANA SMALL FINANCE BANK DEC-QUARTER NET NPA 0.71%
Source text for Eikon: ID:nBSE5vNJN4
Further company coverage: JANA.NS
(([email protected];;))
Feb 22 (Reuters) - Jana Small Finance Bank Ltd JANA.NS:
JANA SMALL FINANCE BANK DEC-QUARTER NET PROFIT 1.35 BILLION RUPEES VERSUS PROFIT 1.19 BILLION RUPEES
JANA SMALL FINANCE BANK DEC-QUARTER GROSS NPA 2.19%
JANA SMALL FINANCE BANK DEC-QUARTER INTEREST EARNED 10.38 BILLION RUPEES VERSUS 8.09 BILLION RUPEES
JANA SMALL FINANCE BANK DEC-QUARTER PROVISIONS AND CONTINGENCIES 1.61 BILLION RUPEES VERSUS 1.66 BILLION RUPEES
JANA SMALL FINANCE BANK DEC-QUARTER NET NPA 0.71%
Source text for Eikon: ID:nBSE5vNJN4
Further company coverage: JANA.NS
(([email protected];;))
** Jana Small Finance Bank JANA.NS and Capital Small Finance Bank CPIA.NS down ~5% each in trading debut
** JANA debuts at 396 rupees vs issue price of 414 rupees; hits session-low of 385 rupees
** CPIA debuts at 430.25 rupees vs issue price of 468 rupees; it fell to a low of 421 rupees
** JANA's IPO, consisting of fresh issue worth ~$55 mln, was over subscribed 18.5X - exchange data
** CPIA's IPO was over subscribed 4.2X - exchange data
** JANA's interest earned for the year-ended March 31, 2023 rose ~13%, while CPIA's rose ~17%
($1 = 83.0825 Indian rupees)
(Reporting by Nishit Navin in Bengaluru)
(([email protected];))
** Jana Small Finance Bank JANA.NS and Capital Small Finance Bank CPIA.NS down ~5% each in trading debut
** JANA debuts at 396 rupees vs issue price of 414 rupees; hits session-low of 385 rupees
** CPIA debuts at 430.25 rupees vs issue price of 468 rupees; it fell to a low of 421 rupees
** JANA's IPO, consisting of fresh issue worth ~$55 mln, was over subscribed 18.5X - exchange data
** CPIA's IPO was over subscribed 4.2X - exchange data
** JANA's interest earned for the year-ended March 31, 2023 rose ~13%, while CPIA's rose ~17%
($1 = 83.0825 Indian rupees)
(Reporting by Nishit Navin in Bengaluru)
(([email protected];))
Updates with details throughout
BENGALURU, July 31 (Reuters) - Indian lender Jana Small Finance Bank JANA.BO has resubmitted its application for an initial public offering, two years after pulling its previous plan due to the pandemic and the last year it could remain private according to local market regulations.
The offer consists of fresh issue of shares worth up to 5.75 billion rupees ($70 million) and an offer for sale of up to 4.1 million shares, according to the draft herring prospectus.
Axis Capital, ICICI Securities and SBI Capital Markets are the bookrunning lead managers for the Bengaluru-based bank's IPO.
The lender commenced operations as a small finance bank in March 2018. In April 2021, Jana filed for an IPO but had to delay its fundraising plan due to the pandemic.
The Reserve Bank of India mandates that all small finance banks have to list within five years of starting operations.
Microfinance loans continue to remain the lender's mainstay business, accounting for around 44.6% of its loan portfolio, as of March 31. The balance comprises of secured advances such as loans to micro, small and medium enterprises, loans to non-banking finance companies and gold loans.
The lender held deposits worth 163.3 billion rupees, as of March 31.
The bank's total gross non-performing assets (NPA) as of March 31 stood at 7.09 billion rupees, down from 7.57 billion rupees last year, with the NPA ratio at 3.9%, the highest among peers including AU Small Finance Bank AUFI.NS, Equitas Small Finance Bank EQUI.NS and Ujjivan Small Finance Bank UJJI.NS.
The bank's gross NPA ratio stood at 6.7% as on March 31, 2021.
Jana's credit cost for 2022-23 was at 4.8%, higher than 4.6% and 3.4% reported in 2021-22 and 2020-21, respectively.
($1 = 82.2225 Indian rupees)
(Reporting by Varun Vyas in Bengaluru and Siddhi Nayak in Mumbai; Editing by Sonia Cheema)
(([email protected];))
Updates with details throughout
BENGALURU, July 31 (Reuters) - Indian lender Jana Small Finance Bank JANA.BO has resubmitted its application for an initial public offering, two years after pulling its previous plan due to the pandemic and the last year it could remain private according to local market regulations.
The offer consists of fresh issue of shares worth up to 5.75 billion rupees ($70 million) and an offer for sale of up to 4.1 million shares, according to the draft herring prospectus.
Axis Capital, ICICI Securities and SBI Capital Markets are the bookrunning lead managers for the Bengaluru-based bank's IPO.
The lender commenced operations as a small finance bank in March 2018. In April 2021, Jana filed for an IPO but had to delay its fundraising plan due to the pandemic.
The Reserve Bank of India mandates that all small finance banks have to list within five years of starting operations.
Microfinance loans continue to remain the lender's mainstay business, accounting for around 44.6% of its loan portfolio, as of March 31. The balance comprises of secured advances such as loans to micro, small and medium enterprises, loans to non-banking finance companies and gold loans.
The lender held deposits worth 163.3 billion rupees, as of March 31.
The bank's total gross non-performing assets (NPA) as of March 31 stood at 7.09 billion rupees, down from 7.57 billion rupees last year, with the NPA ratio at 3.9%, the highest among peers including AU Small Finance Bank AUFI.NS, Equitas Small Finance Bank EQUI.NS and Ujjivan Small Finance Bank UJJI.NS.
The bank's gross NPA ratio stood at 6.7% as on March 31, 2021.
Jana's credit cost for 2022-23 was at 4.8%, higher than 4.6% and 3.4% reported in 2021-22 and 2020-21, respectively.
($1 = 82.2225 Indian rupees)
(Reporting by Varun Vyas in Bengaluru and Siddhi Nayak in Mumbai; Editing by Sonia Cheema)
(([email protected];))
July 21 (Reuters) - Jana Small Finance Bank Ltd JANA.BO:
JANA SMALL FINANCE BANK LTD - BUVANESH THARASHANKAR RESIGNS AS CFO
JANA SMALL FINANCE BANK LTD - NAMES ABHILASH SANDUR AS CFO
Source text for Eikon: ID:nBSE3Y2HFm
Further company coverage: JANA.BO
(([email protected];))
July 21 (Reuters) - Jana Small Finance Bank Ltd JANA.BO:
JANA SMALL FINANCE BANK LTD - BUVANESH THARASHANKAR RESIGNS AS CFO
JANA SMALL FINANCE BANK LTD - NAMES ABHILASH SANDUR AS CFO
Source text for Eikon: ID:nBSE3Y2HFm
Further company coverage: JANA.BO
(([email protected];))
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Popular questions
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What does Jana Small Fin. Bank do?
Janalakshmi Financial Services Pvt. Ltd. is a non banking financial company providing a range of financial services including credit, savings, insurance, retail financing, and enterprise services, along with various types of loans.
Who are the competitors of Jana Small Fin. Bank?
Jana Small Fin. Bank major competitors are Ujjivan Small Fin, Suryoday Small Fin., DCB Bank, CSB Bank, Utkarsh Small Fin., ESAF Small Finance, Dhanlaxmi Bank. Market Cap of Jana Small Fin. Bank is ₹4,698 Crs. While the median market cap of its peers are ₹2,502 Crs.
Is Jana Small Fin. Bank financially stable compared to its competitors?
Jana Small Fin. Bank seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Jana Small Fin. Bank pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Jana Small Fin. Bank latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Jana Small Fin. Bank allocated its funds?
Company has been allocating majority of new resources to productive uses like advances.
How strong is Jana Small Fin. Bank balance sheet?
Latest balance sheet of Jana Small Fin. Bank is strong. Strength was visible historically as well.
Is the profitablity of Jana Small Fin. Bank improving?
No, profit is decreasing. The profit of Jana Small Fin. Bank is ₹326 Crs for TTM, ₹501 Crs for Mar 2025 and ₹670 Crs for Mar 2024.
Is Jana Small Fin. Bank stock expensive?
Jana Small Fin. Bank is expensive when considering the PE ratio, however latest Price to Book is < 3 yr avg Price to Book. Latest PE of Jana Small Fin. Bank is 14.21 while 3 year average PE is 10.69. Also latest Price to Book of Jana Small Fin. Bank is 1.05 while 3yr average is 1.33.
Has the share price of Jana Small Fin. Bank grown faster than its competition?
Jana Small Fin. Bank has given lower returns compared to its competitors. Jana Small Fin. Bank has grown at ~-12.65% over the last 2yrs while peers have grown at a median rate of -1.78%
Is the promoter bullish about Jana Small Fin. Bank?
Promoters seem not to be bullish about the company and have been selling shares in the open market. Latest quarter promoter holding in Jana Small Fin. Bank is 16.94% and last quarter promoter holding is 21.85%
Are mutual funds buying/selling Jana Small Fin. Bank?
The mutual fund holding of Jana Small Fin. Bank is decreasing. The current mutual fund holding in Jana Small Fin. Bank is 1.88% while previous quarter holding is 1.92%.