Jana SFB: RBI finds ₹169 Cr Gross NPA divergence for FY25

Jana Small Finance Bank disclosed a divergence in asset classification and provisioning for Non-Performing Assets (NPAs) for the financial year 2024-25, as per the Reserve Bank of India's (RBI) Risk Assessment Report. The RBI assessed Gross NPAs at ₹919 crore, higher than the bank's reported ₹750 crore, resulting in a divergence of ₹169 crore. Similarly, Net NPAs assessed by RBI were ₹423 crore, compared to the bank's reported ₹254 crore, also a divergence of ₹169 crore. The provisioning divergence was ₹42 crore, with RBI assessing ₹537 crore against the bank's reported ₹495 crore. Consequently, the adjusted (notional) Net Profit After Tax (PAT) for FY2025, considering this divergence, would be ₹459 crore, down from the reported ₹501 crore. The bank stated that this divergence has already been provided for in FY2026, with no further impact on the P&L for FY2027.