Press Release29 Apr 2024, 09:37 pm
Jana Small Finance Bank Reports Highest Ever FY24 PAT: 3670 Crore
AI Summary
The Board of Directors of Jana Small Finance Bank has approved the audited financial results for the fourth quarter and financial year ending March 31, 2024. Key highlights include a 162% Year-Over-Year (YoY) increase in Profit After Tax (PAT) to 3670 crore, a Net Interest Income growth of 28.1% YoY, and a Total Deposits growth of 38% YoY. Other highlights include loan assets under management (AUM) growth of 24.9% YoY, and improvement in key financial ratios such as Gross Non-Performing Assets (GNPA) and Net Non-Performing Assets (NNPA). The full summary includes details on individual loan book categories, the CASA ratio, and return ratios.
Key Highlights
- Net Interest Income grew by 28.1% YoY to 22,127 crore
- Total Deposits grew by 38% YoY to 322,571 crore
- PAT increased by 162% YoY to 3670 crore
- GNPA improved to 2.0% as of March 31, 2024
- NNPA improved to 0.5% as of March 31, 2024
- PCR at 74% as of March 31, 2024