GNPA improved to 2.0% as of March 31, 2024, as against 3.6% as of March 31,2023
FinTech BizNews Service
Mumbai, April 29, 2024: Jana Small Finance Bank announced its audited financial results for the fourth quarter and financial year ending March 31, 2024.
Key Highlights for FY24:
· Net Interest Income has grown to Rs2,127 crore in FY24 vs Rs1,660 crore in FY23, up by 28.1% YoY
· Loan AUM stands at Rs24,746 crore, growing by 24.9% YoY o Secured book grew by 33% YoY o Affordable Housing book grew more than 57% YoY o Micro LAP loan book grew by 40% YoY o Two-wheeler book has increased by 107% YoY o Unsecured book grew by 14% YoY
· Total Deposits stand at Rs22,571 crore, growing by 38% YoY o CASA deposits stand at Rs4,447 crore, increasing by 35% YoY o CASA ratio stands at 20% as at March-2024
· Profit after tax (PAT) stood at Rs670 crore in FY24 as compared to Rs256 crore in FY23, registering a growth of 162% YoY. PAT for FY24 considers Rs155 crore of DTA recognized in Q4-FY24
· GNPA improved to 2.0% as of March 31, 2024, as against 3.6% as of March 31,2023
· NNPA improved to 0.5% as of March 31, 2024, as against 2.4% as of March 31,2023
· PCR at 74% as of March 31, 2024
· NIM% improved to 8.0% in FY24 as against 7.8% in FY23
· ROA & ROE for FY24 stands at 2.4% and 26.9% respectively. ROA & ROE adjusted for DTA is at 1.8% and 20.7% respectively.
