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Net interest income improved by 26.7% to Rs 736 crore in Q4 FY26 from Rs 581 crore in Q4 FY25.
Operating expenditure for the period under review was Rs 1375.48 crore, up 20.6% YoY.
Accordingly, operating profit in the March 2026 quarter jumped 20.7% to Rs 334.72 crore from Rs 277.42 crore in the same period last year.
Provisions & contingencies added up to Rs 194.90 crore in Q4 FY26, up 23.7% YoY.
Profit before tax in Q4 FY26 stood at Rs 139.82 crore, up by 16.7% from Rs 119.84 crore in Q4 FY25.
For FY26, the bank has posted net profit and total income of Rs 326.43 crore (down 34.9% YoY) and Rs 6,374.76 crore (up 17.0% YoY), respectively.
The gross NPA ratio declined to 2.46% as on March 2026 as against 2.71% as on March 2025. Net NPAs came in at 0.92% in Q4 FY26 as compared with 0.94% in Q4 FY25.
As on 31 March 2026, deposits amounted to Rs 35,784 crore (up 22.9% YoY) while advances added up to Rs 33,828 crore (up 24.6% YoY).
Capital Adequacy ratio at 19.4% with Tier-1 CRAR of 17.5% as on 31 March 2026.
Ajay Kanwal, MD and CEO, Jana Small Finance Bank said: 'Q4 FY26 has been a strong and encouraging quarter for the Bank, reflecting the resilience of our business model and the disciplined execution of our strategy. We have delivered both on quantity and quality and see it sustaining into next FY.
As we move into the new financial year, we remain cautiously optimistic. While the macroeconomic environment continues to evolve, we are confident in our ability to sustain growth momentum while maintaining prudent risk management and strong governance standards. We remain committed to sustaining the turnaround of Q4 into next FY.'
Jana Small Finance Bank (Jana SFB), a scheduled commercial bank, is the fourth largest small finance bank in India with an experience of over 17 years in lending and serving more than 12 million customers.
The scrip shed 0.83% to currently trade at Rs 462.20 on the BSE.
For the full year,net profit declined 34.90% to Rs 326.43 crore in the year ended March 2026 as against Rs 501.42 crore during the previous year ended March 2025. Total Operating Income rose 14.59% to Rs 5352.87 crore in the year ended March 2026 as against Rs 4671.31 crore during the previous year ended March 2025.
PNB Housing Finance Ltd, Jana Small Finance Bank Ltd, 63 Moons Technologies Ltd and Ethos Ltd are among the other gainers in the BSE's 'A' group today, 21 April 2026.
Lemon Tree Hotels Ltd soared 8.97% to Rs 123.25 at 11:47 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 16.69 lakh shares were traded on the counter so far as against the average daily volumes of 2.69 lakh shares in the past one month.
PNB Housing Finance Ltd spiked 8.08% to Rs 979. The stock was the second biggest gainer in 'A' group. On the BSE, 9.43 lakh shares were traded on the counter so far as against the average daily volumes of 39292 shares in the past one month.
Jana Small Finance Bank Ltd surged 7.97% to Rs 412.95. The stock was the third biggest gainer in 'A' group. On the BSE, 18235 shares were traded on the counter so far as against the average daily volumes of 20891 shares in the past one month.
63 Moons Technologies Ltd spurt 7.76% to Rs 754.5. The stock was the fourth biggest gainer in 'A' group. On the BSE, 60006 shares were traded on the counter so far as against the average daily volumes of 22565 shares in the past one month.
Ethos Ltd jumped 7.16% to Rs 2516. The stock was the fifth biggest gainer in 'A' group. On the BSE, 1174 shares were traded on the counter so far as against the average daily volumes of 1554 shares in the past one month.
CARE Ratings stated that the reaffirmation of the rating assigned to Jana Small Finance Bank (JSFBL) factors in the bank’s adequate capitalisation, steady growth in business scale, and increasing diversification of its loan portfolio.
The credit profile is supported by the bank’s ongoing strategic shift to secured retail and micro, small and medium enterprise (MSME) segments from unsecured microfinance lending, which would enhance portfolio stability in the medium term but would also exert pressure on yields going forward.
Share of microfinance loans in the advances book declined to 27% as on 31 December 2025, from 40% as on 31 March 2024, while the proportion of secured advances increased to 73% from 60%, with management targeting a further increase to 80% in the medium term.
Improvement in microfinance asset quality indicators in recent quarters supported a gradual resumption of growth in the unsecured portfolio from Q3 FY26.
However, ratings are constrained by deterioration in asset quality and moderation in profitability in FY25 and 9MFY26, primarily due to stress in the microfinance segment, which resulted in elevated credit costs and impacted earnings.
On the liability side, while the bank continued to expand its deposit base and improve its credit-to-deposit ratio, the current account savings account (CASA) ratio remained relatively low at 20% as on 31 December 2025, with a relatively high dependence on bulk deposits.
The rating remains constrained by elevated refinancing and repayment risks at the holding companies, Jana Capital and Jana Holdings.
The agency further said that factors like increasing scale of operations, while maintaining adequate capitalisation levels; improvement in deposits profile, with improvement in the CASA proportion and credit to deposit (CD) ratio on a sustained basis; and an improvement in the asset quality and profitability on a sustained basis.
However, a deterioration in asset quality leading to significant moderation in profitability parameters and a deterioration in capital adequacy parameters with capital adequacy ratio (CAR) falling below 17% on a sustained basis could lead to negative rating action.
Jana Small Finance Bank is a Bengaluru-based SFB focused on retail banking, with emphasis on microfinance, housing loans, micro housing/M-LAP, and micro and small enterprise lending. As on 31 December 2025, the bank operated through 816 branches and reported deposits of Rs 33,733 crore and advances of Rs 33,324 crore.
The scrip shed 0.70% to currently trade at Rs 391.10 on the BSE.
“The RBI has returned the application made for voluntary transition to a universal bank due to non-fulfilment of the criteria mentioned in the RBI circular in this regard,” Jana Small Finance Bank stated in its filing.
For an SFB to transition into a universal bank, it must meet a series of eligibility requirements laid out by the RBI. The bank should have a minimum net worth of Rs 1,000 crore and be operating as a scheduled bank with a satisfactory performance record for at least five years. Financially, it must have posted net profits in the past two financial years, with gross non-performing assets not exceeding 3% and net NPAs capped at 1% over the same period. The bank’s shares also need to be listed on a recognized stock exchange.
Additionally, the RBI does not allow the introduction of new promoters or changes to existing promoter structures during the transition process. Any previously approved promoter shareholding dilution plan must remain unchanged. Preference is generally given to SFBs that have a well-diversified loan portfolio, signaling stability and reduced risk.
The move delays the Bengaluru-based lender's plans to expand its operations and product offerings under a universal bank license. Jana Small Finance Bank, which began operations as a small finance bank in 2018, has been aiming to upgrade its status as part of its long-term growth strategy.
Jana Small Finance Bank, a scheduled commercial bank, is the 4th largest Small Finance Bank in India. The bank has a national presence across 23 states and 2 union territories, spread across 814 branches.
On a standalone basis, net profit of Jana Small Finance Bank declined 22.47% to Rs 74.99 crore while net interest income rose 4.04% to Rs 618 crore in Q2 September 2025 over Q2 September 2024.