Jana SFB's Q3 Profit Plunges, Yet Deposits and Asset Quality Provide Reassurance

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Jana SFB Q3 Profit Plunges 91.2% to ₹9.7 Cr, Deposits & Asset Quality Offer Comfort

Jana SFB Q3 Profit Plunges 91.2% to ₹9.7 Cr, Deposits & Asset Quality Offer Comfort

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CNBC TV18•06-02-2026, 17:22

Jana SFB Q3 Profit Plunges 91.2% to ₹9.7 Cr, Deposits & Asset Quality Offer Comfort

•Jana Small Finance Bank reported a sharp 91.2% year-on-year decline in net profit to ₹9.7 crore in Q3 FY24.
•Despite the profit drop, Net Interest Income (NII) rose 13.8% to ₹675 crore, indicating steady core income.
•Asset quality improved sequentially, with Gross NPA declining to 2.59% from 2.87% in the previous quarter.
•Total deposits grew significantly by 30% year-on-year, reaching ₹33,733 crore.
•MD & CEO Ajay Kanwal attributed lower profit to higher credit provisioning, expecting moderation in credit costs from Q4.

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