Jana Small Finance

Jana Small Finance Bank delivered a strong Q4 FY26, meeting all prior guidance on PAT (₹140Current reported value: 140. No comparable prior figure is available in the source record. crore), net credit cost (0.47%), and SMA (3.66%Current 3.66%. Reported change: -33 bps YoY.). The MFI stress is behind, with slippages at ₹334 crore—the lowest in eight quarters. Secured assets grew 28% YoY, now 72.6%Current 72.6%. Reported change: +28% YoY. of the book, while unsecured disbursements hit a record ₹2,522 crCurrent ₹2,522 Cr. Reported change: +24% QoQ.ore. The bank guided for 19-21%Current reported value: 19-21%. No comparable prior figure is available in the source record. loan growth, 23-25%Current reported value: 23-25%. No comparable prior figure is available in the source record. deposit growth, and 80%+Current reported value: 80%+. No comparable prior figure is available in the source record. PAT growth in FY27. Cost of funds declined 50 bps YoY to 7.46%, with further improvement expected in Q1. Key risks include potential spillover from the Middle East conflict on MSME customers and the need to sustain CASA growth after a Q4 dip.