Loan Growth: 19-21% for FY27
Management reiterated guidance for gross loan growth of 19-21% for the full year, driven by secured assets (affordable housing, gold loans, two-wheelers, MSME) while MFI book targets 10-12% growth.
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Jana Small Finance Bank · forward-looking guidance across the available source record.
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growth
Deposit Growth: 20-25% for FY27
Target deposit growth of 20-25% for FY27. CASA grew 7.1% QoQ and retail term deposits grew 31% YoY. Management expects healthier deposit growth in Q2 after rate increases in June.
PAT: 80%+ for FY27
Management targets PAT of 80%+ for the full year. PAT was 155 crore in Q1. The guarantee commission expense of 80-100 crore is now factored into cost base.
Cost-to-Income Ratio: 63-65% by Year-End
Cost-to-income ratio currently at ~66.7%. With nominal expense growth (only 10 crore increase Q4 to Q1) and ~20% asset growth, management expects ratio to reduce to 63-65% range during the year.
Credit Line on UPI: Q2 Launch
Credit line on UPI has been tested for over a quarter and will go public in Q2. This is designed as a mass-scale product for small-ticket needs like consumer durables, education loans, and emergency medical expenses.
Q4 FY26 PAT guidance of 140-160 crore
Management expects Q4 PAT to be between 140 and 160 crore, a significant improvement from Q3 PAT of 10 crore.
FY27 credit cost guidance of 1.7-1.8%
Credit cost is expected to decline to 1.7-1.8% in FY27 from an estimated 2.6-2.7% in FY26, driven by lower SMA and provisioning.
FY27 ROA of 1.5-1.6% and ROE of 14-15%
Management guided for ROA of 1.5-1.6% and ROE of 14-15% in FY27, supported by NIMs crossing 7% and lower credit costs.
Cost-to-income ratio to normalize to 60-62% by Q2-Q3 FY27
Cost-to-income ratio is expected to normalize to 60-62% by Q2 or Q3 of next financial year as unsecured growth resumes and slippages reduce.