Q3 2026 Jana Small Finance Bank Ltd Earnings Call Transcript
Key Points
- Jana Small Finance Bank Ltd (NSE:JSFB) reported a significant reduction in slippages and SMA trends, indicating improved asset quality.
- The bank achieved its highest disbursal in both secured and unsecured loans in the last 18 months, showcasing strong lending growth.
- There was a notable improvement in the net interest margin (NIM), with expectations of further enhancement in the upcoming quarter.
- The deposit book demonstrated robust growth of 30% year-on-year, while the cost of funds continued to decline.
- The bank's strategic move to place its unsecured book under a guarantee program is expected to yield financial benefits in the coming years.
- The bank experienced a delay in achieving expected improvements in slippages and SMA trends, which were anticipated in Q2 but realized in Q3.
- Increased collection and recovery costs impacted financial performance, costing INR40 crores over nine months.
- A change in labor code resulted in an additional cost of INR12 crores for the bank.
- High slippages in Q1 led to a significant drop of INR110 crores, affecting the bank's financial results.
- The bank's application for a Universal Bank license was returned by the RBI, requiring updates and resubmission.
Ladies and gentlemen, good day and welcome to Jana Small Finance Bank Limited Q3 FY'26 earnings conference call hosted by ICICI Securities Limited. (Operator Instructions).
I now hand the conference over to Mr. Chintan Shah from ICICI Securities. Thank you and over to you, sir.
Yeah, thank you Good evening, everyone, and welcome to the Q3 at FY'26 results conference call of, Janna Small Finance Bank. We would like to, thank Jenna Small Finance Bank for giving us the opportunity to host the con call. From the, management we have Mr. Ajay Kanwal, our managing director and Chief Executive Officer, Mr. K S Raman, executive Director, Mr. Abhilash Sandur, Chief Financial Officer, and other senior management team members. Now, without further ado, I would now like to hand over the floor, to, Mr. M D sir, who will give his opening remarks, and then post which we can open the floor for questions. Thank you and over to you, sir.
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