About Jana Small Finance Bank Limited

Jana Small Finance Bank Limited traces its origins to an erstwhile NBFC that was converted into a banking company under the leadership of Managing Director and CEO, Ajay Kanwal, on August 30, 2017, marking a key milestone in its transformation journey towards sustainable growth and profitability. The Bank operates across India with 802 banking outlets as of March 31, 2025, serving individuals, MSMEs, non-individuals, NR, government, large corporates, and farmers, with operations present in 23 states and 2 union territories and no international presence. Its activities comprise retail banking, treasury, wholesale banking, and other banking operations, contributing 100% of turnover per disclosures, with NIC code 64191. The Bank reported strong franchise metrics in FY 2024-25: deposits of Rs 29,119.78 crore (up 29% YoY), advances of Rs 27,155.48 crore, and a CRAR of 20.68%, with retail deposits including CASA forming 58.8% of overall deposits. Advances Under Management grew 19.4% to Rs 29,545 crore, with secured AUM near 70% after 40% YoY growth, while banking outlets were 802 versus 808 a year earlier, and asset quality stood at GNPA 2.71% and NNPA 0.94%.

Jana Small Finance Bank Limited Business Segment

• The Bank identifies its main activity as banking—retail banking, treasury, wholesale banking, and other operations—accounting for 100% of turnover in FY 2024-25 as per regulatory disclosures.

• Geographic mix (domestic vs. international): The Bank serves only India; no international operations are disclosed, hence revenue split by geography is not applicable based on the report.

• Sectoral exposure snapshot (gross advances disclosure): Agriculture and allied Rs 4,805.45 crore, industrial Rs 1,822.79 crore, services Rs 9,451.71 crore, and retail loans Rs 11,570.94 crore in FY 2024-25, totaling Rs 27,650.89 crore, indicating diversified on-book sectoral allocation.

Jana Small Finance Bank Limited Key Management

• Ajay Kanwal — Managing Director & CEO; senior banker with 36+ years experience; led conversion from NBFC to Bank; on Board since August 30, 2017.

• K. S. Raman — Executive Director; appointed effective January 1, 2024 with RBI approval dated November 2, 2023; 36+ years multinational banking experience in risk and business roles.

• R. Ramaseshan — Chairman (Non-Executive); attended 9 of 9 Board meetings in FY 2024-25.

• P. Vijaya Kumar — Director; Chair, Risk Management Committee.

• Chitra Talwar — Director; Chair, Nomination and Remuneration Committee.

• Dinesh Patwari — Director; Chair, Audit and Compliance Committee.

Latest Updates on Jana Small Finance Bank Limited

• Board recommended re-appointment of Ajay Kanwal as Executive Director liable to retire by rotation, following independent directors’ evaluation on January 21, 2025 and Board due diligence on April 30, 2025.

• Board approved, on June 27, 2025, revisions to remuneration for Ajay Kanwal and K. S. Raman effective April 1, 2025, subject to RBI and shareholder approvals.

• Appointment of Ms. Nagendra D Rao and Associates LLP as Secretarial Auditors for five years from the 19th AGM to the 24th AGM; proposed remuneration Rs 3.00 lakh plus taxes and OPE for FY ending March 31, 2026.

• Proposal to raise up to Rs 300.00 crore via non-convertible debt securities on private placement basis, approved by the Board on July 22, 2025, subject to member approval.

• Adoption of Jana Employee Stock Option Plan 2025, with up to 13,66,730 options and fair value accounting; exercise price linked to NSE closing averages; aimed at retention and alignment with long-term goals.