Jana Small Finance Bank Soars on Strong Q4 Earnings

- Record High: Jana Small Finance Bank's shares surged 15.37% to ₹577.20, driven by robust Q4 performance.

- Profit Surge: Net profit in Q4FY24 jumped 297% to ₹321.67 crore.

- FY24 Highlights: Profit after tax for FY24 grew 162% to ₹670 crore.

- Net Interest Income (NII): Increased by 28.1% YoY to ₹2,127 crore in FY24.

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- Loan Growth: Loan Assets Under Management (AUM) reached ₹24,746 crore, up by 24.9% YoY.

- Asset Quality: Gross non-performing assets (GNPA) improved to 2.0%, while net NPAs (NNPA) stood at 0.5%.

- CEO's Perspective: Ajay Kanwal, MD and CEO, highlighted the bank's focus on serving aspirational India with a customer-led approach.

- Risk Diversification: 60% of the loan book classified as secured, primarily in Home Loan and Loan Against Property products.

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