Jana Small Finance Bank Ltd · NSE:JSFB
Jana Small Finance Bank — Q4 FY25 Earnings Presentation
33 slides from Jana Small Finance Bank's earnings presentation, Apr 29, 2025
Slide 1: Investor Presentation Q4'FY25
Investor Presentation Q4’FY25 29th April 2025 Jana SFB turned 7 on 28th thMarch 2025 Jana SFB turned 7 on 28 March 2025
Slide 2: Disclaimer
Disclaimer This presentation is for information purposes only and does not constitute an offer, solicitation or advertisement with respect to the purchase or sale of any security of Jana Small Finance Bank (the “Bank”) and no part of it shall form the basis of or be relied upon in connection with an
Slide 3: PAT at Rs 501 Crs post accelerated provisioning of Rs 305 Crs
PAT at Rs 501 Crs post accelerated provisioning of Rs 305 Crs Particulars Q3 FY25 Q4 FY25 FY24 FY25 Regulatory Provision 81 76 606 448 Accelerated Provision 93 97 73 305 PBT 105 120 514 474 DTA (5) (4) (155) (28) PAT 111 123 670 501 Adjusted PAT1 198 217 587 779 Adjusted RoA2 2.33% 2.47% 2.10% 2.31%
Slide 4: Secured Asset Performance makes MFI stress a bump in the road
Secured Asset Performance makes MFI stress a bump in the road • Advances1 growth of 19% y-o-y v/s industry growth of ~11% ; AUM at Rs. 29,545 Crs • Secured growth rate of 40% with AUM of Rs. 20,633 Crs • Unsecured degrowth by 11% with AUM of Rs. 8,912 Crs • Secured book now @ 70% v/s 60% last year w
Slide 5: Deposits momentum sustained in a difficult year
Deposits momentum sustained in a difficult year • Deposits growth of 29% y-o-y v/s industry growth of ~11%; Deposits at Rs. 29,120 Crs • CASA growth of 18% y-o-y with book of Rs. 5,235 Crs • Term Deposits growth of 32% y-o-y with book of Rs. 23,884 Crs • CD ratio for FY25 at 93.3% v/s 102.4% for FY2
Slide 6: Credit cost summary
Credit cost summary • Reduced Credit cost due to improved recoveries Particulars Q3 FY25 Q4 FY25 FY24 FY25 Regulatory Provision 81 76 606 448 Accelerated Provision 93 97 73 305 Credit Cost 174 173 679 753 Less: Recoveries under Other Income 37 42 122 123 Less: Accelerated Provision 93 97 73 305 Net
Slide 7: Cost to income and Cost of deposit have peaked
Cost to income and Cost of deposit have peaked • Cost to Income ratio at 61% inspite of MFI revenue headwinds Particulars FY 24 FY 25 Opex for the period 1,605 1,943 Total Business1 47,318 58,665 Cost to Income Ratio 57.4% 61.3% Opex to Total Business (%) 3.39% 3.31% Unsecured AUM 10,002 8,912 • CAS
Slide 8: Q4 highlights - Growth in PBT with improvement in asset quality
Q4 highlights - Growth in PBT with improvement in asset quality Assets Liabilities Asset Quality Capital Quality Return Ratios P&L Metrics Rs. 29,545 Crs Rs. 29,120 Crs 2.5% Rs. 392 1.4% Rs. 120 Crs 5.6% 12.6% [2.7%] [Rs. 380] [1.3%] [105 Crs] Advances1 Growth Deposits Growth Gross NPA3 BVPS ROA PBT
Slide 9: FY25 highlights-CRAR improves to 20.7% after 19.4% Assets growth
FY25 highlights-CRAR improves to 20.7% after 19.4% Assets growth Assets Liabilities Asset Quality Capital Quality Return Ratios P&L Metrics Rs. 29,545 Crs Rs. 29,120 Crs 2.5% Rs. 392 1.5% Rs. 474 Crs 19.4% 29.0% [2.0%] [Rs. 342] [2.4%] [514 Crs] Advances1 Growth Deposits Growth Gross NPA3 BVPS ROA P
Slide 10: National franchise with strong brand recognition
National franchise with strong brand recognition 25th State - Andhra Launched Unbanked Rural Centre @ 32% MFI through BCs dropped to 5% 802 Business Correspondent (BC) Operated Outlets Bank Branches Unbanked Rural Centres % of Total Outlets Banking Outlets Advances sourced by BCs / Total Advances1 (
Slide 11: Every secured loan business showing tremendous performance
Affordable Housing and Micro LAP @ 11,900 Crs; Every secured loan business showing tremendous performance Average Average Advances1 Advances1 Category of Advance1 AUM Tenure Ticket Size Growth Growth GNPA3 NNPA3 LTV4 (As at March 31, 2025) (Months) (Rs. Mn) 2 y-o-y q-o-q Affordable Housing 6,136 213
Slide 12: Secured loan on track to 80% with geographic diversification maintained
Secured loan on track to 80% with geographic diversification maintained Moving towards 80% secured Top 3 states 38%. No concentration Maharashtra Tamil Nadu Karnataka Gujarat Secured Advances1 (Rs. Crs) 20,633 Madhya Pradesh Rajasthan Uttar Pradesh Others 69.8% 30% 33% 34% 35% 14,745 3% 59.6% 6% 5%
Slide 13: MFI – Disbursals improved in Q4 with 28% book under Guarantee Program
MFI – Disbursals improved in Q4 with 28% book under Guarantee Program Product Wise Digital y-o-y q-o-q Mar-25 ATS2 GNPA3 NNPA3 PCR Advances1 Payment Growth Growth Individual Loan 5,210 45.6% 51,153 (1.4%) 1.7% 1.1% 0.4% 66.4% - Agri 1,549 33.7% 49,672 42.8% (1.7%) 0.8% 0.0% 100.0% - Non Agri 3,661 5
Slide 14: MFI business – Safety in existing customers and IL book
MFI business – Safety in existing customers and IL book @ 63% Product Jana Loan Cycle 1 Jana Loan Cycle 2 Jana Loan Cycle 3 Jana Loan Cycle 4+ Agri 1,772 409 37 11 GL 993 62 19 12 IL 104 2,239 1,372 1,883 Overall 2,869 2,710 1,428 1,906 RFS Overall - % Portfolio Existing Customers Agri Loans - % Por
Slide 15: Bring Your Bank Home
Bring Your Bank Home Home Loan leading to Anchor Bank with Multiple Product Offerings and Special Benefits Two Wheeler loans • Pre-approved Two Wheeler loans Pre-approved Business Loan • 100% funding to the vehicle value • Additional Pre-approved line upto Rs. 5 lakhs available • Lower Processing fe
Slide 16: Anchor Bank approach has strong customer buy in
Anchor Bank approach has strong customer buy in #Average CASA Penetration TD/RD Penetration Health Insurance Penetration Relationships 98% 99% 20% 96% 91% 17% 3.6 3.8 FY24 FY25 FY24 FY25 FY24 FY25 FY24 FY25 Gold Penetration Preapproved Business Loan TWL Penetration CASA AMB Balances (Rs K) 2.2% Prog
Slide 17: CD ratio at 93.3% and 82.9% including refinance
CD ratio at 93.3% and 82.9% including refinance Top 3 states 33%. No concentration Particulars Mar-25 Dec-24 Mar-24 q-o-q (%) y-o-y (%) Karnataka Maharashtra Punjab West Bengal CASA 5,235 4,768 4,447 9.8% 17.7% Tamil Nadu Delhi Uttar Pradesh Others TD 23,884 21,097 18,124 13.2% 31.8% Total Deposits
Slide 18: Deposits – Underserved on Service and Price
Deposits – Underserved on Service and Price Optimize Distribution network –Mobilize Low-cost, stable retail deposits. Build momentum on CASA acquisitions No of Branches Avg CASA Book per Branch Avg Deposit Book per Branch 364 (in Crs) 13.4 (in Crs) 86 281 105 52 1.5 1.8 9 9 0.4 6 < 1 year 1 - 3 year
Slide 19: Digital Highlights Digital Channels
Expanding Digital Footprint Jana Digitization 90% + Digital Uptake 98 % 99% 99% Digital Highlights Digital Channels Banking transactions Loans are Digitally Sales force use are Digital processed TAB/Mobile Key Highlights Merchant QR 24,521 QR Codes Installed across merchants for FY25 Continued to be
Slide 20: Key Financials
Cor y Jana Small coo Finance Bank A SCHEDULED COMMERCIAL BANK Key Financials
Slide 21: FY25 RoA at 2.3% without accelerated provisioning impact of Rs. 305 crs
FY25 RoA at 2.3% without accelerated provisioning impact of Rs. 305 crs Adjusted RoA and RoE Secured NIMs steady along with growth RoE (%) RoA (%) NIM (%) Yield on advances (%) 23.0% 21.4% 19.8% 19.4% 16.9% 17.8% 17.2% 16.6% 7.3% 7.4% 8.0% 7.6% 2.3% 2.5% 2.1% 2.3% Q3 FY25* Q4 FY25* FY24* FY25* Q3 FY
Slide 22: Strong PCR across all businesses
Strong PCR across all businesses GNPA and NNPA returning to Pre-COVID levels Restructured Portfolio @ 0.2% of AUM Particulars Secured Unsecured BC Total Particulars Mar-25 Group Loans 3 Gross NPA1 375 155 198 729 Agricultural and allied Loans 0 Net NPA 176 42 36 254 Individual and Micro Business loa
Slide 23: P&L Statement – Q4 PBT improves by 14% Q-o-Q
P&L Statement – Q4 PBT improves by 14% Q-o-Q Particulars Q3 FY25 Q4 FY25 FY 24 FY 25 Break-up of Other Income for FY25 : Interest Income 1,177 1,199 4,014 4,710 Other Income includes: • Commission, exchange and brokerage – Interest Expense 585 602 1,886 2,317 Rs. 553 crores [Rs. 486 crores]: Net Int
Slide 24: Balance Sheet – Surplus liquidity at 2,816 Crs and refinance tenor increased
Balance Sheet – Surplus liquidity at 2,816 Crs and refinance tenor increased to ~5.6 years March 31, December 31, March 31, Borrowings: Particulars 2024 2024 2025 CAPITAL AND LIABILITIES Borrowings includes Capital 105 105 105 • Refinance - Rs. 3,018 crores Reserves & surplus 3,473 3,877 4,013 • Tie
Slide 25: Guidance for FY 2027
Guidance for FY 2027 We continue to serve aspirational India, underserved both on deposits and loans We continue to increase our secured business proportion each year. We are creating a sustainable, predictable and long term franchise. Digital with high standards of governance and customer service a
Slide 26: Experienced and professional management and Board
Experienced and professional management and Board Experienced board with diverse business experience in well-known financial services institutions and banks Name & Designation Past Experience Name & Designation Past Experience Ramalingam Ramaseshan Ajay Kanwal Part-Time Chairman and • National Commo
Slide 27: Experienced and professional management and Board
Experienced and professional management and Board International best practices in risk management, compliance and governance introduced by management with an average experience of 27 years in financial services Name & Designation Past Experience Name & Designation Past Experience Name & Designation
Slide 28: CSR led by employees with direct community interaction
CSR led by employees with direct community interaction 56 CSR Projects undertaken across 16 states during current year Promoting health care including preventive health care and sanitation • Ultrasonography Machine • CRRT machine • HPLC Analyser • High Speed Drill) • Matrix Blood Gas Analyser • Haem
Slide 29: Excellence being recognized – FY 25
Excellence being recognized – FY 25 IBS Intelligence Leader in digital Emerging Asian Banking Awards WOW Workplace Digital Banking transformational strategy by Chambers of Commerce 2025 BFSI Award Awards 2024 By BFSI Leadership Best Small Finance Bank, India, by Jombay Best performance on profitabil
Slide 30: Thank You
Jana Small Finance Bank A SCHEDULED COMMERCIAL BANK Thank You
Slide 31: Innovative Product offerings
Innovative Product offerings 31
Slide 32: Best-in-class segment offerings
Best-in-class segment offerings 32
Slide 33: Abbreviations
Abbreviations Abbreviation Expansion Abbreviation Expansion AUM Advances Under Management MFI Micro Finance Institution BC Business Correspondents MSME Micro, Small and Medium Enterprises CAGR Compounded Annual Growth Rate NACH National Automated Clearing House CASA Current Account and Savings Accou
Jana Small Finance Bank — Q4 FY25 Earnings Presentation on 6ix