Jana Small Finance Bank Ltd · NSE:JSFB
Jana Small Finance Bank — Q3 FY26 Earnings Presentation
33 slides from Jana Small Finance Bank's earnings presentation, Feb 6, 2026
Slide 1: Q3 and 9M FY26 Investor Presentation
Jana Small Finance Bank Q3 and 9M FY26 Investor Presentation 6th February 2026
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: Q3 – Issues Bottomed Out
Q3 – Issues Bottomed Out • Reduction in slippages and SMA trend with peak in Q1 FY26. • Slippages and SMA in Mar’26 expected to be lower than Mar’24 when the MFI flows began. • Highest Disbursal for both secured and unsecured since Q1 FY25. • Improvement in NIM first time since Q1 FY25 by a modest 1
Slide 4: Challenges during the period - Impact on P&L (9 months)
Challenges during the period - Impact on P&L (9 months) • Our Miss – underjudged the velocity of flows in Q1 and slower than expected steepness of improvement in Q2. Took us Q3 to actually materialize it. Impact in Impact in Particulars Net Impact Income Cost Slow growth in Unsecured Book leading to
Slide 5: Slippages downward trend with a 25.8% drop in Q3 FY26 & Q4 estimate
Slippages downward trend with a 25.8% drop in Q3 FY26 & Q4 estimate Particulars Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26E Credit Cost 196 204 277 ~170-190 Less: Recoveries under Other Income 31 33 25 Less: Accelerated Provision 150 72 70 Net Credit Cost 15 99 182 GNPA Movement Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26
Slide 6: Significant improvement in SMA Book
Significant improvement in SMA Book Overall Portfolio Unsecured Book 7.3% 6.8% 6.4% 5.3% 6.2% 31.8% 4.2% 5.6% 3.8% 5.3% 30.2% 5.0% 4.6% 29.0% 4.0% 27.5% 27.3% 26.8% Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26E Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26E Unsecured Mix (%) Total SMA as % of AUM Secured B
Slide 7: Majority Unsecured Book shifting towards Guarantee reducing future collection uncertainty
Majority Unsecured Book shifting towards Guarantee reducing future collection uncertainty caused by stress • ~85% of Unsecured book will be covered Particulars FY 25 FY 26 FY 27 FY 28 under Guarantee scheme by Mar-27. Unsecured book 8,912 9,667 • The focus on maintaining strong credit quality - Cove
Slide 8: P&L summary and Q4’26 expectation
P&L summary and Q4’26 expectation Particulars Q3 FY25 Q2 FY26 Q3 FY26 Q4 FY26E Operating Profit 279 279 287 Less: Regulatory Provision 81 132 207 Accelerated Provision 93 72 70 Profit Before Tax 105 75 10 140-160 DTA (5) - - - Profit After Tax 111 75 10 140-160 RoA1 1.3% 0.7% 0.1% ~1.5% RoE1 11.2% 7
Slide 9: Sustained Growth Across Deposits and Advances
Sustained Growth Across Deposits and Advances • Deposits and CASA – • YTD CASA grew by 29%, QoQ growth of 13% • YTD growth in Term Deposits of 13%, QoQ growth of 2% • Total Deposits at Rs. 33,733 crores; YTD growth of 16% • Cost of Deposits at 7.7% for Q3 from 7.9% in Q2 and expected to reduce furth
Slide 10: National franchise with strong brand recognition
National franchise with strong brand recognition 816 Outlets; Presence in 23 States and 2 UTs Expansion plan for FY261 New Products launch plan No of branches TAMIL NADU 12.5% 20 MAHARASHTRA 11.5% 18 ODISHA 10.9% 14 MADHYA PRADESH 10.7% KARNATAKA 7.8% 8 GUJARAT 7.7% RAJASTHAN 6.1% WEST BENGAL 6.0% Q
Slide 11: On track for advances growth of ~20% for the year
On track for advances growth of ~20% for the year • Advances1 growth of 19% y-o-y and 5% q-o-q to Rs. 33,324 Crs • Secured growth rate of 27% y-o-y and 6% q-o-q • Gold - 18% q-o-q, Vehicle Loans 21% q-o-q and Affordable housing 8% q-o-q growth continues to maintain Secured book growth • Secured book
Slide 12: Unsecured book grows by 4.1% QoQ; Secured growth led by Affordable Housing, Gold and Vehicle loans
Unsecured book grows by 4.1% QoQ; Secured growth led by Affordable Housing, Gold and Vehicle loans Average Advances1 Advances1 Category of Advance1 GLP Ticket Size Growth Growth GNPA3 NNPA3 LTV4 (As at December 31, 2025) (Rs. Mn) 2 y-o-y q-o-q Affordable Housing 7,546 1.24 35.3% 7.8% 0.7% 0.6% 50.8%
Slide 13: 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) 24,250 Madhya Pradesh Rajasthan Uttar Pradesh Others 22,952 21,244 20,633 72.8% 71.0% 72.5% 69.8%
Slide 14: 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 15: Anchor Bank Positioning for Rising India shows all round progress
Anchor Bank Positioning for Rising India shows all round progress #Average CASA Penetration TD/RD Penetration Health Insurance Penetration Relationships 99% 99% 92% 91% 4.0 20% 21% 3.7 Q3 FY25 Q3 FY26 Q3 FY25 Q3 FY26 Q3 FY25 Q3 FY26 Q3 FY25 Q3 FY26 Gold Penetration Preapproved Business Loan TWL Pene
Slide 16: MFI – portfolio continues to grow in Q3 turning Y-O-Y growth to positive
MFI – portfolio continues to grow in Q3 turning Y-O-Y growth to positive Product Wise Digital y-o-y q-o-q Dec-25 ATS2 GNPA3 NNPA3 PCR Advances1 Payment Growth Growth Individual Loan 5,279 37.7% 55,917 3.0% 5.9% 1.0% 0.7% 28.6% - Agri 1,250 22.0% 47,556 (20.7%) (11.4%) 2.4% 2.1% 10.5% - Non Agri 4,02
Slide 17: Deposit Growth continues at lower cost
Deposit Growth continues at lower cost • Cost of deposits reduces by ~17 bps to 7.7% for Q3 FY26 vs 7.9% in previous quarter • Deposits growth of 30% y-o-y and 4% q-o-q to Rs. 33,733 Crs • CASA growth of 41% y-o-y and 13% q-o-q to Rs. 6,742 Crs; CASA ratio at 20% • Term Deposits growth of 28% y-o-y
Slide 18: Reduction in cost of funds along with overall growth in Deposits
Reduction in cost of funds along with overall growth in Deposits Top 3 states 33%. No concentration Particulars Dec-25 Sep-25 Dec-24 q-o-q (%) y-o-y (%) Karnataka Maharashtra Punjab West Bengal CASA 6,742 5,960 4,768 13.1% 41.4% Tamil Nadu Delhi Uttar Pradesh Others TD 26,991 26,572 21,097 1.6% 27.9
Slide 19: Expanding Digital Footprint
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 31,075 QR Codes Installed across merchants Continued to be the top
Slide 20: Q3 Highlights – QoQ comparison
Q3 Highlights – QoQ comparison Assets Liabilities Asset Quality Capital Quality Return Ratios P&L Metrics Rs. 33,324 Crs Rs. 33,733 Crs 2.5% Rs. 411 0.1% Rs. 10 Crs 5.3% 3.7% [2.8%] [Rs. 410] [0.7%] [75 Crs] Advances1 Growth Deposits Growth Gross NPA3 BVPS ROA PBT (q-o-q) (q-o-q) 72.8% 65.2% 0.9% 20
Slide 21: 9M Highlights – YoY comparison
9M Highlights – YoY comparison Assets Liabilities Asset Quality Capital Quality Return Ratios P&L Metrics Rs. 33,324 Crs Rs. 33,733 Crs 2.5% Rs. 411 0.6% Rs. 187 Crs 19.1% 30.4% [2.7%] [Rs. 380] [1.5%] [354 Crs] Advances1 Growth Deposits Growth Gross NPA3 BVPS ROA PBT (y-o-y) (y-o-y) 72.8% 65.2% 0.9
Slide 22: Key Financials
Cor y Jana Small coo Finance Bank A SCHEDULED COMMERCIAL BANK Key Financials
Slide 23: Financial Ratios
Financial Ratios RoA and RoE1 Yield and NIMs2 RoE (%) RoA (%) NIM (%) Yield on advances (%) 13.2% 17.4% 16.1% 16.1% 16.3% 7.1% 5.8% 6.7% 7.7% 6.7% 6.6% 0.9% 1.5% 0.7% 0.1% 0.6% Q2 FY26 Q3 FY26 9M FY25 9M FY26 Q2 FY26 Q3 FY26 9M FY25 9M FY26 Operational efficiencies Total Revenues growth – 16% y-o-y
Slide 24: Strong PCR across all businesses especially Secured
Strong PCR across all businesses especially Secured GNPA and NNPA Restructured Portfolio @ 0.2% of Advances2 Particulars Secured Unsecured BC Total Particulars Dec-25 Group Loans 1 Gross NPA 240 236 353 829 Agricultural and allied Loans 0 Net NPA 174 80 41 295 Individual and Micro Business loans 0 L
Slide 25: P&L Statement
P&L Statement Break-up of Other Income for Q3 FY26: Particulars Q3 FY25 Q2 FY26 Q3 FY26 9M FY25 9M FY26 Other Income includes: • Commission, exchange and brokerage – Interest Income 1,177 1,305 1,384 3,511 3,941 Rs. 201 crores [Rs. 190 crores]: Interest Expense 585 686 709 1,714 2,051 • Processing F
Slide 26: Balance Sheet – Robust Financial Position
Balance Sheet – Robust Financial Position Dec 31, Sep 30, Dec 31, Particulars Borrowings: 2024 2025 2025 CAPITAL AND LIABILITIES Borrowings includes Capital 105 105 105 • Refinance - Rs. 2,862 crores Reserves & surplus 3,877 4,209 4,220 • Tier-2 capital - Rs. 375 crores Deposits 25,865 32,532 33,733
Slide 27: 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 Name & Designation Past Experience Ramalingam Ramaseshan# • National Mr.
Slide 28: 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 ~29 years in financial services Name & Designation Past Experience Name & Designation Past Experience Name & Designation
Slide 29: Jana’s excellence being recognized at different Forums
Jana’s excellence being recognized at different Forums In November 2025, JSFB has been Awarded for Best Print Advertising and Best TV Advertising at the afaqs! BankFin360 Awards Jana Small Finance Bank has been awarded "Best Print Advertising" and "Best TV Advertising" by afaqs! at the BankFin360 Aw
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 BC Business Correspondents MFI Micro Finance Institution CAGR Compounded Annual Growth Rate MSME Micro, Small and Medium Enterprises CASA Current Account and Savings Account NACH National Automated Clearing House CGFMU Credit Guarantee Fund
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