The bank, which was listed on the bourses at a 4.4% discount to the IPO price of Rs 414 on February 14, said that its total income for the quarter was 20% higher at Rs 1178 crore.
Its operating profit was at Rs 295 crore against Rs 285 crore. It kept aside Rs 161 crore as provisions and contingencies in the period as compared with Rs 168 crore. Its gross non-performing assets ratio fell to 2.1% as of December 31, 2023, as against 5.8% a year back.
Jana had assets under management at Rs 23,610 crore at the end of December, reflecting a 28.4% year-on-year growth. From its origin of being an NBFC-MFI, it started its banking journey in March 2018 and diversified businesses into other areas other than microfinance, making 60% of its lending book secured mostly backed by mortgages.
Its total deposits stood at Rs 20,785 crore, growing by 36.5% year-on-year.
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