Strong Equity Investor backing
TPG Capital Asia (AUM: $35 Billion) holds 8.2% in Jana SFB and 20% at holding company level
Successful IPO
The Bank raised 570 Crores through its IPO in February 2024. Currently, market cap of Jana SFB is ~Rs 6,500 Crore
Profitability
Highest ever profit of Rs 670 Crores achieved in FY 24 owing to higher margin, lower credit cost and lower operating expenses
Rating Upgrade
ICRA has upgraded long term rating from BBB+/ Positive to A-/ Stable
Improved asset quality and earnings profile
Jana SFB’s GNPA improved to 2% as of March 2024 from 3.6% as of March 2023 and 5% as of March 2022. This was on the back of the strong AUM growth in FY2023 and FY2024