Jana Small Finance Bank Q2 FY25 results (Jul–Sep 2024) and concall

Jana Small Finance Bank reported a challenging first half of FY25, marked by a 7% de-growth in its unsecured book and elevated provisions of INR 115 crore to manage asset quality. Despite this, the bank demonstrated strong execution on its strategy to become a secured lender, with secured advances growing 16% and now forming 65% of the total book. Management expressed confidence in a stronger second half, anticipating lower credit costs and a recovery in profitability, while also revising down its PAT growth target for H2 from 30-40% to closer to 30%.