Latest news with #JanaSmallFinanceBank
Time of India
09-05-2025
- Business
- Time of India
RBI imposes penalties on SBI, Jana Small Finance Bank
The RBI on Friday said it has imposed penalties on State Bank of India and Jana Small Finance Bank for certain deficiencies in compliance of norms. The Reserve Bank of India (RBI) said a penalty of Rs 1,72,80,000 has been imposed on SBI for non-compliance with certain directions on "Loans and Advances-Statutory and Other Restrictions", "Customer Protection - Limiting Liability of Customers in Unauthorised Electronic Banking Transactions", and "Opening of Current Accounts by Banks - Need for Discipline". In another statement, the central bank said a penalty of Rs 1 crore has been imposed on Jana Small Finance Bank Ltd for contravention of certain provision of of the Banking Regulation Act, 1949. In both cases, the RBI said the penalties are based on deficiencies in compliance and not intended to pronounce upon the validity of any transaction or agreement entered into by the banks with their customers.
Economic Times
09-05-2025
- Business
- Economic Times
Indian bond yields climb as traders panic sell on widening border conflict
Indian government bond yields increased early Friday. This happened as traders reduced positions after attacks along India's western border. The benchmark 10-year yield reached 6.4303%. Factors like the India-Pakistan conflict and rising U.S. yields contributed. The Indian rupee, stocks, and bonds also experienced a decline. New Delhi plans to borrow 320 billion rupees via bonds. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads RATES Indian government bond yields rose in early trade on Friday as traders nervously trimmed positions after Pakistani forces launched multiple attacks along India's western benchmark 10-year yield was at 6.4303% as of 10:40 a.m. IST, compared with previous close of 6.3976%.It hit a high of 6.4416% in initial trading."There's the India-Pakistan conflict situation, U.S. yields are higher and crude oil has also gone up, so bonds will remain subdued," said Gopal Tripathi, head of treasury and capital markets at Jana Small Finance Bank "We may see 10 basis points upward move during the day, since 6.40% levels were broken."The Indian rupee, stocks and bonds fell after Pakistan's armed forces launched several attacks using drones and other munitions along India's western border on Thursday night and early New Delhi is set to borrow 320 billion rupees ($3.7 billion) via bonds maturing in November 2039 and April 2065 later in the jitters around the conflict will likely impact the demand for the auction, after the cutoff on the underwriting fee was unusually debt market is closed on Monday due to a local holiday, which is further making traders wary and they may avoid taking positions before a long Reserve Bank of India is set to buy bonds worth 250 billion rupees in the day, which is likely to provide some comfort to the overnight index swap rates rose early Friday, as investors leaned towards paying positions amid escalating India-Pakistan conflict that is clouding prospects for rate cuts, traders one-year OIS rate was up 2 basis points at 5.68%, while the two-year OIS rate was up 3 bps at 5.58%, and the most liquid five-year OIS rate was up 3 bps at 5.71%. ($1 = 85.7700 Indian rupees)
Time of India
09-05-2025
- Business
- Time of India
Indian bond yields climb as traders panic sell on widening border conflict
Indian government bond yields rose in early trade on Friday as traders nervously trimmed positions after Pakistani forces launched multiple attacks along India's western border. The benchmark 10-year yield was at 6.4303% as of 10:40 a.m. IST, compared with previous close of 6.3976%. It hit a high of 6.4416% in initial trading. Bonds Corner Powered By Indian bond yields climb as traders panic sell on widening border conflict Indian government bond yields increased early Friday. This happened as traders reduced positions after attacks along India's western border. The benchmark 10-year yield reached 6.4303%. Factors like the India-Pakistan conflict and rising U.S. yields contributed. The Indian rupee, stocks, and bonds also experienced a decline. New Delhi plans to borrow 320 billion rupees via bonds. Indian insurers urge regulator's easing of counterparty exposure in new bond forwards market RBI eases FPI rules on corporate bonds to boost foreign inflows Chinese companies line up to sell 'innovation bonds', capitalising on Beijing's technology push Not just for retirees: Why Gen Z should embrace bonds early in their journey Browse all Bonds News with "There's the India-Pakistan conflict situation, U.S. yields are higher and crude oil has also gone up, so bonds will remain subdued," said Gopal Tripathi, head of treasury and capital markets at Jana Small Finance Bank . "We may see 10 basis points upward move during the day, since 6.40% levels were broken." Live Events The Indian rupee, stocks and bonds fell after Pakistan's armed forces launched several attacks using drones and other munitions along India's western border on Thursday night and early Friday. Meanwhile, New Delhi is set to borrow 320 billion rupees ($3.7 billion) via bonds maturing in November 2039 and April 2065 later in the day. The jitters around the conflict will likely impact the demand for the auction, after the cutoff on the underwriting fee was unusually high. The debt market is closed on Monday due to a local holiday, which is further making traders wary and they may avoid taking positions before a long weekend. The Reserve Bank of India is set to buy bonds worth 250 billion rupees in the day, which is likely to provide some comfort to the traders. RATES India's overnight index swap rates rose early Friday, as investors leaned towards paying positions amid escalating India-Pakistan conflict that is clouding prospects for rate cuts, traders said. The one-year OIS rate was up 2 basis points at 5.68%, while the two-year OIS rate was up 3 bps at 5.58%, and the most liquid five-year OIS rate was up 3 bps at 5.71%. ($1 = 85.7700 Indian rupees)
Business Standard
30-04-2025
- Business
- Business Standard
Jana Small Finance Bank standalone net profit declines 61.61% in the March 2025 quarter
Total Operating Income rise 7.86% to Rs 1199.28 crore Net profit of Jana Small Finance Bank declined 61.61% to Rs 123.48 crore in the quarter ended March 2025 as against Rs 321.68 crore during the previous quarter ended March 2024. Total Operating Income rose 7.86% to Rs 1199.28 crore in the quarter ended March 2025 as against Rs 1111.85 crore during the previous quarter ended March 2024. For the full year,net profit declined 25.11% to Rs 501.42 crore in the year ended March 2025 as against Rs 669.54 crore during the previous year ended March 2024. Total Operating Income rose 17.34% to Rs 4709.79 crore in the year ended March 2025 as against Rs 4013.81 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Total Operating Income 1199.281111.85 8 4709.794013.81 17 OPM % 40.7245.64 - 42.7743.10 - PBDT 119.84166.49 -28 473.68514.35 -8 PBT 119.84166.49 -28 473.68514.35 -8 NP 123.48321.68 -62 501.42669.54 -25
Economic Times
30-04-2025
- Business
- Economic Times
Jana Small Finance Bank shares slide 3% after PAT declines 61% YoY in Q4
Jana Small Finance Bank shares slid 2.6% to their day's low of Rs 509.95 on the BSE on Wednesday, April 30, after the bank's Q4 net profit significantly dropped by 61.6% YoY to Rs 123.50 crore, against Rs 321.67 crore in the corresponding quarter of the previous financial year. ADVERTISEMENT However,on a sequential basis, the lender's PAT was up 11.3% from Rs 111 crore in the preceding quarter. In the fourth quarter of FY25, the bank's CASA to total deposit ratio stood at 18%, slightly lower than the 18.4% recorded in Q3FY25. Net interest margin rose to 7.4% from 7.3% in the previous quarter. The cost-to-income ratio increased to 64.7% in Q4FY25, compared to 63.8% in Q3FY25. On the asset quality front, the gross NPA declined to 2.5% from 2.7%, while net NPA remained stable at 0.9% across both return on average assets improved to 2.5% from 2.3%, while adjusted return on average equity rose to 21.4%, up from 19.8% in Q3. Return on average assets (annualised) came in at 1.4%, compared to 1.3% in the preceding on average equity (annualised) stood at 12.3%, higher than 11.4% in Q3FY25. The weighted capital adequacy ratio (CAR) increased to 20.7% in Q4FY25, from 18.4% in Q3FY25. ADVERTISEMENT Also read: IndusInd Bank shares in focus after CEO Sumant Kathpalia resigns amid derivatives accounting row ADVERTISEMENT Over the past one year, the shares of Jana SFB have gained 2.15%. On a year-to-date (YTD) basis, it has risen by 26.51%. The six-month return stood at 9.57%, while the stock gained 15.39% over the last three months and 25.39% in the last one month.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
