Mumbai: Jana Small Finance Bank has reported a ₹169 crore divergence in gross non-performing assets (GNPAs) in the fiscal ended March 2025, the bank said in a stock exchange disclosure.The bank had reported GNPAs of ₹750 crore at the end of March 2025, which was lower than the ₹919 crore as assessed by the Reserve Bank of India.Further, net NPAs were also reported at ₹254 crore which was lower than the ₹423 crore assessed by RBI, leading to a divergence of an identical ₹169 crore, the bank said.The divergence in NPAs resulted in a ₹42 crore provisioning, which the bank has already provided for the fiscal ended March 2026, Jana said. The divergence and resultant provisioning means that the bank's net profit would have been lower at ₹459 crore in the year ended March 2025 from ₹501 crore reported by the bank.A NPA divergence happens when the RBI audit discovers that a bank had under-reported NPAs resulting in lower provisions and higher profits. Banks must correct the lower provisions after the RBI inspection.
Jana SFB reports ₹169-crore gap in FY25 gross NPAs
Jana Small Finance Bank disclosed a ₹169 crore divergence in gross non-performing assets. The bank's reported GNPAs were lower than the Reserve Bank of India's assessment. This divergence led to an additional ₹42 crore provisioning for the bank. Consequently, the bank's net profit for the fiscal year was reduced. The RBI audit identified under-reported NPAs, necessitating corrections by banks.
173 words~1 min read
