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Jana Holdings company logo
Holding Company
FINANCE
janaholdings.co.in

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Investments

1

About Jana Holdings

Jana Holdings (JHL) is a Non-Banking Financial Company promoted by Jana Capital Ltd. (JCL) to hold the promoter stake in the Small Finance Bank, to be set up by Janalakshmi Financial Services Ltd. JHL is registered as a Non-Operating Financial Holding Company (NOFHC) as per the guidelines given by RBI.

Jana Holdings Headquarter Location

M.S. Square, No. 34/1-1 Langford Road, Shanthinagar

Bengaluru, 560 027,

India

080 - 46212000

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Latest Jana Holdings News

Jana Small Finance Bank Raises Rs 225 Crores Capital

Nov 11, 2019

Topics Your Email: Send me a copy: / -- Jana Small Finance Bank has announced a raise in equity capital of Rs 225 crores from existing investors. With an infusion of Rs. 225 crores of equity during October 2019, the Capital Adequacy Ratio for Jana Bank has reached 19.97% (as on October 31, 2019) more than regulatory minimum requirement of 15% for Small Finance banks. The total capital infusion for Jana Bank (circa April 2017-present) stands at Rs. 2,947 crores. This infusion from existing investors namely Jana Holdings limited, TPG Asia and HarbourVest Partners showcases a strong confidence of investors towards JSFB. Significant Turnaround in financial health: In Q2-FY 20, the Bank made a net profit of Rs. 7 crores. The improvement in balance sheet has been due to a consistent growth of the asset book while maintaining a tight control on the quality of new bookings, aggressive cost management and recoveries from the legacy NPA books respectively, thereby ensuring a continued improvement in profits. The banks net non-performing assets reduced sharply to 1.72% of net advances as on October 31, 2019 and gross non-performing assets stood at 3.98% on AUM as on October 31, 2019. Substantial traction in deposit mobilisation Total deposits of the bank as of September 30, 2019 were Rs. 7,503 crores - Three times more than the September 30, 2018 base of Rs. 1,824 crores respectively. Deposit growth has also improved after Jana Bank got its Scheduled bank status in August 2019. Total advances of the bank showed an increase of over 24% from September, 2018 to September, 2019 standing at Rs. 8,550 crore. The asset book continues to diversify with 25% of the book being secured (affordable housing, MSE, Gold) up from 10% in Sep 2018. Being back in the black, JSFB now aims on solidifying its numbers in the upcoming quarters and continuing its journey in financial inclusion. About Jana Small Finance Bank: Jana Small Finance Bank is a Scheduled Commercial Bank. Established in Bengaluru in 2008, it has been recognized globally as one of the most innovative financial institutions working on financial inclusion. As on September 30, 2019, the Bank's distribution network was at 270 banking outlets (including 25 business correspondence outlets), 298 asset centres and 120 ATMs. Of the total banking outlets, 43% are in semi-urban and rural areas. Number of employees were at 14,452 as of Sep 30, 2019. For more information, please log on to: www.janabank.com. (This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.) Dear Reader, Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance. We, however, have a request. As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Jana Holdings Investments

1 Investments

Jana Holdings has made 1 investments. Their latest investment was in Jana Small Finance Bank as part of their Private Equity on November 11, 2019.

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Jana Holdings Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/11/2019

Private Equity

Jana Small Finance Bank

$0.23M

Yes

1

Date

11/11/2019

Round

Private Equity

Company

Jana Small Finance Bank

Amount

$0.23M

New?

Yes

Co-Investors

Sources

1

Jana Holdings Team

1 Team Member

Jana Holdings has 1 team member, including former Chief Financial Officer, Chief Operating Officer, Amy Spurling.

Name

Work History

Title

Status

Amy Spurling

Chief Financial Officer, Chief Operating Officer

Former

Name

Amy Spurling

Work History

Title

Chief Financial Officer, Chief Operating Officer

Status

Former

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