STEADY RISE TO THE TOP

Jana Small Finance Bank moves from rank three in FY24 to rank one by focusing on customer engagement and technology-led delivery

- BY PRINCE TYAGI

JANA SMALL FINANCE BANK has emerged as one of the strongest performers in the small finance banking space, backed by steady balance sheet growth, improving profitability, and clear long-term strategy. The bank's progress over the last five years has now been reflected in industry rankings as well as its financial performance. According to the BT-KPMG Survey of India’s Best Banks and NBFCs, the Bengaluru-headquartered Jana Small Finance Bank was ranked number one among small finance banks in FY25. It moved sharply from rank three in FY24 to rank one in FY25, with its score improving from 503 to 627. This improvement came alongside a meaningful increase in asset size, which rose from ₹32,710 crore in FY24 to ₹38,464 crore in FY25. The ranking reflects consistent performance across multiple parameters, including growth, stability, and execution.

The improvement in rankings is supported by a clear strengthening of the bank’s financials. ACE Equity data shows that Jana Small Finance Bank has reported steady growth in its core earnings over the last five years. Its interest income (interest earned) has more than doubled over the last five years, from ₹1,992 crore in FY20 to ₹4,710 crore in FY25.