Jana Small Finance Bank shares in focus as RBI returns Universal Bank application
Shares of Jana Small Finance Bank may stay in focus after the RBI returned its application to transition into a universal bank, citing eligibility shortfalls. The lender, which recently approved a Rs 250 crore NCD issue, reported a 40% YoY drop in Q1 profit to Rs 102 crore due to higher expenses, though revenue rose 12%.
Shares of Jana Small Finance Bank may stay in focus after the RBI returned its application to transition into a universal bank, citing eligibility shortfalls. The lender, which recently approved a Rs 250 crore NCD issue, reported a 40% YoY drop in Q1 profit to Rs 102 crore due to higher expenses, though revenue rose 12%.
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