India's Jana Small Finance Bank hits 13-month high after quarterly profit rises

Jana Small Finance Bank

16/07/2026 07:33

** Shares of India's Jana Small Finance Bank JANA.NS rise as much as 6.6% to 521 rupees, their highest since June 2025; last up 2.3%
** Co on Wednesday reported Q1 net profit up 52.3% y/y; interest earned up 22.1% y/y
** Systematix ("buy", PT 590 rupees) positively flags lower-than-expected credit costs; says margin expansion driven by higher yields, lower cost of funds and lower interest reversals 
** More than 4.3 mln shares traded by 11:54 a.m., 7.4x the 30-day avg
** Stock up 17.6% YTD

 (Reporting by Abhirami G in Bengaluru)
 ((abhirami.g@thomsonreuters.com))