India's Jana Small Finance falls on Q2 profit drop

Jana Small Finance Bank

22/10/2024 06:22

** Shares of Jana Small Finance Bank  JANA.NS  fall as much
as 10.9% to 454.8 rupees, lowest since April 24
    ** JANA posts 21% fall in Q2 net profit, 21% rise in
expenditure Y/Y
    ** Lender hurt by rise in gross non-performing assets in the
qtr
    ** Stock on track for sixth straight session of decline
    ** More than 485,000 shares traded, 2.3x its 30-day avg
    ** JANA up ~25% since listing in mid-Feb

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))