Jana Small Finance Bank Limited has informed the Exchange regarding 'Asset Cover Certificate for NCD 31-03-2026'.
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Jana Small Finance Bank has submitted a Security Cover Certificate to BSE and NSE for the quarter ended 31 March 2026, as required under SEBI's Listing Obligations Regulation 54(3). The bank clarified that its listed non-convertible debentures are actually unsecured, rated, subordinated, redeemable lower Tier II bonds, so the secured-asset cover rules under Regulation 54(1) and (2) do not strictly apply, but it is still filing the certificate for compliance. As on 31 March 2026, the bank has Tier II NCDs of Rs 325 crore and subordinated NCDs of Rs 50 crore outstanding, against total assets of about Rs 47,448 crore and total liabilities of about Rs 42,978 crore. Statutory auditor Batliboi & Purohit gave a limited-assurance report and confirmed nothing came to their attention suggesting non-compliance with the debenture trust deed covenants.
This is a routine quarterly compliance filing with no new business or financial information. Investors should note that the listed NCDs are unsecured and subordinated in nature, meaning debenture holders rank below regular depositors and creditors in case of a default. No material impact on the stock price is expected from this disclosure.