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Informist, Monday, Oct. 19, 2026

 

NEW DELHI – Federal Bank and Jana Small Finance Bank on Monday said there was no material information or event that has not been disclosed to the stock exchanges under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The banks were responding to requests for clarification from the stock exchanges about media reports that Federal Bank was planning to buy a sizeable stake in Jana Small Finance Bank.

 

According to the reports, Jana Small Finance is likely to sell a 16.9% stake to Federal Bank and the deal may be done at a 15% to 20% premium to Jana Small Finance Bank's current market price. "As a general matter, the bank evaluates various opportunities in the ordinary course, for growth and expansion of its business, which are in the best interest of its stakeholders, from time to time," Federal Bank said in its clarification.

 

Earlier, Federal Bank Executive Director Venkataraman V had said the bank is focusing on organic growth and does not plan to acquire stakes in other lenders. "At this stage, there's no active consideration of any inorganic opportunity," NDTV Profit quoted Venkataraman as saying. "We constantly evaluate opportunities on the inorganic because, as you know, we have stated our ambition to be a universal bank," he added. However, he said small portfolios and small acquisitions always help more than very big ones, according to the report.

 

Monday, Federal Bank's shares rose 2.9% to end at INR 347.90 on the National Stock Exchange. Jana Small Finance Bank's shares ended 12.8% lower at INR 428 on the NSE. For the September quarter, Federal Bank reported a net profit of INR 13.86 billion on a total income of INR 92.11 billion. Jana Small Finance Bank reported a net profit of INR 1.55 billion for the June quarter on a total income of INR 17.41 billion.  End

 

Reported by Shweta

Edited by Saji George Titus

 

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