ana Small Finance Bank will extend business, agri ,housing and gold loans

At the onset, catering to the diverse needs of customers, Jana Small Finance Bank will continue with microlending, savings and deposit accounts, and, in unison, it will extend business loans, agri loans, affordable housing and gold loans.

At the onset, catering to the diverse needs of customers, Jana Small Finance Bank will continue with microlending, savings and deposit accounts, and, in unison, it will extend business loans, agri loans, affordable housing and gold loans.

#JanaBank #FinancialInclusion #JanaSmallFinanceBank #FinancialIndependence #JanaDiwas #PaiseKiKadar

About Jana Small Finance Bank

Jana Small Finance Bank, erstwhile Janalakshmi Financial Services, is headquartered in Bengaluru. It is one of the 10 financial institutions which had received in-principal approval from RBI for setting up a Small Finance Bank in 2015.

Established in Bengaluru in 2008, it was the largest Micro Finance Institution (MFI) in India, and was recognized globally as one of the world's innovative financial institutions working on the problem of financial inclusion.

Jana Small Finance Bank received final banking license in April 2017 and started banking operations on March 28, 2018. Under the leadership of its MD & CEO, Ajay Kanwal, Jana Small Finance Bank's vision is to become the leading inclusive digitized bank serving all customer segments and communities of an aspirational India.

Currently, post-transition phase, the bank is enabling its existing 45 lakh customers across 19 states in India to access the banking services. It has Capital Adequacy Ratio (CAR) of about 35 percent and a loan book of INR 76 billion as on March 31, 2018. By 2020, the bank aspires to add four million customers.

The bank has deep domain expertise in banking and financial services with the senior management team having 25+ years of average experience in the banking sector. Its current employee strength is of 15,000.

By end of 2019, Jana Small Finance Bank's 500 branches will be operational in 19 states, post-conversion of the majority of its microfinance storefronts into bank branches.

Bengaluru-headquartered Jana Small Finance Bank is regulated by the Reserve Bank of India (RBI).

For more details, please visit - https://www.janabank.com/

Awards and recognitions

. In 2015, Palladium inducted Janalakshmi Financial services into the 2015 Palladium Balanced Scorecard Hall of Fame

. In 2016, VC Circle awarded JFS with the 'Best Financial Services firm in India'

. In 2017, JFS was featured in 'Fortune - The Top 500' as the largest corporations in India and was awarded as India's Distinctive Goodwill Brand for 2017. In the same year, CNBC awarded JFS for Best Financial Sector Transaction ADB Private Sector

. In 2018, Capital Finance International (CFI.co) adjudged the Jana Small Finance Bank as the The Best Inclusive Financial Services - India 2018 in London

Media Contact :

Girish Jaggi

girish.jaggi@bm.com

+91-7045026522

Genesis Burson Marstellar

Source: Jana Small Finance Bank

PRNewswire

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