Jana Small Finance Bank (Jana SFB) announced that it has formally submitted an application to the Reserve Bank of India (RBI) seeking approval to transition into a Universal Bank.
Since receiving its SFB license in 2017, Jana has built a robust portfolio in deposits, loans, and financial services tailored to individuals, MSMEs, and institutions.
With a growing deposit base, national presence, digital services and a strong asset quality track record, the bank believes it is well-positioned to take the next step in its evolution.
Ajay Kanwal, Managing Director & CEO, Jana Small Finance Bank, said, “Applying for a Universal Banking license is a natural progression for Jana Bank. Our mission has always been to serve the underserved and build a bank that’s inclusive, agile, digital and forward-looking. Becoming a Universal Bank will enable us to offer a broader range of services and become the Anchor Bank to a Rising and Atmanirbhar India.”
