About Jana Small Finance Bank Limited

Jana Small Finance Bank Limited is a Bengaluru-headquartered bank offering a wide range of retail, wholesale and treasury banking services across India. The institution was originally incorporated on July 24, 2006; it registered as an NBFC with the Reserve Bank of India on March 4, 2008, and was classified as an NBFC-MFI from September 5, 2013. Pursuant to an RBI licence dated April 28, 2017, the Company converted into a Small Finance Bank effective March 28, 2018, and was accorded scheduled bank status from July 16, 2019. Its equity shares were listed on NSE and BSE on February 14, 2024.

What the bank does: Jana offers deposits and loans for individuals and businesses, including microfinance (group and agri-group loans), individual loans, two-wheeler finance, gold loans, housing/property-backed credit, and MSME term loans/working capital, alongside payments and digital banking solutions (UPI, IMPS, RTGS, NEFT, cards). It also distributes third‑party products—life and non-life insurance as a corporate agent, a 3‑in‑1 (savings, demat, trading) account via Axis Securities, and mutual funds through Axis AMC, IPRU AMC, Kotak AMC and SBI AMC.

Geography and scale: The bank operates only in India, serving 4.2 Million active customers through 802 banking outlets across 23 states and 2 Union Territories. In FY 2024–25, it entered Andhra Pradesh with its first branch in Guntur.

 Jana Small Finance Bank Limited Milestones 

Key milestones achieved include the conversion to an SFB (March 28, 2018), scheduled bank status (July 16, 2019), and stock‑market listing (February 14, 2024).

Jana Small Finance Bank Limited’s Business Segments

Based on FY 2024–25 segment revenue:

• Retail Banking: 79.6%
• Treasury: 15.5%
• Corporate/Wholesale Banking: 3.5%
• Other Banking Operations: 1.5% 
• Domestic vs. international: 100% India; the bank has no foreign operations.

Jana Small Finance Bank Limited’s Key Management

• R. Ramaseshan, Part‑time Chairperson & Independent Director
• Ajay Kanwal, Managing Director & CEO
• Krishnan Subramania Raman, Executive Director
• Abhilash Sandur, Chief Financial Officer
• Lakshmi R N, Company Secretary & Compliance Officer

Latest Updates on Jana Small Finance Bank Limited

• Growth and mix: Advances under management rose 19.4% year‑on‑year to Rs 29,545 crore; secured advances formed 70% of the book. Deposits increased 29% to Rs 29,120 crore; retail deposits were 58.8% of overall deposits.
• Liquidity and asset quality: Liquidity Coverage Ratio stood at 253%; Gross NPA and Net NPA were 2.7% and 0.9%, respectively (advances include IBPC and securitisation).
• Strategic direction: The bank met regulatory criteria and submitted its application in June 2025 to transition to a Universal Bank, marking a significant milestone in its evolution.
• Network and footprint: 802 outlets, serving 23 states and 2 UTs; the bank entered Andhra Pradesh (Guntur) during the year.
• Partnerships and offerings: Continued distribution of insurance (ICICI Prudential Life, Bajaj Allianz Life, Kotak Life; ICICI Lombard, Bajaj Allianz General, SBI General), mutual funds (Axis AMC, IPRU AMC, Kotak AMC, SBI AMC), and 3‑in‑1 accounts with Axis Securities.
• Recognitions: India Ratings upgraded the bank’s rating on Fixed Deposits and NCDs (including Subordinated Debt) to IND A/Stable. Awards included “Leader in Digital Transformation Strategy” (9th BFSI Leadership & Awards Summit) and WOW Workplace 2025 BFSI Award; the bank was also recognised at the Emerging Asian Banking Awards for profitability, asset quality and risk management.