Jana Small Finance Bank has formally submitted an application to the Reserve Bank of India (RBI) seeking approval to transition into a universal bank. The strategic move marks a significant milestone in Jana Bank's growth journey and reflects its long-term commitment to financial inclusion, innovation, and sustainable banking.
Jana Small Finance Bank is a non-banking finance company (NBFC) primarily engaged in providing MSME loans, affordable housing loans, term loans to NBFC, loans against fixed deposits, two-wheeler loans and gold loans.