MoneyWorks4Me

Jana Small Finance Bank applies for universal banking licence

10 Jun 2025 Evaluate

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.


Peers
Company Name CMP
HDFC Bank 739.00
ICICI Bank 1339.50
Axis Bank 1242.50
Kotak Mahindra Bank 412.50
Indusind Bank 953.00
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