Jana Small Fin Bank Applies For Universal Banking Licence

Bengaluru: Jana Small Finance Bank (Jana SFB), a leading small finance bank, has formally submitted an application to the Reserve Bank of India (RBI) seeking approval to transition into a Universal Bank.

This 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. Over the past several years, Jana SFB has successfully built a strong retail and MSME franchise, expanded its digital and physical footprint across the country, and consistently delivered on key financial and governance metrics. “Applying for a Universal Banking license is a natural progression for Jana Bank,” said Ajay Kanwal, Managing Director & CEO, Jana Small Finance 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.”

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. Jana SFB reaffirms its unwavering commitment to governance, compliance, customer-centricity, and innovation as it embarks on this next phase.