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Jana Small Finance Bank Applies to RBI for Universal Banking License

NewsVoir Bengaluru (Karnataka) [India], June 11: Jana Small Finance Bank (Jana SFB), one of India's leading small finance banks, is pleased to announce that it has formally submitted an application to the Reserve Bank of India (RBI) seeking approval to transition into a Universal Bank. Show Full Article This strategic move marks a significant milestone [ ]
Jana Small Finance Bank has applied to the Reserve Bank of India (RBI) for a universal banking license, aiming to expand its range of services and cater to a broader customer base. The bank, which started operations in March 2018, currently serves over 12 million customers across 27 states and Union Territories through a network of more than 750 branches. Ajay Kanwal, the Managing Director and CEO of Jana Small Finance Bank, expressed confidence in the bank's readiness to transition into a universal bank, citing its robust financial performance and extensive experience in the banking sector. The move to become a universal bank is seen as a strategic step to enhance its service offerings and meet the evolving needs of its customers.

Read the Full ThePrint Article at:
[ https://theprint.in/ani-press-releases/jana-small-finance-bank-applies-to-rbi-for-universal-banking-license/2654277/ ]