Jana Small Finance Bank Ltd
403.10
INR
-15.25
(-3.65%)
Jana Small Finance Bank Ltd
NSE:JSFB
(National Stock Exchange of India)
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403.10
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12.14
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ROIC.AI
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- Jana Small Finance Bank Limited (JSFB.NS) operates as a scheduled small finance bank in India, providing a range of banking products and services to individuals, micro, small, and medium enterprises, and underserved segments across urban, semi-urban, and rural areas. The bank offers current and savings accounts; fixed, recurring, and other deposits; secured loans including two-wheeler loans, gold loans, home improvement loans, affordable housing loans, micro loans against property, loans against fixed deposits, term loans to non-banking finance companies, and agricultural group and individual loans; unsecured loans such as group loans, individual and micro business loans under the joint liability group model, and consumer education on loan overdue concepts; life, general, and health insurance products as a corporate agent; cards; investment and payment services; and digital channels encompassing mobile banking, internet banking, and corporate internet banking. It operates through Treasury, Retail Banking, Corporate/Wholesale Banking, and Other Banking Operations segments, with a nationwide network of over 800 banking outlets including unbanked rural centers and ATMs, primarily focused on financial inclusion for under-banked populations. Incorporated on July 24, 2006, as Janalakshmi Financial Services Private Limited in Bengaluru, Karnataka, the bank transitioned from a microfinance institution to a small finance bank, receiving RBI's final approval on April 28, 2017, changing its name to Jana Small Finance Bank Limited effective January 29, 2018, and commencing SFB operations on March 28, 2018. Headquartered at The Fairway Business Park, off Domlur, Koramangala Inner Ring Road, Bengaluru, it maintains a strong presence across India with emphasis on urban and rural expansion. In recent developments, the bank completed its initial public offering in February 2024, raising approximately ₹5,700 million through a fresh issue and offer for sale to enhance capital base and listing on BSE and NSE. It reported robust growth in fiscal year 2025, with advances under management rising 19.4% to ₹29,545 crore, deposits increasing 29% to ₹29,120 crore, and profit after tax at ₹501 crore, alongside a strategic shift toward secured lending comprising 73% of assets and improved asset quality with gross NPA at 2.11%. Further, the bank signed a memorandum of understanding with SIDBI to promote green investments and financing, merged its non-operative financial holding company Jana Holdings into core investment company Jana Capital for operational streamlining, expanded rural branches with digital initiatives to boost financial inclusion, and applied to RBI for conversion to a universal bank license under the 2024 framework.