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Fashion Value Chain
11-06-2025
- Business
- Fashion Value Chain
Jana Small Finance Bank Applies to RBI for Universal Banking License
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. 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. About Jana Small Finance Bank Jana Small Finance Bank, a scheduled commercial bank, is the 4th largest Small Finance Bank in India with an experience of over 18 years in lending and serving more than 12 million customers. The Bank, launched as an SFB in March 2018, is a solid combination of a digital institution and national presence across 23 states and 2 union territories, spread across 802 branches. From its origin of being a NBFC-MFI, the Bank has transformed steadily over the years, leading to 70% of its lending book being secured, mostly backed by mortgages. The Bank has created a fast growing retail deposit franchise with a strong brand presence and high standards of customer service. The Banks management team has an average experience of 27 years with a reputed and experienced Board. For more details, please visit –
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Business Standard
10-06-2025
- Business
- Business Standard
Here's why Jana Small Finance Bank share is buzzing in trade on June 10
Jana Small Finance Bank share price: Jana Small Finance Bank (Jana SFB) share price was buzzing in trade on Tuesday, June 10, 2025, with the stock rising up to 6.38 per cent to hit an intraday high of ₹552.90 per share. At 10:06 AM, Jana SFB share price was trading 2.42 per cent higher at ₹532.30 per share. In comparison, BSE Sensex was trading 0.03 per cent higher at 82,469.38 levels. What sparked a rally in Jana SFB share price today? Jana SFB shares advanced after the lender submitted an application to the Reserve Bank of India (RBI), seeking its approval to convert from a Small Finance Bank to a Universal Bank. In an exchange filing, Jana SFB said, 'We wish to inform you that the Bank has submitted its application to the Reserve Bank of India (RBI) today i.e. June 9, 2025 seeking approval for voluntary transition from a Small Finance Bank to a Universal Bank.' Jana SFB Q4 results Adjusted profit after tax (PAT) zoomed 33 per cent year-on-year (Y-o-Y ) to ₹779 crore in FY25, from ₹587 crore in FY24. The Asset AUM stood at ₹29,545 crore, up 19 per cent Y-o-Y with 70 per cent share of secured assets. Its secured assets grew 40 per cent and unsecured de-growth was 11 per cent for FY25. Its total deposits came in at ₹29,120 crore, up 29 per cent Y-o-Y. On Q4 show, Ajay Kanwal, MD and CEO of Jana Small Finance Bank had said, 'With this year's result, we have met the required conditions of GNPA<3 per cent and NNPA<1 per cent for 2 consecutive years. Thus, we will be applying for a Universal Banking Licence in this quarter. The Bank's performance during FY25 has been tremendous given the challenges in the MFI industry and tight liquidity faced during the year. However, being true to our strategy, we grew our Secured book by 40 per cent Y-o-Y, which is now at 70 per cent of AUM. Our deposits have grown at a solid 29 per cent, significantly over pacing the industry. Given that MFI stress peak has past last year, we are looking forward to a solid year ahead.' About Jana SFB Jana Small Finance Bank, a scheduled commercial bank and the fourth-largest Small Finance Bank in India, brings over 16 years of lending experience and serves more than 12 million customers. Established as a bank in March 2018, it has evolved from its roots as an NBFC-MFI into a digitally driven institution with a nationwide footprint across 23 states and 2 union territories through 802 branches. Today, around 70 per cent of its lending portfolio is secured, primarily backed by mortgages. Jana has built a rapidly expanding retail deposit base, underpinned by strong brand recognition and a focus on customer service. Its leadership team brings an average of 27 years of industry experience, supported by a well-rounded and respected Board.
Time of India
29-04-2025
- Business
- Time of India
Jana Small Finance Bank to apply for universal bank license in May
Kolkata: Jana Small Finance Bank has ticked all the boxes to become eligible to seek a universal banking license, making it the third lender in this space to earn this tag. #Pahalgam Terrorist Attack The groundwork before India mounts a strike at Pakistan India considers closing airspace to Pakistani carriers amid rising tensions Cold Start: India's answer to Pakistan's nuclear threats The bank would submit the application in May, Jana managing director Ajay Kanwal told ET. "It's a defining year for us. We have created a more stable and diversified book amid the ongoing microfinance crisis . We have raised the share of the secured portfolio to 70% now from 60% a year back," Kanwal said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Co-Founder of Google Brain, Andrew Ng, Is Reported To Have Read Every... Blinkist: Andrew Ng's Reading List Undo The bank made an accelerated provision of Rs 305 crore in this fiscal against Rs 73 crore in the preceding one, besides regulatory provision of Rs 448 crore as against Rs 606 crore, to bring down the net non-performing assets ratio below 1%, which is one of the key eligibility criteria for become eligible to apply for universal bank licence. Its net NPA stood at 0.94% at the end of FY25 as compared with 0.56% in the preceding fiscal. Its gross NPA ratio stood at 2.71% against 2.11%, below the 3% threshold as per the eligibility criteria. Live Events The Reserve Bank of India regulation says that a small finance bank needs to be listed, profitable, have a minimum Rs 1000 crore net worth and a diversified portfolio and have gross NPA and net NPA ratios below 3% and 1% respectively for the two fiscals in a row to apply for the license. AU Small Finance Bank and Ujjivan Small Finance Bank have already applied for the universal bank licence. An upgraded licence for small finance banks would ease regulations. If granted the coveted licence, their capital adequacy requirement would come down from 15% while the priority sector lending target would be lower at 40% instead of 75%. The norm for having at least 50% of the loan portfolio in loans less than Rs 25 lakh would not apply anymore. A universal tag would invariably improve the branding as well. Jana on Tuesday reported a net profit of Rs 123 crore for the fourth quarter which was 62% lower than the net profit of Rs 322 crore seen in the year ago period. Its annual profit stood at Rs 501 crore for FY25 against Rs 670 crore in the preceding fiscal. Its operating profit for the fourth quarter was 14.3% lower at Rs 293 crore. Its assets under management grew 19% year-on-year to Rs 29,545 crore, with secured assets growing 40% to Rs 20663 crore. Deposits grew 29% to Rs 29120 crore at the end of the last fiscal.
Economic Times
29-04-2025
- Business
- Economic Times
Jana Small Finance Bank to apply for universal bank license in May
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Kolkata: Jana Small Finance Bank has ticked all the boxes to become eligible to seek a universal banking license, making it the third lender in this space to earn this bank would submit the application in May, Jana managing director Ajay Kanwal told ET."It's a defining year for us. We have created a more stable and diversified book amid the ongoing microfinance crisis . We have raised the share of the secured portfolio to 70% now from 60% a year back," Kanwal bank made an accelerated provision of Rs 305 crore in this fiscal against Rs 73 crore in the preceding one, besides regulatory provision of Rs 448 crore as against Rs 606 crore, to bring down the net non-performing assets ratio below 1%, which is one of the key eligibility criteria for become eligible to apply for universal bank net NPA stood at 0.94% at the end of FY25 as compared with 0.56% in the preceding fiscal. Its gross NPA ratio stood at 2.71% against 2.11%, below the 3% threshold as per the eligibility Reserve Bank of India regulation says that a small finance bank needs to be listed, profitable, have a minimum Rs 1000 crore net worth and a diversified portfolio and have gross NPA and net NPA ratios below 3% and 1% respectively for the two fiscals in a row to apply for the license. AU Small Finance Bank and Ujjivan Small Finance Bank have already applied for the universal bank upgraded licence for small finance banks would ease regulations. If granted the coveted licence, their capital adequacy requirement would come down from 15% while the priority sector lending target would be lower at 40% instead of 75%. The norm for having at least 50% of the loan portfolio in loans less than Rs 25 lakh would not apply anymore. A universal tag would invariably improve the branding as on Tuesday reported a net profit of Rs 123 crore for the fourth quarter which was 62% lower than the net profit of Rs 322 crore seen in the year ago period. Its annual profit stood at Rs 501 crore for FY25 against Rs 670 crore in the preceding operating profit for the fourth quarter was 14.3% lower at Rs 293 assets under management grew 19% year-on-year to Rs 29,545 crore, with secured assets growing 40% to Rs 20663 crore. Deposits grew 29% to Rs 29120 crore at the end of the last fiscal.
