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Jana Small Finance Bank
April 19 , 2018
2283 days
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- Jana Small Finance Bank, which commenced its banking operations plans to set up over 500 banking outlets by 2019 and expand its reach to unbanked rural areas.
- Jana Small Finance Bank, formerly known as Janalakshmi Financial Services
- In September 2015, the RBI had granted in-principle approval to 10 applicants for small finance bank (SFB) licenses including Janalakshmi Financial Services.
- Financial inclusion has been the primary vision of Jana Group with digitally-enabled service offerings.
Small Finance Banks
- The small finance bank will undertake basic banking activities of acceptance of deposits and lending to unserved and underserved to further financial inclusion in the country.
- It will mainly target small business units, marginal farmers and unorganised sector entities through high technology-low cost operations.
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