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.