Jana Small Finance Bank Limited

Jana Small Finance Bank Limited is a small finance bank offering a range of lending and deposit products, with a lending book spanning micro, small and medium enterprise loans, affordable housing finance, two wheeler loans, gold backed loans and loans against fixed deposits, alongside retail deposit and other banking services delivered through a nationwide branch network. Originally established as Janalakshmi Financial Services in July 2006 and later converted into a small finance bank, the institution has grown to serve close to twelve million customers, with roughly four and a half million active accounts as of March 2023, through more than 750 banking outlets spread across 22 states and two union territories, including a meaningful number of outlets dedicated to under served rural markets. This footprint places it among the larger small finance banks in India by both loan book and deposit size. The bank has been steadily shifting its lending mix toward secured products, with the secured share of its portfolio rising from under half to well over half of total advances in recent periods, while its deposit base has expanded at a healthy pace over the last few years. Digital delivery of banking services and centralized, technology driven operations form a core part of its strategy to manage costs and scale efficiently as it competes with other small finance banks and larger private lenders for the same underserved retail and MSME customer segments.

The bank raised about Rs 167 crore from anchor investors on February 6, 2024, allotting roughly 40.3 lakh shares at the upper price band of Rs 414 per share to 17 institutional investors, with East Bridge Capital Master Fund and SBI Life Insurance Company among the largest participants.