Jana Bank is a small finance bank that was founded in 2008 and is headquartered in Bangalore, India1. The promoters of Jana Bank are Jana Capital Limited and Jana Holdings Limited, which are held by Jana Urban Foundation and other investors. Some of the major investors in Jana Bank include US-based private equity fund managers TPG Capital and HarbourVest Partners. The current MD & CEO of Jana Bank is Ajay Kanwal.
Jana Small Finance Bank, formerly known as Janalakshmi Financial Services (JFS), is a leading financial institution in India, operating as a small finance bank. Established in April 2017, it officially commenced its banking operations on March 28, 2018. The bank is headquartered in Bengaluru and has a widespread presence, serving 3.6 million customers across 20 states and Union Territories in India.
The bank's vision is to become the foremost inclusive digitized bank, catering to all customer segments and communities in aspirational India.
Jana Small Finance Bank has garnered recognition for its inclusive financial services and outstanding performance in the financial sector. Notable awards and accolades include:
Below is a summary table outlining the key financial highlights of Jana Small Finance Bank:
Year Total Income (in Rs. millions) Total Expenses (in Rs. millions) Profit for the Year (in Rs. millions) FY 2022-23 3,699.88 1,474.99 255.97 FY 2021-22 3,050.30 1,336.75 5.40
This table showcases the bank's financial performance over the past two fiscal years, demonstrating growth in total income and profit.
Jana Small Finance Bank continues to uphold its commitment to financial inclusion and innovation, striving to provide superior banking services to its diverse customer base.
Leave a comment