https://indianpedia.org/index.php?action=history&feed=atom&title=Jana_Small_Finance_BankJana Small Finance Bank - Revision history2026-07-31T07:17:49ZRevision history for this page on the wikiMediaWiki 1.45.4https://indianpedia.org/index.php?title=Jana_Small_Finance_Bank&diff=409104&oldid=prevCleanupBot II at 07:36, 14 August 20232023-08-14T07:36:01Z<p></p>
<p><b>New page</b></p><div>{{Short description|Small finance bank in India}}<br />
{{Infobox company<br />
| name = Jana Small Finance Bank<br />
| native_name = <br />
| founded = 2018<br />
| type = [[Private company|Private]]<br />
| industry = [[Small finance bank]]<br />
| traded_as = <br />
| services = [[Banking]], [[financial services]]<br />
| logo = <br />
| logo_size = <br />
| num_employees = <br />
| key_people = Ajay Kanwal (CEO)<ref>{{Cite web|title=Management Team - Jana Small Finance Bank|url=https://www.janabank.com/about-us/leadership-governance/management-team/}}</ref><br />
| location = <br />
| location_city = [[Bangalore]], [[Karnataka]]<br />
| location_country = India<br />
| website = {{URL|https://www.janabank.com}}<br />
}}<br />
'''Jana Small Finance Bank''' is a [[small finance bank]] that commenced operations on March 28, 2018, headquartered in [[Bangalore]], India.<ref>{{Cite web|title=Jana Small Finance Bank|url=https://www.janabank.com/|access-date=2021-03-15|website=www.janabank.com|language=en-gb}}</ref> The [[Reserve Bank of India]] issued a licence to the bank under Section 22 (1) of the Banking Regulation Act, 1949.<ref>{{cite web |last1=Kattoor |first1=Jose J. |title=Jana Small Finance Bank Limited commences operations |url=https://rbidocs.rbi.org.in/rdocs/PressRelease/PDFs/PR259264409DB3AE7E4D22A11BCBA8054B80AE.PDF |website=Reserve Bank of India |access-date=July 7, 2019 |date=March 28, 2018}}</ref> Prior to becoming a bank, the company was India's largest [[Microfinance#Microfinance_on_the_Indian_subcontinent|microfinance]] institution, Janalakshmi Financial Services,<ref name=livemint>{{cite news |last1=Gopakumar |first1=Gopika |title=Jana Small Finance Bank launches commercial operations |url=https://www.livemint.com/Industry/uUiqrEPO9N8LhZ1i53FuPM/Jana-Small-Finance-Bank-launches-commercial-operations.html |access-date=July 7, 2019 |work=livemint.com |date=July 18, 2018 |language=en}}</ref> founded July 24, 2006.<ref>{{cite web |title=Jana Small Finance Bank Ltd |url=https://www.bloomberg.com/profile/company/3667144Z:IN |website=Bloomberg |access-date=7 July 2019}}</ref><br />
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As a microfinance lender, the company survived large losses following the [[2016 Indian banknote demonetisation]], reporting total losses of ₹2,504 crore (US${{To USD|25040|IND|round=yes}} million) at the time of its conversion to a small finance bank.<ref name=livemint /> Jana reported in November 2019 that the September 2019 quarter was its first profitable quarter since demonetisation.<ref name=tpg>{{cite news |last1=Dhanjal |first1=Swaraj Singh |title=TPG Capital leads ₹225 cr funding round in Jana Small Finance Bank |url=https://www.livemint.com/industry/banking/tpg-capital-leads-225-cr-funding-round-in-jana-small-finance-bank-11573153187902.html |access-date=12 November 2019 |work=livemint.com |date=8 November 2019 |language=en}}</ref><br />
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== DigiGen ==<br />
DigiGen is a digital banking platform launched by Jana Small Finance Bank.<ref>{{cite web|url=https://www.janabank.com/savings-account/digigen-by-jana-small-finance-bank/|title=DIGIGEN by Jana Small Finance Bank|language=en-gb}}</ref> <br />
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== Shareholding ==<br />
Major investors in Jana include US-based [[private equity]] fund managers [[TPG Capital]] and [[HarbourVest Partners]].<ref name=tpg/><br />
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==See also==<br />
* [[Banking in India]]<br />
* [[List of banks in India]]<br />
* [[Indian Financial System Code]]<br />
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== References ==<br />
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{{Reflist}}<br />
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{{Banking in India}}<br />
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[[Category:Small finance banks]]<br />
[[Category:Indian companies established in 2018]]<br />
[[Category:Banks established in 2018]]<br />
[[Category:Private sector banks in India]]<br />
[[Category:2018 establishments in Karnataka]]<br />
[[Category:Banks based in Karnataka]]<br />
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