From Bharatpedia, an open encyclopedia
Jana Small Finance Bank is a small finance bank that commenced operations on March 28, 2018, headquartered in Bangalore, India.[2] The Reserve Bank of India issued a licence to the bank under Section 22 (1) of the Banking Regulation Act, 1949.[3] Prior to becoming a bank, the company was India's largest microfinance institution, Janalakshmi Financial Services,[4] founded July 24, 2006.[5]
As a microfinance lender, the company survived large losses following the 2016 Indian banknote demonetisation, reporting total losses of ₹2,504 crore (US$356 million) at the time of its conversion to a small finance bank.[4] Jana reported in November 2019 that the September 2019 quarter was its first profitable quarter since demonetisation.[6]
DigiGen[edit]
DigiGen is a digital banking platform launched by Jana Small Finance Bank.[7]
Shareholding[edit]
Major investors in Jana include US-based private equity fund managers TPG Capital and HarbourVest Partners.[6]
See also[edit]
References[edit]
Template:Finance-company-stub
 Dear reader, We kindly request your support in maintaining the independence of Bharatpedia. As a non-profit organization, we rely heavily on small donations to sustain our operations and provide free access to reliable information to the world. We would greatly appreciate it if you could take a moment to consider donating to our cause, as it would greatly aid us in our mission. Your contribution would demonstrate the importance of reliable and trustworthy knowledge to you and the world. Thank you.
Please select an option below or scan the QR code to donate
₹150
₹500
₹1,000
₹2,000
₹5,000
₹10,000
Other
|
.svg)
