The strategic transfer marks a big milestone in Jana Financial institution’s progress journey and displays its long-term dedication to monetary inclusion, innovation, and sustainable banking, the financial institution stated in an announcement.
Over the previous a number of years, Jana SFB has efficiently constructed a robust retail and MSME franchise, expanded its digital and bodily footprint throughout the nation, and persistently delivered on key monetary and governance metrics, it stated.
Since receiving its SFB licence in 2017, Jana has constructed a strong portfolio in deposits, loans, and monetary companies tailor-made to people, MSMEs, and establishments, it stated.
With a rising deposit base, nationwide presence, digital companies and a robust asset high quality observe file, the financial institution believes it’s well-positioned to take the subsequent step in its evolution, it added.