Jana Small Finance Bank (Jana SFB) has officially submitted an application to the Reserve Bank of India (RBI) seeking approval to convert into a Universal Bank, a move widely seen by market watchers as a signal of the bank’s strong financial health and long-term strategic intent.
The application highlights Jana’s transition from a NBFC-MFI to a full-fledged retail and MSME-focused bank, with a pan-India presence across 802 branches in 23 states and 2 union territories. The bank’s secured loan portfolio, robust deposit base, and digital expansion are expected to support its Universal Bank ambitions. “This is a natural progression for us,” said Ajay Kanwal, MD & CEO. “We want to be the Anchor Bank to a Rising and Atmanirbhar India.”
In Guwahati, Jana SFB has gained traction through tailored services for local entrepreneurs, small businesses, and home loan seekers. The bank’s consistent growth in the Assam capital reflects rising trust in its secured lending products and digital platforms, helping it build a resilient franchise in the Northeast.
