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Bangalore, Monday, 21 December 2020: Shri Vijay Rupani, Chief Minister of Gujarat today digitally inaugurated 15 bank branches of Jana Small Finance Bank that is dedicated to financial inclusion and is serving the underbanked customers of Gujarat. The bank has been successfully serving the financial inclusion segment over 20 years and now focusing on expanded product range after converting to a scheduled commercial bank.

With the inauguration of its asset centers to bank branches, Jana Bank’s presence in Gujarat will reach 63 and 600 all India. Gujarat is among the top 3 states of the 22 states where the bank has a presence. Staying true to their promise of “paise ki kadar”, Jana Bank values the hard-earned money of its customers and is all set to increase its footprint across rural India.

Jana Small Finance Bank started its journey in Gujarat in 2012 and have served over 10 lakh customers in the state who are mainly women. The bank offers unsecured loan to women under the group loan model as well as individual loans for small businesses. The average loan size for group loan model is Rs.39,000 and individual loan for small businesses Rs.60,000. The bank also offers Agriculture Loan, MSME loans, Gold Loan, Affordable Home Loan & Home Improvement Loan. With the conversion of asset centers into bank branches our customers will now be able to avail of banking products like Savings Account, Current Account, Fixed Deposits, Recurring Deposits, OD Account.

Speaking on the announcement, Shri Ajay Kanwal, MD & CEO, Jana Small Finance Bank said, “It is the immense passion of our bankers and the customer confidence invested in us that has allowed us to open new branches even during the COVID times. All our new branches across Gujarat have digitised environment with best in class offerings”.

Inaugurating 15 branches, chief guest Shri Vijay Rupani, Hon’ble Chief Minister, Government of Gujarat congratulated Jana Small Finance Bank, its employees and residents of Gujarat. He said, “Jana Small Finance bank is ‘Big Bank’ for small (underprivileged & underbanked) people and it provides banking facilities to such people who have no formal income documents like ITR and GST. Financially enabling this segment of citizens is very important ingredient to Hon’ble Prime Minister Shri Narendra Modi’s vision of ‘Atma Nirbhar Bharat’ and India becoming a 5 Tn economy. I assure full support from the state Government to the bank in its endeavors of financial inclusion”. He also highlighted the importance of relationship that branch managers/staff of Jana Bank have with the segment of underbanked customers.

Jana Small Finance Bank is a scheduled commercial bank operating in 22 states with 15,000 employees and over 40 lakh customers.

Jana Small Finance Bank, erstwhile Janalakshmi Financial Services is one of the 10 financial institutions which had received in-principal approval from the RBI for a Small Finance Bank in 2015. Jana Small Finance Bank received final banking license in April 2017 and started banking operations on March 28, 2018.

Currently, the bank is serving 40 lakh + customers across 22 states and Union Territories in India. The bank has a network of 600 branches today and is serving its customers with the help of over 15,000 employees.

About Jana Small Finance Bank

Jana Small Finance Bank, erstwhile Janalakshmi Financial Services (JFS), is headquartered in Bengaluru and has over a decade of existence.

It is one of the 10 financial institutions which had received in-principal approval from the RBI for a Small Finance Bank in 2015. Jana Small Finance Bank received final banking license in April 2017; it started banking operations on March 28, 2018.

Currently, the bank is serving 40 lakh customers across 22 states and Union Territories in India. Its vision is to become the leading inclusive digitized bank serving all customer segments and communities of an aspirational India.

For more details, please visit - https://www.janabank.com/

Awards and recognition

• July 2017: Awarded India’s Distinctive Goodwill Brands
• January 2017: Inducted in Fortune India 500 (Ranked at 488, currently 360)
• July 2019: Dale Carnegie Award for Global Leadership
• Oct 2020: Campaign of the Decade Gold Award for Jana Diwas
• 2018 & 2020: Awarded for Best Inclusive Finance Services India by Cfi.co, London
• Dec 2020: The Golden Globe Tigers 2020. CSR Award for Excellence in BFSI Sector