Jana Small Finance Bank and Axis Securities enters into a tie-up to offer investment services


11 May, 2021, Bangalore - Jana Small Finance Bank, today announced the launch of “I choose my number” feature for all its customers across India. This new feature gives the bank’s existing and new customers the option to select their favourite numbers as their savings or current account number.

Numbers play a very important role in the lives of majority of Indians. Some numbers are special to one, be it a lucky number, the favourite vehicle’s number plate, birthday or wedding date, a memorable phone number, etc. Considering this love and obsession for numbers, this feature of Jana Small Finance Bank will allow its customers to choose their favourite numbers as the last 10 digits of their bank account, savings or current. The allocation of the account number chosen by the customer will be subject to availability of the requested number.

Commenting on the development, Ajay Kanwal, MD and CEO, Jana Small Finance Bank said, “We observe that customers want banking to be simple and personalized. This added feature will help customers relate and connect to the bank more closely as they choose auspicious or lucky numbers. At Jana Small Finance Bank we are committed to providing customers with solutions that are tailored to their preferences.”

About Jana Small Finance Bank

Jana Small Finance Bank Limited (Jana Small Finance Bank) is one the leading Small Finance Banks of India in terms of assets under management and deposit size as at March 31, 2020. Jana Small Finance Bank has the second most geographically diversified portfolio with a pan-India presence among all Small Finance Banks in India as at March 31, 2020. As at February 28, 2021, Jana Small Finance Bank had 611 Branches, including 166 Branches in Unbanked Rural Centres, and 134 ATMs located in 229 districts in 20 states and three union territories. Jana Small Finance Bank has served over 8.00 million customers since 2008, including approximately 3.05 million active customers.

Jana Small Finance Bank Limited (the “Bank”) is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its equity shares and has filed a [draft red herring prospectus (“DRHP”) with the Securities and Exchange Board of India. The DRHP shall be available on the website of SEBI at www.sebi.gov.in, websites of the Stock Exchanges i.e. BSE and NSE at www.bseindia.com and www.nseindia.com, respectively, and is available on the websites of the BRLMs i.e. Axis Capital Limited, ICICI Securities Limited and SBI Capital Markets Limited at www.axiscapital.co.in, www.icicisecurities.com and www.sbicaps.com, respectively. Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risk, see "Risk Factors" of the RHP, when available. Potential investors should not rely on the DRHP for any investment decision.

This announcement has been prepared for publication in India and may not be released in the United States. This announcement does not constitute an offer of securities for sale in any jurisdiction, including the United States, and any securities described in this announcement may not be offered or sold in the United States absent registration under the US Securities Act of 1933, as amended, or an exemption from registration. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the Bank and that will contain detailed information about the Bank and management, as well as financial statements. However, no public offering of securities is being made in the United States


For media queries, please contact corp.comm@janabank.com