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Jana Small Finance Bank Seeks Universal Banking Licence, Files with RBI

Updated: June 09, 2025 21:00

Image Source: Altius Investech

Jana Small Finance Bank Ltd. has made a formal application to the Reserve Bank of India (RBI) for voluntarily converting a small finance bank's status into that of a universal bank. The move is in line with RBI's recent guidelines, laying down the parameters for such a conversion.

Key Highlights:

Jana Small Finance Bank submitted an application to RBI on June 9, 2025.
Bank is looking to diversify business from small finance banking to wider financial inclusion.
RBI regulations require a minimum net worth of ₹1,000 crore and a satisfactory five-year record.
Jana Small Finance Bank meets all the parameters except for non-performing asset (NPA) ratios.
Approvals process will likely take a few months, with final approval by late 2025.
Once it is approved, Jana Small Finance Bank will be a universal bank, allowing it to deal in a variety of financial products and services.

Source: NDTV Profit | RBI Notifications | Moneycontrol

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