Jana Small Finance Bank Launches Commercial Operations

Jana Small Finance Bank announced the commercial launch of its banking operations, the last microfinance company to convert itself into a small finance bank (SFB), three years after the Reserve Bank of India (RBI) gave its in-principle approval.
The small finance bank was earlier called Janalakshmi Financial Services and weathered huge losses on account of demonetization. 
Source- The Livemint

Static/Current Takeaways Important for SBI PO/Clerk Exam 2018- 
  • Ajay Kanwal is the MD and CEO of Jana Small Finance Bank. 
  • The registered office of Jana Small Finance Bank is in Bengaluru, Karnataka. 
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