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.