Overview

• Jana SFB formally submitted its universal banking licence application to the Reserve Bank of India on June 9 under the central bank’s on-tap licensing guidelines
• The bank’s shares jumped over 6% in early trading after the announcement, reaching their highest level since October 2024
• To secure RBI approval, Jana must meet requirements on stock exchange listing, a net worth of at least ₹1,000 crore and minimum capital thresholds
• The lender has reported net profits for the past two fiscal years and kept non-performing asset ratios within RBI-mandated limits
• Since obtaining its small finance bank licence in 2017, Jana has built a strong retail and MSME franchise and expanded its digital and physical footprint across India