May 20, 2024

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Jana Tiny Finance Financial institution digitally inaugurates 18 branches in Maharashtra

3 min read

Expands its all India branch network to 601

BANGALORE, India, Dec. 30, 2020 /PRNewswire/ — Jana Tiny Finance Bank now digitally inaugurated 18 bank branches in Maharashtra that is devoted to money inclusion and is serving the underbanked prospects. The financial institution has been efficiently serving the monetary inclusion segment more than 20 yrs and now concentrating on expanded product range soon after converting to a scheduled professional lender.

With the conversion of its asset facilities to financial institution branches, Jana Bank’s existence in Maharashtra will achieve 70 and 601 all India. Maharashtra is the second best of the 22 states the place the lender has a presence. Being legitimate to their promise of “paise ki kadar”, Jana Financial institution values the difficult-attained income of its consumers and is all set to boost its footprint across rural India.

Jana Compact Finance Bank started out its journey in Maharashtra in 2010 and have served in excess of 15 lakh buyers in the state who are largely ladies. The lender presents unsecured mortgage to girls underneath the team personal loan design as well as particular person loans for smaller businesses. The regular bank loan dimension for team financial loan design is Rs.34,900 and individual mortgage for tiny corporations Rs.60,000. The lender also features Agriculture Mortgage, MSME loans, Gold Mortgage, Inexpensive House Mortgage & Residence Improvement Personal loan. With the conversion of asset centers into lender branches our prospects will now be ready to avail of banking products like Cost savings Account, Present Account, Fixed Deposits, Recurring Deposits, OD Account.

Speaking on the announcement, Shri Ajay Kanwal, MD & CEO, Jana Smaller Finance Bank, stated, “It is the huge enthusiasm of our bankers and the buyer assurance invested in us that has permitted us to open new branches even through the COVID times. All our new branches throughout Maharashtra have digitised atmosphere with best in class offerings.”

Inaugurating the branches, main visitor, Shri M. Rajeshwar Rao, Deputy Governor, Reserve Lender of India, stated, “My congratulations to Jana Smaller Finance Bank for inaugurating 18 financial institution branches in Maharashtra. I would really encourage the lender to carry on on its journey of economical inclusion which becomes even far more suitable in the post COVID setting. Credit score expansion is an critical component of expansion and prosperity. There are great opportunities to bridge the fiscal inclusion hole in the nation and I am content to observe that Jana Smaller Finance Lender is dedicated to do so. I wish the lender all the extremely greatest for its growth, digitization, and foreseeable future endeavours.”

Jana Little Finance Financial institution is a scheduled commercial financial institution running in 22 states with 15,000 employees and in excess of 40 lakh clients.

About Jana Smaller Finance Lender:

Jana Small Finance Lender, erstwhile Janalakshmi Economical Services is one of the 10 economic institutions which experienced acquired in-principal approval from the RBI for a Little Finance Financial institution in 2015. Jana Tiny Finance Financial institution gained remaining banking license in April 2017 and commenced banking functions on March 28, 2018.

At the moment, the financial institution is serving 40 lakh + consumers throughout 22 states and Union Territories in India. The financial institution has a community of 600 branches currently and is serving its shoppers with the enable of in excess of 15,000 employees.

Awards and Recognition:   

  • 2018: Awarded for Very best Inclusive Money Providers – India 2018 by CFI, London
  • 2019: Dale Carnegie Award for Worldwide Leadership
  • Sept. 2020: Awarded for Finest Inclusive Financial Solutions – India 2020 by CFI, London
  • Oct. 2020: Marketing campaign of the Ten years Gold Award for Jana Diwas
  • Dec. 2020: The Golden World Tigers 2020. CSR Award for Excellence in BFSI Sector

Media Make contact with:
Akshat Singh
[email protected]  
Vice President – Marketing
Jana Compact Finance Bank

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