Jana Small Finance Bank to hire 1,000 fresh employees for planned expansion

Targets branch network of 500 by March 2019

India's newest commercial bank, Jana Small Finance Bank (JSFB), plans to recruit 1,000 fresh employees in the current financial year to meet its expansion roadmap.  

The bank, which started commercial operations in July 2018, was the last microfinance company to convert into a small finance bank (SFB) about three years after getting the Reserve Bank of India's (RBI's) nod.

So far, JSFB has launched 151 branches, which the bank targets to ramp up to 500, across 19 states, by the end of the current financial year, primarily by converting most of its microfinance setups into regular bank branches. The additional hiring