"We will initially open 19 branches in 18 states and 200 banking outlets by June with 25 per cent of them in unbanked rural areas across the country," said the city-based private bank in a statement here.
With financial inclusion as its vision, the bank hopes to scale is operations soon and provide opportunities to bridge the gap.
The group company, which has a track record of mobilising equity from multiple investors, raised Rs 1,636 crore in fiscal 2017-18 and has a robust liquidity to transition into a full-fledged bank.
"Our vision is to be a leading digitised bank serving all customer segments and communities of an aspirational India," said Ramanathan, 53, a former Citibank executive from New York, in the statement.
"With 14,000 employees, the bank has talent, systems and products to create a differentiated franchise to serve the underserved with governance and execution," said Jana Bank Chief Executive Ajay Kanwal in the statement.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)