Page 2 - Jana Small Finance Bank

Jana Small Finance Bank, Capital SFB IPOs to open on February 7

Bangalore-based Jana SFB is looking to raise Rs 570 crore with Rs 462 crore worth of shares through fresh issuance

SFBs can turn into universal banks, say experts at BS BFSI Summit 2023

There is nothing to stop our firm from turning into a Universal Bank, said Ittira Davis, managing director and chief executive officer of Ujjivan Small Finance Bank

Jana SFB ties up with two co-op banks to offer digital, payment services

Jana Small Finance Bank (Jana SFB) will provide its digital infrastructure and payments services to HCBL Co-operative Bank and Mysore Merchants Co-operative Bank under the bank sponsorship programme. Under the bank sponsorship programme, the RBI has permitted Core Banking Solution (CBS) enabled co-operative banks to issue ATM cards or ATM-cum debit cards to its customers in association with the sponsor bank. Jana Small Finance Bank signed a memorandum of understanding (MoU) with HCBL Co-operative Bank, Lucknow and Mysore Merchants Co-operative Bank, Mysore to provide digital infrastructure and payments services to the respective banks under the bank sponsorship programme of the RBI, Jana SFB said in a release on Thursday. With this tie-up, HCBL Co-operative Bank and Mysore Merchants Co-operative Bank will be able to extend ATM, point of sale (PoS) and e-commerce services to its customers. This is for the first time that Jana SFB has tied up with a co-operative bank to provide IMPS

Jana Small Finance Bank gets Sebi's go-ahead to float IPO

Jana Small Finance Bank has received markets regulator Sebi's go-ahead to raise funds through an initial share-sale. The initial public offering (IPO) comprises fresh issuance of equity shares worth Rs 700 crore and an offer for sale of up to 92,53,659 shares by existing shareholders, according to the draft red herring prospectus (DRHP). Those selling shares in the offer for sale include Bajaj Allianz Life Insurance Company, Hero Enterprise Partner Ventures, ICICI Prudential Life Insurance Company, Enam Securities, North Haven Private Equity Asia Platinum Pte Ltd, QRG Enterprises and Tree Line Asia Master Fund (Singapore) Pte Ltd. The small finance bank, which filed preliminary IPO papers with Sebi in April, obtained its observations on July 9, an update with Sebi showed on Monday. Sebi's observations are necessary for any company to launch public issues like IPO, follow-on public offer (FPO) and rights issue. According to merchant banking sources, the IPO is expected to fetch Rs

Jana Small Finance Bank files IPO papers, aims to raise Rs 1,100 crore

According to merchant banking sources, the IPO is expected to fetch Rs 1,100 crore

Jana Small Finance Bank opens 500th branch, plans 600 by March next year

Small finance lender Jana Small Finance Bank on Tuesday opened its 500th branch in Amruthahalli, Bangalore

10-year bond yields at decade-plus low; rupee falls as oil prices crash

The Sensex fell nearly 2,000 points, as foreign investors liquidated their investments for safe haven assets such as US bonds. As prices of bonds rise, yields fall.

Jana Small Finance Bank ready to appoint bankers for Rs 1,000-crore IPO

In December, the Rs 750-crore IPO of Ujjivan SFB was well received and got subscribed 166 times the number of shares put on offer. The shares of the bank rose 44 per cent over the issue price.

TPG Asia leads Rs 225-cr equity funding for Jana Small Finance Bank

The bank's net non-performing assets were at 1.72 per cent of net advances as on October 31, 2019 and gross non- performing assets stood at 3.98 per cent on AUM.

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

Targets branch network of 500 by March 2019

Jana Small Finance Bank to launch 2-wheeler loan products next year

Bank eyes total loan book size of Rs 100 billion by end of FY19

Jana Small Finance Bank is looking at listing its shares by March 2021

Jana Small Finance Bank has started with a comfortable capital adequacy ratio (CAR) of about 35 per cent and loan book of Rs 80 billion

Jana Small Finance Bank is looking at listing its shares by March 2021

Jana SFB has started with a comfortable capital adequacy ratio of about 35% and loan book of Rs 80 billion