Company Profile

In compliance with Reserve Bank of India (‘RBI’) circular RBI/2021-22/25 Ref.No.DoS.CO.ARG/ SEC.01/08.91.001/2021-22 dated 27th April 2021 on Appointment of Statutory Auditors, Jana Small Finance has informed that the Bank’s existing Statutory Auditors, Brahmayya & Co., Chartered Accountants (FRN: 000515S) and M M Nissim & Co LLP, Chartered Accountant (FRN: 107122W/W100672) will be completing their tenure in the ensuing Annual General Meeting of the Bank. The Board of Directors of the Bank had proposed the appointment of S R Batliboi & Associates LLP, Chartered Accountants (FRN: 101049W/E300004) and Batliboi & Purohit, Chartered Accountants (FRN: 101048W) and made an application to RBI for the approval of appointment of Joint Statutory Auditors in Compliance with Section 30 (1A) of Banking Regulation Act, 1949. Accordingly, RBI vide their letter dated 12th April 2024, received by the Bank on 15th April 2024, has approved the appointment of above-mentioned Joint Statutory Auditors for the year 2024-25 for their first year. Further, Bank shall obtain necessary approvals from Shareholders in the ensuing Annual General Meeting.

Jana Small Finance Bank has partnered with Kotak Mahindra Life Insurance Company to offer life insurance to the Customers of the Bank. Further, the partnership will help 52 lakh customers of the Bank with a wide range of life insurance products offered by Kotak Life, including long-term savings and retirement solutions.

Jana Small Finance Bank is a non-banking finance company (NBFC) primarily engaged in providing MSME loans, affordable housing loans, term loans to NBFC, loans against fixed deposits, two-wheeler loans and gold loans.

Jana Small Finance Bank has submitted yearly statement of debt securities of the Bank as on 31st March 2024.

The above information is a part of company’s filings submitted to BSE.

Jana Small Finance Bank (Jana SFB) has entered into strategic partnership with Dvara Money (DM). This collaboration is set to combine DM's innovative Spark Money platform with the technological capabilities of Jana SFB.

A significant element of this partnership is the Third Party Application Providers (TPAP) capabilities. TPAP will enable the integration of a full-stack UPI solution into the Spark Money platform. This integration will allow customers to connect their savings accounts for payments, facilitating seamless digital transactions. The solution will also enable to offer UPI functionalities like Aadhar OTP-based onboarding and credit on UPI to Dvara’s existing offerings.

With this collaboration, DM will use the technological capabilities of Jana SFB to simplify the savings account opening process. The incorporation of Video KYC (VKYC) into the Spark Money platform will add do-it-yourself capabilities to the already active assisted onboarding onto the platform. This will add to the geographies and the user base that the Spark Money platform can serve.

Jana Small Finance Bank is a non-banking finance company (NBFC) primarily engaged in providing MSME loans, affordable housing loans, term loans to NBFC, loans against fixed deposits, two-wheeler loans and gold loans.