Bengaluru, February 28, 2023: Jana Small Finance Bank, a leading small finance bank in India, has achieved a significant milestone by opening 751 branches across 185 cities in India and expand its affordable housing business. This move aims to cater to the increasing demand for affordable housing solutions in the country.
The total branch count of Jana Small Finance Bank now stands at 751, spread across 24 states and Union territories. The bank has prioritized expanding its footprint in unbanked rural centres, with 272 branches located in these areas, accounting for 36% of the total branch count. Moreover, 396 branches of the bank offer housing loans, representing 53% of the total number of branches.
Jana Small Finance Bank has also taken the lead in digital banking solutions by launching three Digital Banking Units (DBUs), which are 100% digital branches. One of these branches, located in Bihta, is an all-women branch. These DBUs have helped the bank provide innovative and convenient banking solutions to its customers.
Speaking about this expansion, Ajay Kanwal, MD & CEO of Jana Small Finance Bank, said, “We are committed to providing financial solutions that meet the needs of our customers, and the expansion of our affordable housing business is a testament to that commitment. We are dedicated to supporting our customers in fulfilling their aspirations of owning a home. With our presence in 185 cities we are confident that we will be able to serve our customers better.”
Jana Small Finance Bank’s expansion is a significant step towards providing affordable housing solutions to the people of India. By launching 15 new branches that offers housing loans, Jana Small Finance Bank has further strengthened its presence in the affordable housing market.
About Jana Small Finance Bank:
Jana Small Finance Bank Limited (Jana Small Finance Bank) is one of the leading Small Finance Banks of India in terms of assets under management and deposit size as at March 31, 2022. Jana Small Finance Bank is one of the most geographically diversified portfolio with a pan-India presence among all Small Finance Banks in India as at March 31, 2022. As at 31st March 2022, Jana Small Finance Bank had 715 Branches, including 259 Branches in Unbanked Rural Centres, located in 19 states and three union territories. Jana Small Finance Bank has served over 8.00 million customers since 2008.