Jana Small Finance Bank Ltd share Price Today

Jana Small Finance Bank Limited was incorporated as `Janalakshmi Financial Services Private Limited` on July 24, 2006 by the RoC at Bengaluru, Karnataka as a Private Company. Subsequently, the Bank converted to a Public Company effective from August 10, 2015, and name of the Bank was changed to `Janalakshmi Financial Services Limited`, on September 18, 2015. Thereafter, it received final approval, dated April 28, 2017 from the RBI, to establish and carry on business as an SFB. Pursuant to resolutions passed by Board and Shareholders on May 30, 2017 and January 12, 2018 respectively, name of the Bank was changed from `Janalakshmi Financial Services Limited` to `Jana Small Finance Bank Limited`, and a fresh Certificate of Incorporation dated January 29, 2018 was issued by the RoC consequent upon the change in name. As a new age digitalised bank, the Bank offer a range of digital products, services and platforms, both on mobile and internet. All banking and payment transactions, such as remittances can be completed through these platforms. The core banking is supported by integrated multi-channel operations. The Bank is one of the top four SFBs in India in terms of AUM and deposit size and is having the second most geographically diversified portfolio with a pan-India presence. The Bank has implemented technology solutions to execute cashless disbursement of loans. Their collections mechanism has also been digitized through the use of mobile applications. Apart from standard digital payment services, including NEFT, RTGS, IMPS, e-NACH/ NACH, it provide a UPI QR code-based EMI payment service. The primary unsecured loan products are group loans as per the joint liability group (JLG) model), agricultural and allied loans, and individual and micro business loans. Its primary secured loan products are affordable housing loans, MSME loans, gold loans, loans against fixed deposits, term loans to NBFCs, two-wheeler loans, and micro housing loans. In March 2008, the Bank was registered as an NBFC to commence the business of non-banking financial institution without accepting public deposits, which subsequently converted into a non-banking finance company-microfinance institution (NBFC-MFI) in September, 2013. The Bank later on received a final approval from the RBI to establish and carry on business as an SFB effective from April 28, 2017. It started operating as a Small Finance Bank (SFB) effective from March 28, 2018 and its name was included in the second schedule to the RBI Act on July 16, 2019 issued by the RBI. The Bank introduced several new products and services since April 1, 2017, such as gold loans in year, 2018, affordable housing loans and loans against fixed deposits and distribution of insurance products as a corporate agent in 2019, term loans to NBFC and two-wheeler loan business in November, 2020. In April 2020, it launched `DIGIGEN`, an integrated, paperless and digital account opening and KYC process. As of February 28, 2021, Bank had 611 Branches of which 166 are Unbanked Rural Centers and 134 ATMs. The Bank is planning to offer equity shares by raising capital of upto Rs. 700 crore through fresh issue and an offer for sale by issuing upto 9,253,659 equity shares through initial public offer.

Jana Small Finance Bank share price as on 30 Apr 2024 is Rs. 596.25. Over the past 6 months, the Jana Small Finance Bank share price has increased by 0% and in the last one year, it has increased by 61.96%. The 52-week low for Jana Small Finance Bank share price was Rs. 365 and 52-week high was Rs. 600.35.