Jana Small Finance Bank Ltd seeks RBI approval for transition to a Universal Bank

Jana Small Finance Bank Limited has submitted its application to the Reserve Bank of India (RBI) today i.e., 9th June 2025 seeking approval for voluntary transition from a Small Finance Bank to a Universal Bank.

This application has been made in accordance with the RBI Guidelines for 'on tap' Licensing of Small Finance Banks in the Private Sector dated 05th December 2019, read with the RBI circular on Voluntary Transition of Small Finance Banks to Universal Banks dated 26th April 2024.

Shares of Jana Small Finance Bank Limited was last trading in BSE at Rs. 519.70 as compared to the previous close of Rs. 487.20. The total number of shares traded during the day was 26607 in over 1461 trades.

The stock hit an intraday high of Rs. 529.40 and intraday low of 492.00. The net turnover during the day was Rs. 13644021.00.

Source : Equity Bulls

Keywords

JanaSmallFinanceBank OtherBank JSFB RBI Application Transition UniversalBank