Jana Small Finance Bank resubmits draft papers for Rs 575 crore IPO

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Key Points

According to a Fitch Report, Jana Small Finance Bank is the fourth-largest small finance bank in terms of AUM and deposit size as of March 31, 2023..

The bank had 754 banking outlets, including 272 banking outlets in unbanked rural centres, in 22 states and two union territories as of March 31, 2023..

It has served nearly 12 million customers since 2008, including 4.57 million active customers as of March 31, 2023, the DRHP claimed.Agencies..

NEW DELHI: Jana Small Finance Bank has refiled its draft red herring prospectus (DRHP) with the capital market regulator Sebi two years after withdrawing its plan in the wake of the pandemic..

The bank's total gross non-performing assets (NPA) as of March 31 stood at Rs 709 crore, down from Rs 757 crore last year, with the NPA ratio at 3.9%, the highest among peers, including AU Small Finance Bank, Equitas Small Finance Bank and Ujjivan Small Finance Bank, the Reuters report said.. Read More News on..

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