Jana Small Finance Bank Ltd.

Incorporated in July 2006, Jana Small Finance Bank Limited is a non-banking finance company primarily engaged in providing MSME loans, affordable housing loans, term loans to NBFC, loans against fixed deposits, two-wheeler loans and gold loans.Jana SFB offers various unsecured loan products, including individual and micro business loans, agricultural and allied loans, and group loans.The bank classifies loans into three categories:(i) individual loans for home improvement/repair,(ii) individual loans for school fees, and(iii) individual personal loans for debt consolidation, family functions, incidental expenses, and business purposes.The company provides digital products, services, and platforms, such as mobile and internet banking for both retail and corporate clients. Between March 31, 2021 and March 31, 2023, the bank's gross secured advances increased from ₹50,760.00 million to ₹99,047.54 million, representing a compound annual growth rate (CAGR) of 39.69%.As of March 31, 2023, Jana SFB had 754 banking outlets across 22 states and two union territories, including 272 in unbanked rural centers. This pan-India presence has helped the bank to reduce its concentration risk.The bank has provided services to almost 12 million customers since 2008. As of March 31, 2023, there are 4.57 million active customers. In the last three fiscal years, the bank has added 0.91 million, 0.51 million, and 0.08 million new customers, respectively.As of March 31, 2023, Jana SFB had a total of 18,184 permanent employees

Jana Small Finance Bank Ltd. proposes to utilise the net proceeds from the Issue for the following objects: