Jana in News

Innovative businesses in India and the Philippines receive ADB Private Sector-CNBC Awards

The Asian Development Bank (ADB) and CNBC today presented the second annual ADB Private Sector-CNBC awards to businesses from India and the Philippines. Janalakshmi Financial Services and AP Renewables Inc...

May 03, 2017

ADB Approves $150 Million to Support Microfinance, Sanitation in India

The Asian Development Bank (ADB) has approved a $150 million equivalent debt financing to Janalakshmi Financial Services Private Limited. ADB’s funding will support Janalakshmi’s conversion from India’s largest nonbank financial...

August 26, 2016

Govt clears FDI proposal of Janalakshmi Financial Services

The government today gave its approval for Foreign Direct Investment (FDI) of Janalakshmi Financial Services Ltd (JFS).
“Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its 237th meeting held on July 12, 2016...

August 11, 2016

Janalakshmi Financial Services to raise $50 mn from IFC

Bangalore-based microlender Janalakshmi Financial Services Pvt Ltd (JFS) is looking to raise about $50 million from International Finance Corp, the private sector lending arm of World Bank, as per a disclosure by IFC...

June 03, 2016

MUDRA Bank invests Rs 50 crore in securitisation deal with Janalakshmi Financial Services

MUDRA Bank has invested Rs 50 crore in a securitisation deal with Janalakshmi Financial Services, helping release capital for the micro lender which is busy in small finance bank preparation...

April 21, 2016

Janalakshmi Announces $210 Million Equity Round, Led by TPG

Janalakshmi Financial Services Limited (“Janalakshmi”) today announced a $150 million (INR 10 billion) round of primary equity financing led by global private investment firm TPG...

April 18, 2016

CDC Group invests Rs 330cr in Janalakshmi Financial Services

UK development finance institution, CDC Group invested Rs 330 crore ($50 million) in microfinance lender Janalakshmi Financial Services. The capital will provide for the Tier II capital of the lender and help the newly selected small bank...

January 11, 2016

Smart Campaign Recognizes Five Indian Financial Institutions for Exceptional Standards of Client Care

The Smart Campaign, a global movement to embed a set of client protection principles into the fabric of the microfinance industry, today recognized five Indian financial institutions with Smart Certification, acknowledging their high standards...

December 08, 2015

RBI grants “In-principle” Approval to 10 Applicants for Small Finance Banks

The Reserve Bank of India (RBI) has today decided to grant “in-principle” approval to the following 10 applicants to set up small finance banks under the “Guidelines for Licensing of Small Finance Banks in the private sector”...

September 16, 2015

Janalakshmi Financial Services raises around Rs 180 crore

Microfinance institution Janalakshmi Financial Services today said it has raised around Rs 180 crore through issuance of non-convertible debentures and from unsecured term loans...

August 10, 2015

Janalakshmi Financial Services Pvt. Ltd. Close First Tranche of INR 125 Crores NCDs

Janalakshmi Financial Services Private Limited (“Janalakshmi” / “the Company”) is pleased to announce that it has successfully closed the first tranche (INR 125 crores) of a total INR 250 crores of listed, non-convertible bonds. The bonds...

February 23, 2015

RBI releases Names of Applicants of Small Finance Banks and Payments Banks

The Reserve Bank of India today released the names of applicants of small finance banks and payment banks, stating it received, in its Central Office, 72 applications for small finance banks (Annex I) and 41 applications for payments banks...

February 04, 2015

Janalakshmi to expand further into untapped market

Triodos Fair Share Fund and Triodos Microfinance Fund jointly contribute USD 11.4 million to Janalakshmi Financial Services, one of the three largest microfinance institutions in India. This loan will help Janalakshmi to expand further...

February 02, 2015

Janalakshmi inks big office space deal in Bengaluru center

Former Citibanker Ramesh Ramanathan promoted micro-finance provider Janalakshmi Financial Services has concluded one of the largest office space lease deals in the heart of Bengaluru...

Dec 11, 2014

Janalakshmi Financial Services Chooses IBM Analytics, Cloud and Mobile Capabilities to Fuel Future Growth and Expansion

IBM (NYSE: IBM) today announced that it has entered into a six year agreement with Janalakshmi Financial Services (JFS), a leading India-based micro finance provider, to transform its business and technology capabilities...

July 15, 2014

Janalakshmi Financial Services Teams with Accenture to Scale Up Operations, Expand Services for India’s Poor

Accenture (NYSE: ACN) and Janalakshmi Financial Services (JFS), one of India’s leading microfinance organizations, have signed a five-year agreement in which Accenture will provide business process outsourcing and IT services...

October 04, 2013

Janalakshmi and Manipal Global Education Services Launch Janalakshmi-Manipal Institute of Financial Inclusion

Janalakshmi Financial Services Pvt. Ltd.(JFS) and Manipal Global Education Services (MaGE) announced today the launch of Janalakshmi-Manipal Institute of Financial Inclusion(JMIFI), that was formally inaugurated at Bangalore, by Shri. Ajay...

March 26, 2013

How Janalakshmi got to the top

While the rest of the sector has been largely stagnating, with a large amount of its unrecoverable loans, Janalakshmi’s loan book has been skyrocketing...

June 19, 2012

Wipro Capitalizes on Cloud Capability to Boost Janalakshmi’s Microfinance ‘Liability Products’ Business

Wipro Technologies, the Global Consulting, System Integration and Outsourcing Business of Wipro Limited (NYSE:WIT) today announced that the implementation of a CRM solution, for Janalakshmi Financial Services...

November 19, 2010