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Puducherry, Tuesday, 03 March: Jana Small Finance Bank Ltd today launched its newest branch in Villanur of Puducherry. Puducherry is one of the best performing region for Jana and is currently serving thousands of families to bring about a change in their lives. Villanur is Jana’s largest asset center in the country which got converted into a bank branch. It has a growing book size and this branch alone serves several thousand customers in Puducherry.

Jana Small Finance Bank has been working for financial inclusion of underprivileged women of the Union Territory and has varied product offerings like Group Loan, Agriculture Loan, Business loan, Gold Loan, Affordable Home Loan & Home Improvement Loan. With the full-fledged bank branch at Villanur, the customers in the area will also get the benefit of various liability products like Fixed Deposit, Savings Account and Current Account.

Across India, Jana is catering to more than 40 lakh customers, served by 15,000+ employees, spread across 281 bank branches and 300 asset centers.

Inaugurating the branch, Chief Guest, Hon.Chief Minister, Mr. V Narayanasamy — said, “Jana Small Finance Bank has been serving the underprivileged women of Puducherry for last 7 years. It gives me immense pleasure that the bank has been actively engaging with the women to educate them on financial literacy and helping them to change their lives.

The launch of the bank branch in Villanur is a proof of Jana’s continued commitment to the citizens of Puducherry, especially the underbanked. I wish the bank all the very best”. He added.

In sync with its brand promise — Paise ki Kadar (value for money) — Jana Small Finance Bank is offering 8.5% interest Fixed Deposits; for senior citizens, the rate is 8.75%.

Pradeep Gurumallappa, Zonal Head – Retail Financial Services, Tamil Nadu, Jana Small Finance Bank, said, “We have been proudly serving Puducherry since 2013 and have touched the lives of thousands of customers. We are elated to expand our footprint in Puducherry. Jana Small Finance Bank’s commitment towards financial inclusion reflects in our varied product offerings including its zero balance savings account, fixed deposits with high interest rates, collateral free loans, affordable housing loan schemes and agricultural loans.

Our highly committed employees drive the deep relationship with our customers through ongoing monthly engagements. Our objective with this bank branch conversion is to make the underbanked customers feel welcome into the bank branches and to enhance their trust that they have entrusted on us over the years.”

Jana Small Finance Bank Ltd. commenced operations in March 2018. By end of financial year 2019-20, over 337 branches will be operational in at least 22 states and Union Territories, following conversion of many of its micro finance storefronts into bank branches.

About Jana Small Finance Bank

Jana Small Finance Bank is headquartered in Bengaluru and has over a decade of existence.

It is one of the 10 financial institutions which had received in-principal approval from the RBI for a Small Finance Bank in 2015. Jana Small Finance Bank received final banking license in April 2017; it started banking operations on March 28, 2018.

Currently, the bank is serving 40 lakh customers across 22 states and Union Territories in India. Its vision is to become the leading inclusive digitized bank serving all customer segments and communities of an aspirational India.

For more details, please visit - http://janabank.com/

Awards and recognition

• In 2018, Capital Finance International (CFI.co) adjudged the Jana Small Finance Bank as The Best Inclusive Financial Services – India 2018 in London
• In 2017, JFS was featured in ‘Fortune – The Top 500’ as the largest corporations in India and was awarded as India’s Distinctive Goodwill Brand for 2017. In the same year, CNBC awarded JFS for Best Financial Sector Transaction ADB Private Sector.
• In 2016, VC Circle awarded JFS with the ‘Best Financial Services firm in India’
• In 2015, Palladium inducted JFS into the 2015 Palladium Balanced Scorecard Hall of Fame. It is considered the preeminent award for strategy execution and the oldest of the Balanced Scorecard award programs.