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Nagpur, 12th September 2024:Jana Small Finance Bank, one of India’s largest small finance bank, has announced the launch of its new branch in Nagpur, Maharashtra. The opening of this branch marks a significant milestone for Jana Small Finance Bank, bringing their total number of branches to 776, with Maharashtra hosting the fourth largest branch network of 84 branches. The new branch is part of bank’s expansion plan to extend its services to customers across the country.

The new branch, located in Nagpur, Maharashtra will offer a wide range of banking products and services, including savings accounts, fixed deposits, loans, and insurance. The branch will also offer digital banking services, including mobile banking and internet banking.

The inauguration of the Nagpur branch brings the total number of Jana Small Finance Bank branches to 776, with Maharashtra hosting the fourth largest branch network of 84 branches.

The branch was inaugurated on 12th September by Honourable Shri Nitin J. Gadkari, Cabinet Minister, Ministry of Road Transport and Highways, Government of India.

Honourable Shri Krushna P Khopde, MLA; Hon. Shri Vinayak Mahamuni, IAS, CEO, Nagpur Zilla Parishad; Shri.Dayashankar Tiwari,Ex Mayor, Nagpur,Shri Milind S Bokade, DRDS Pune (GOI, Ministry of Defence); Shri Chandrashekhar Galgalikar, Art of Living and Shri Ravi Kaskhedikar, Shri.Ajay Bodhare,Ex Sabhapati, Panchayat Samiti, Kamptee also graced the occasion at the inauguration of Branch launch in Nagpur, Maharashtra.

Mr. Ajay Kanwal, Managing Director and Chief Executive Officer, Jana Small Finance Bank, said, “We are overwhelmed with the presence of Honourable Shri Nitin J. Gadkari to inaugurate the branch. This is highly motivating to me and our 22,000 employees nationally. With this launch we further strengthen our presence in Maharashtra which is one of our key states, as we strive to serve the needs of aspirational India through our Phygital services.”

Jana Small Finance Bank operates a total of 776 branches across 24 states and union territories. Of these, 261 branches, accounting for 33.6%, are Unbanked Rural Centre (UBR).

About Jana Small Finance Bank:

Jana Small Finance Bank, a scheduled commercial bank, is the 4th largest Small Finance Bank in India with an experience of over 16 years in lending and serving 12 million customers. The Bank was launched in March 2018, is a solid combination of a digital institution and national presence across 22 states and 2 union territories. From its origin of being a NBFC-MFI, the bank has transformed steadily over the years, leading to 62% of its lending book being secured, mostly backed by mortgages. The Bank has created a fast growing retail deposit franchise with a strong brand presence and high standards of customer service. The bank's management team has an average experience of 24 years with a reputed and well-rounded Board.