Jana Small Finance Bank surges on applying for universal banking licence
Jana Small Finance Bank is currently trading at Rs. 532.45, up by 12.75 points or 2.45% from its previous closing of Rs. 519.70 on the BSE.
The scrip opened at Rs. 551.65 and has touched a high and low of Rs. 552.90 and Rs. 530.00 respectively. So far 87766 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 760.85 on 19-Jun-2024 and a 52 week low of Rs. 364.00 on 21-Jan-2025.
Last one week high and low of the scrip stood at Rs. 552.90 and Rs. 473.05 respectively. The current market cap of the company is Rs. 5627.48 crore.
The promoters holding in the company stood at 22.28%, while Institutions and Non-Institutions held 16.77% and 60.94% respectively.
Jana Small Finance Bank has formally submitted an application to the Reserve Bank of India (RBI) seeking approval to transition into a universal bank. The strategic move marks a significant milestone in Jana Bank's growth journey and reflects its long-term commitment to financial inclusion, innovation, and sustainable banking.
Jana Small Finance Bank is a non-banking finance company (NBFC) primarily engaged in providing MSME loans, affordable housing loans, term loans to NBFC, loans against fixed deposits, two-wheeler loans and gold loans.
