Jana Small Finance Bank Limited has announced that the Reserve Bank of India (RBI) has returned its application for voluntary transition to a Universal Bank. The bank had earlier applied under the relevant RBI guidelines to upgrade its existing Small Finance Bank status, but was informed that it did not meet certain required criteria.
On October 28, 2025, Jana Small Finance Bank informed the exchanges that the RBI had returned its application for transition to a Universal Bank. The decision follows the bank’s submission made earlier this year, as communicated through its letter dated June 9, 2025. The RBI’s action was based on the non-fulfilment of specific eligibility norms outlined in its circular governing such conversions.
The bank conveyed this update to both the National Stock Exchange of India (NSE) and BSE Limited in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communication was signed by Lakshmi R N, Company Secretary and Compliance Officer of the bank.
Jana Small Finance Bank had expressed its intention to transition to a Universal Bank as part of its growth strategy aimed at broadening its financial services offerings. Such a transition allows Small Finance Banks to operate with expanded banking capabilities similar to traditional commercial banks, subject to meeting specific capital, governance, and operational benchmarks set by the RBI.
However, the central bank’s recent communication indicates that Jana Small Finance Bank did not yet met the required eligibility standards for the transition. The bank has not disclosed further details on which criteria were unmet or its next steps in this process.
Read More:Jana Small Finance Bank Reports Q2 FY26 Results with Strong Secured Lending Growth!
Headquartered in Bengaluru, Jana Small Finance Bank Limited operates under the CIN L65923KA2006PLC040028. It provides a wide range of financial products and services, with a strong focus on inclusive banking and serving underbanked segments. The bank’s registered office is located at The Fairway Business Park, Off Domlur, Koramangala Inner Ring Road, Bengaluru.
On October 28, 2025, Jana Small Finance Bank share price opened at ₹433.95 on NSE, below the previous close of ₹457.50. During the day, it surged to ₹455.65 and dipped to ₹431.00. The stock is trading at ₹449.85 as of 9:31 AM. The stock registered a moderate decline of 1.67%.
Over the past week, it has moved up by 2.59%, over the past month, it has declined by 2.92%, and over the past 3 months, it has declined by 1.82%.
The return of Jana Small Finance Bank’s application by the RBI highlights the regulator’s strict adherence to eligibility conditions for Small Finance Banks seeking Universal Bank status. While this may delay the bank’s plans for expansion, it also underscores the importance of meeting all prudential and operational standards before such a transition.
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Published on: Oct 28, 2025, 12:29 PM IST
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