🌟 [ 48 ]   Jana Small Finance Bank IPO review | Should you apply? | IPOs 2024 [ @Upstox ]

To apply for the IPO : [ 🔗 Click ‼️ ] Incorporated in 2006, Jana Small Finance Bank Limited is the fourth largest small finance bank in terms of AUM (Assets Under Management) and deposit size as of 30 September 2023. It offers secured business loans, microloans against property, MSME loans, affordable housing loans, term loans to NBFC, loans against fixed deposits, two-wheeler loans and gold loans. Meanwhile, under unsecured loan products, it offers individual and micro business loans, agricultural and allied loans, and group loans. The bank is also a corporate agent for third-party life insurance products, general (non-life) and health insurance products, including COVID-19 insurance products. It delivers its products and services through banking outlets and ATMs, business correspondents, ATM cum debit cards, mobile banking platforms, internet banking portals and SMS alerts. As of 30 September 2023, it had 771 banking outlets, including 278 banking outlets in unbanked rural centres, in 22 states and two union territories. Since 2008, it has served nearly 12 million customers, of which 4.87 million customers are active as of 30 September 2023. Between FY21 and FY23, it saw a CAGR rise of 7% in its interest earned. Additionally, the advances and deposits in the small finance bank industry are projected to increase at a CAGR of 33% to 44% between FY23 and FY25, which could benefit the bank. And now, Jana Small Finance Bank Limited is coming out with its initial public offer (IPO). The IPO will be an offer for sale as well as a fresh issue. The money raised through the fresh issue will be utilised to augment the bank’s Tier–I capital base, increase lending and meet the expenses in relation to the Offer. Its shares will be listed on the NSE and the BSE. watching our videos? We love making them for you! Leave a comment and tell us what you would like to see nextShare u0026 subscribe to our Y .

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🌈 🔎 JanaSmallFinanceBankIPOreviewShouldyouapplyIPOs2024 🌈