Jana Small Finance IPO

Jana Small Finance Bank’s is a non-banking finance company (NBFC) and a non-banking finance company-microfinance institution (NBFC-MFI). It got the status of Scheduled Commercial Bank in 2019. The bank’s product portfolio includes secured loan products like business loans, micro loans against property (“Micro LAP”), MSME loans, affordable housing loans, term loans for NBFCs, loans against fixed deposits, two-wheeler loans, and gold loans.

Additionally, Jana Small Finance Bank offers unsecured loan products, catering to individual and micro-business needs, agricultural and allied loans, and group loans tailored especially for women through Joint Liability Groups.

Jana Small Finance IPO Strengths

• The company is a digitalised bank and the majority of the services are available in digital form to customers
• It has an Integrated risk and governance framework
• The company has professional and experienced management and Board
• The company is a Customer-centric organization with more than 16 years    of experience in serving underbanked and underserved customers
• Pan-India presence with strong brand recognition

Jana Small Finance IPO Risks

• The company is subject to inspections by various regulatory authorities,     such as the RBI, PFRDA, IRDA, and National Pension System Trust. Non-compliance with the observations of such regulators could adversely affect the business, financial condition, results of operations, and cash flows.
• The bank is subject to restrictions relating to the Equity Shares as per the RBI In-Principle Approval, RBI Final Approval, SFB Licensing     Guidelines, and SFB Operating Guidelines.