Jana Small Finance Bank is looking at listing its shares by March 2021

Jana Small Finance Bank has started with a comfortable capital adequacy ratio (CAR) of about 35 per cent and loan book of Rs 80 billion

Jana Small Finance Bank, formerly Janalakshmi Financial Services, is looking at listing its shares by March 2021. It started operations on March 28.

As a micro finance institution, Bengaluru-based Janalakshmi raised Rs 16 billion as capital in 2017-18. It hopes to raise about Rs 3 billion soon.

The bank’s Managing Director and Chief Executive Officer Ajay Kanwal said according to the rules for small finance banks (SFBs), these have to list on exchanges within three years of starting operations.  

Merchant banking sources said the listing of shares of SFB on exchanges will give an opportunity to some institutional investors, who