Current Affairs Economy & Banking

Jana Small Finance Bank Launches Commercial Operations

Category : Economy & Banking

 Jana Small Finance Bank announced the commercial launch of its banking operations, the last microfinance company to convert itself into a small finance bank (SFB), three years after the Reserve Bank of India (RBI) gave its in-principle approval. The small finance bank was earlier called Janalakshmi Financial Services and weathered huge losses on account of demonetization. 
Source- The Livemint


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