Jana Small Finance Bank launches branch in Thakurpukur; expands branch network in West Bengal

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Jana Small Finance Bank Thakurpukur Branch launch
Jana Small Finance Bank Thakurpukur Branch launch

Jana Small Finance Bank launches branch in Thakurpukur; expands branch network in West Bengal

18 bank branches now operational in West Bengal

Photo caption: Chief Guest – Professor Asok Kumar Banerjee, President, Calcutta Management Association and Council Member, All India Management Association – addressing the gathering at the Jana Small Finance Bank branch launch at Thakurpukur

Photo caption (L to R): – Professor Asok Kumar Banerjee, President, Calcutta Management Association and Council Member, All India Management Association and Ms.Rita Das, Chief Coordinator, Communication & Development, Saroj Gupta Cancer Centre & Research Institute, Thakurpukur

Kolkata, Tuesday, June 04, 2019Jana Small Finance Bank Ltd today launched its newest branch in Thakurpukur, Kolkata. With this, India’s newest small finance bank has now expanded its bank branch network to 18 in West Bengal. The bank is now serving over 2,50,000 customers in West Bengal; across India, it is catering to more than 54 lakh customers, served by 16,000 employees spread across 250 branches and 262 asset centres.

In sync with its brand promise — Paise ki Kadar (value for money) — Jana Small Finance Bank is offering 9% interest on 3-year Fixed Deposits; for senior citizens, the rate is 9.6%. The bank’s Group Loan customers have been opening zero-balance Basic Savings Bank Deposit Accounts. 

Inaugurating the Thakurpukur branch, Chief Guest, Professor Asok Kumar Banerjee, President, Calcutta Management Association and Council Member, All India Management Association— said, “I am delighted to launch the branch and would like to congratulate Jana Bank for focusing on the financial inclusion agenda.” He wished the bank success in its mission to serve the financially under-served. 

Mr. Ajay Kanwal, MD & CEO, Jana Small Finance Bank said, “West Bengal is a key state for our Bank. We are delighted to serve our customers with the new banking outlets. We remain deeply committed to financial inclusion. With our digital strength, our customers will leap directly into modern-day banking while availing of their first formal loan or opening a savings account.”

The bank is committed to opening 39 more branches in West Bengal by start of 2020.

Sanjit Ghosh, Zonal Head – Retail Financial Services, West Bengal, Assam & Sikkim, Jana Small Finance Bank, said, “As a micro finance institution, we have already expanded our network in West Bengal. The strategy is to drive financial inclusion in rural and semi-urban areas by offering loans and giving our customers multiple choices for saving their hard-earned money and earn the best interest rates — savings accounts, fixed deposits, etc.”

Jana Small Finance Bank commenced operations in March 2018. By end of financial year 2019-20, over 600 branches will be operational in at least 20 states and Union Territories, following conversion of many of its micro finance storefronts into bank branches.  At least 160 of its branches are presently catering to small and medium enterprises.

The bank will continue to extend other product offerings like business loans, agri loans, affordable housing loans and gold loans to cater to the diverse needs of customers.

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