Jana Small Finance Bank announced that the Reserve Bank of India (RBI) has returned its application seeking a voluntary transition to a Universal Bank. The regulator’s decision was based on non-fulfilment of specific eligibility criteria outlined in the RBI’s guidelines for such transitions.
In the exchange filings, the company shared, “We wish to convey that the RBI has returned the application made for Voluntary Transition to Universal Bank due to non-fulfilment of the criteria mentioned in the RBI circular in this regard.”
This update follows the bank’s earlier filing dated June 9, 2025, regarding its application.
In the meantime, Jana Small Finance Bank shares closed at ₹453.60 on Monday, after opening at ₹446. The stock touched an intraday high of ₹488.65 and a low of ₹442.60. Compared to its 52-week range, the stock remains below its peak of ₹552.50 but well above its low of ₹363.80.
