28 Oct 2025 | 5 Mins Read
Jana SFB shares fall up to 2% on RBI application decline
Flipitmoney
Jana Small Finance Bank's shares fell 5.79 percent to Rs 431 after the RBI returned its application to transition into a universal bank, citing non-fulfilment of criteria. MD & CEO Ajay Kanwal said the bank will engage with RBI officials to understand concerns and address them before resubmitting the application, with no timeline for a fresh filing.