Jana Small Finance Bank, erstwhile Janalakshmi Financial Services, is headquartered in Bengaluru. It is one of the 10 financial institutions which had received in-principle approval from RBI, in 2015, to set up a Small Finance Bank. Established in Bengaluru in 2008, it went on to become the largest Micro Finance Institution (MFI) in India and was recognized globally as one of the world's innovative financial institutions working on the problem of financial inclusion. Jana Bank received the final banking license in April 2017 and started banking operations on March 28, 2018. Under the leadership of its MD & CEO, Ajay Kanwal, Jana Small Finance Bank€™s vision is to become the leading inclusive digitized bank serving all customer segments and communities of an aspirational India. Currently, post the transition phase, the bank is enabling its existing 45 lakh customers across 19 states in India to access banking services. It has a Capital Adequacy Ratio (CAR) of about 35 percent and a loan book of INR 76 billion as of March 31, 2018. By 2020, the bank aspires to add four million customers. The bank has deep domain expertise in banking and financial services, with the senior management team having 25+ years of average experience in the banking sector. Its current employee strength is 15,000. By end of 2019, Jana Bank€™s 500 branches will be operational across 19 states, post-conversion of the majority of its microfinance storefronts into bank branches. Bengaluru-headquartered Jana Small Finance Bank is regulated by the Reserve Bank of India (RBI).