Jana Small Finance Bank opens its 700th branch in Odisha

Odisha: Jana Small Finance Bank has opened its 700th branch in Buromal, Balangir District, Odisha. Dr. Subhash C. Khuntia, Non – Executive Chairman of Jana Small Finance Bank and former Chairman of IRDAI, opened the branch. The branch in Odisha will provide banking services for both obligations and assets, such as Savings Accounts, Fixed Deposits, and Group Loans, among other things.

This new branch in Odisha strives to strengthen relationships while continuing to deliver excellent banking services to Buromal’s rural consumers. While it will also serve homes in Belapada, Tikrapada, Bangamunda, Moribahal, Tureikela, and other nearby areas.

The principle guest of inauguration is Dr. Subhash C. Khuntia, Non – Executive Chairman of Jana Small Finance Bank and former Chairman of IRDAI. He stated, “Credit development is a key component of progress and prosperity.” There are several chances to close the country’s financial inclusion gap. And we are pleased to see that Jana Small Finance Bank is committed to doing so. I wish the branch the best of luck in its efforts to serve the people of Buromal.”

Mr Ajay Kanwal, MD and CEO of Jana Small Finance Bank, stated on the occasion of the new branch inauguration.  With the establishment of this 700th branch in Odisha, we have successfully increased our un-banked rural branches to 244. While it is 35% of our overall branch network.

Jana Small Finance Bank has a long history in Odisha, with 63 branches around the state, 48 of which are in underserved rural areas.