Jana Small Finance Bank Share Price Falls 2.68% After RBI Returns Universal Bank Application

Bengaluru, October 28: Jana Small Finance Bank Limited share price is witnessing negative investor demand today, on October 28. As of 11:55 AM, Jana Small Finance Bank shares are down by 2.68%, or 12.25 points, and are trading at ₹445.25. Until now, the shares have traded within a range of ₹455.65 and ₹431. The current traded volume stands at 6.80 lakh shares, with the company’s market cap at ₹4,816 crore. The shares of the company have their 52-week high at ₹552.50 and their 52-week low at ₹363.80.

Jana Small Finance Bank Limited is a private started bank that provides banking and financial services to individuals and institutions. The bank started its operations in 2018. It is headquartered in Bengaluru, Karnataka. The shares of the bank are listed on NSE with the ticker symbol JSFB and on BSE with the code 544118.

Key Trigger: RBI Returns Universal Bank Application

The fall in the share price comes after the company announced that the Reserve Bank of India (RBI) has returned its application to convert the small finance bank into a universal bank. RBI, rejecting the application commented that the reason for rejection is: “due to non-fulfilment of the criteria mentioned in the RBI circular”. The bank had submitted the proposal to convert the small finance bank into a universal bank on June 9, 2025.

The rejection of the application by the RBI has negatively affected investor sentiments, leading to a share price fall. It remains to be seen how the bank responds to the rejection and what steps it takes in the coming days.

REF: https://nsearchives.nseindia.com/corporate/sanath_rao_janabank_com_28102025080331_Intimation_on_UB_Transition.pdf

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