Transitioning to universal bank will aid borrowing cost, grow corporate clients: Jana SFB MD
Jana Small Finance Bank (SFB) expects a fall in borrowing cost and get more mid-sized MSMEs and corporates as its clients after transitioning to a universal bank, MD & CEO Ajay Kanwal tells businessline. Jana applied for an universal banking license with the RBI on Monday. In a candid interaction, Kanwal talks about the opportunities arising from a universal bank license, expected timeline for the same and whether the SFB model needs regulatory tweaking. Excerpts:
Jana Small Finance Bank (SFB) expects a fall in borrowing cost and get more mid-sized MSMEs and corporates as its clients after transitioning to a universal bank, MD & CEO Ajay Kanwal tells businessline. Jana applied for an universal banking license with the RBI on Monday. In a candid interaction, Kanwal talks about the opportunities arising from a universal bank license, expected timeline for the same and whether the SFB model needs regulatory tweaking. Excerpts:
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