Jana Small Finance Bank gets RBI approval to re-appoint Ajay Kanwal as MD & CEO

Ajay Kanwal

Jana Small Finance Bank received approval from the Reserve Bank of India (RBI) to re-appoint Ajay Kanwal as the Managing Director (MD) & Chief Executive Officer (CEO) for three years beginning March 21, 2024. His reign will last until March 20, 2027.

Janalakshmi Financial Services became Jana Small Finance Bank in March 2018. Kanwal has more than 33 years of experience in financial services and has held various leadership positions in his banking career. He has launched several strategic growth initiatives while building and managing diverse teams “across geographies,” said a statement.

Kanwal has over 33 years of expertise in financial services. Kanwal was the regional CEO of ASEAN and South Asia at Standard Chartered Bank before joining Jana SFB, and he also worked briefly as a Senior Advisor for TPG and Mastercard.

He was a senior consultant for TPG Capital, a private equity firm, and Mastercard, a worldwide payments company. Kanwal graduated with a bachelor’s degree in electronics and telecommunications engineering from Marathwada University and a master’s degree in management studies from the University of Bombay.

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