Janakalyan Sahakari Bank

What Janakalyan Sahakari Bank does

Janakalyan Sahakari Bank Ltd. is a Scheduled Cooperative Bank domiciled in Maharashtra, India, operating across the Mumbai Metropolitan Region (Mumbai, Thane, Navi Mumbai, and Raigad) through a network of approximately 27-29 branches plus a corporate office in Chembur. The bank is owned by its members/depositors under a cooperative structure and is regulated by the Reserve Bank of India with DICGC membership providing up to Rs. 5 lakhs of deposit insurance per depositor. It serves retail individuals (salaried, self-employed, women, youth, senior citizens), SMEs and commercial enterprises through a comprehensive suite of deposit products (savings, current including Platinum/Gold/Zero-Balance variants, fixed deposits, recurring deposits, Kalyan Thev Yojana, Jankar Bachat Thev Yojana) and lending products (housing, vehicle, personal, education, gold, professional, mortgage, Udyogini for women entrepreneurs, cash credit/overdraft up to Rs. 13.75 crore, term loans, bill discounting, lease rent discounting, Janvyapar).

The bank's technology stack is built on standard banking infrastructure: a core banking system, internet banking platform (ib.janakalyan.bank.in), mobile banking app, SMS banking, ATM network, RuPay debit cards, POS terminals, Cash Deposit Machines, and Multipurpose KIOSKs. It participates in NPCI's national payment rails (UPI, IMPS, NEFT, RTGS, RuPay, FASTag) and integrates with third-party UPI apps (Google Pay, PhonePe, FreeCharge, Mobikwik). Digital services where used by the bank are commodity/self-service (transaction alerts, OTP confirmations, e-statements, online loan and deposit applications) with no disclosed AI/ML components.

The revenue model is a classic spread-plus-fee banking model: net interest income from lending (housing, vehicle, personal, education, gold, business, cash credit, mortgage) versus deposit-taking (savings, current, fixed, recurring, specialized schemes paying 3.75-7.25% p.a.), supplemented by transaction fees (IMPS, ATM, SMS, processing charges ranging from 0.25% to 1%, locker rentals, demand drafts, cheque book charges). Channel strategy is direct-to-consumer, blending the 27+ branch footprint with digital self-serve channels. The bank has declared dividends for FY 2023-2024 and FY 2025-2026, indicating continued profitable operations within a geographically bounded cooperative franchise.

Name

Janakalyan Sahakari Bank

Legal name

Janakalyan Sahakari Bank Ltd.

Website

https://jsblbank.com

Company type

Private

Founded year

1974

Operating status

Operating

Headcount range

251–500 employees

Short description

Janakalyan Sahakari Bank is a Scheduled Cooperative Bank serving retail and SME customers in Mumbai, Thane, Navi Mumbai and Raigad through 27-29 branches, offering deposits, retail and commercial loans, digital banking, and insurance distribution.

Ownership category

akta.pro rank

Product category

Cooperative Banking

NAICS

Commercial Banking (522110), Depository Credit Intermediation (5221), Savings Institutions and Other Depository Credit Intermediation (52218)

SIC

National Commercial Banks (6021), Functions Related To Depository Banking, Nec (6099)

akta.pro primary industry

General SME & Middle-Market Commercial Banking (FSABABAA)

akta.pro secondary industries

Branch & In-Person Banking (Teller/ATM Networks) (FSABAAAE), Real Estate (Commercial Property, REITs) (FSABACAH)

Keywords

• Cooperative banking services
• Retail banking services
• Commercial lending
• Deposit accounts
• Digital banking

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices29 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Interest Income: Primary revenue from interest spread on loans including housing loans, vehicle loans, personal loans, education loans, gold loans, business loans, cash credit facilities, and mortgage loans. Bank offers both priority sector and general loans.
2. Fee-based Income: Processing fees on loans, ATM transaction charges, IMPS/NEFT/RTGS charges, SMS alert fees, cheque book charges, account maintenance charges, locker rentals, demand draft issuance fees, and various service charges.
3. Deposit Taking: Accepts deposits through savings accounts, current accounts, fixed deposits, recurring deposits, and specialized deposit schemes like Kalyan Thev Yojana and Jankar Bachat Thev Yojana. Interest paid to depositors at rates ranging from 3.75% to 7.25% p.a.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels5 records

Core offering

Janakalyan Sahakari Bank is a Scheduled Cooperative Bank providing retail and commercial banking services including savings accounts, current accounts, fixed deposits, recurring deposits, retail loans (housing, vehicle, personal, education, gold), commercial loans (cash credit, term loans, bill discounting), digital banking channels (internet banking, mobile banking, UPI, SMS banking, ATMs), insurance distribution through bancassurance, and ancillary services like lockers and POS terminals.

Product overview

Janakalyan Sahakari Bank is a Scheduled Co-operative Bank offering a comprehensive suite of banking products and services primarily serving customers in Mumbai, Thane, Navi Mumbai, and Raigad regions. The bank's product portfolio spans core digital banking channels (Internet Banking, Mobile Banking, UPI, SMS Banking), traditional deposit products (Savings Account, Current Account variants including Zero Balance, Platinum, and Gold tiers, Fixed Deposits, Recurring Deposits, and specialized schemes like Kalyan Thev Yojana and Jankar Bachat Thev Yojana for tax benefits), retail lending (Housing Loans, Vehicle Loans, Personal Loans, Education Loans, Gold Loans, Professional Loans, Mortgage Term Loans, Udyogini for women entrepreneurs), commercial/corporate banking (Cash Credit/Overdraft facilities up to Rs. 13.75 crore, Term Loans, LC Bills Discounting, Lease Rent Discounting, Bills Discounting, Janvyapar Loan), insurance products through bancassurance partnerships, and supplementary services including ATM, POS, Locker facilities, e-Statements, Cash Deposit Machines, and Society Management. The bank participates in national payment infrastructure including NPCI-managed systems (UPI, IMPS, NEFT, RTGS, RuPay) and integrates with third-party payment apps (Google Pay, PhonePe, FreeCharge, Mobikwik). With 29 branches across Mumbai metropolitan region and a corporate office in Chembur, the bank combines traditional cooperative banking values with modern digital banking capabilities.

Differentiator

Problem solved

Functional benefit

Products and services

• Savings Account

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

AI capability2 records

Partnerships

Four partnerships are on record, tiered core.

• National Payments Corporation of India (NPCI)coreTechnology or IntegrationNPCI operates the digital payment infrastructure including IMPS, UPI, and RuPay card network that Janakalyan Bank integrates with to provide real-time fund transfers and card services to customers.
• Reserve Bank of India (RBI)coreOthersRBI is the regulatory authority governing Janakalyan Sahakari Bank as a Scheduled Bank. The bank operates under RBI guidelines and is a member of the Banking Ombudsman Scheme.
• Depositor Insurance and Credit Guarantee Corporation of India (DICGC)coreOthersDICGC provides deposit insurance cover up to Rs.5 lakhs per depositor for Janakalyan Sahakari Bank as per RBI regulations. All Janakalyan Bank deposits are registered with DICGC.
• Insurance CompaniescoreChannel Partner/ Reseller/ DistributorJanakalyan Bank offers insurance products including health insurance, life insurance, and general insurance through partnerships with insurance companies. The bank provides these products to customers through its branch and digital channels.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Thane Bharat Sahakari Bank: Thane-headquartered urban cooperative bank serving MMR customers with deposits, loans, and digital banking. Direct regional peer operating in the same Thane/Mumbai corridor as Janakalyan.
• Abhyudaya Co-operative Bank: Mumbai-headquartered UCB with branches across Maharashtra and select metros, serving retail and SME customers with deposits, housing loans, and commercial banking. Direct peer in product mix and target customer base.
• Cosmos Co-operative Bank: Large urban cooperative bank headquartered in Pune with a national branch footprint and full retail/commercial banking services. Direct peer to Janakalyan as a multi-state UCB offering deposits, loans, digital banking, and insurance distribution to retail and SME customers.
• Saraswat Co-operative Bank: One of India's largest urban cooperative banks, headquartered in Mumbai with an extensive MMR and multi-state branch network. Highly comparable as a Mumbai-area UCB serving retail, SME, and commercial segments with similar deposit and loan products.
• NKGSB Co-operative Bank: Mumbai-headquartered cooperative bank offering savings, current, fixed deposits, retail loans, and commercial banking services with multi-state branches. Highly comparable to Janakalyan as a cooperative peer in the same geographic market.
• New India Co-operative Bank: Mumbai-headquartered UCB providing retail and SME banking products including savings accounts, deposits, and various loan categories. Direct comparable within the Mumbai cooperative banking competitive set.
• Shamrao Vithal Co-operative Bank (SVC Bank): Mumbai-headquartered urban cooperative bank offering retail and commercial banking including deposits, loans, NRI services, and digital channels. Directly comparable in scale and product mix to Janakalyan within the Mumbai co-op banking landscape.

Broad incumbents

• HDFC Bank: India's largest private sector bank with deep retail and SME penetration in MMR, offering deposits, loans, digital banking, and insurance distribution. Sets competitive benchmarks for retail banking in Janakalyan's core geography.
• State Bank of India (SBI): India's largest public sector bank with massive branch and digital footprint, including significant MMR presence offering the same deposit and loan products Janakalyan offers. Operates as a broad incumbent shaping competitive pricing across the region.

Emerging players

• AU Small Finance Bank: Small finance bank with growing retail and MSME banking franchise in urban and semi-urban India, including digital offerings comparable to Janakalyan's mobile and internet banking. Competes for similar SME and retail customer segments in MMR-adjacent markets.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/JanakalyanBank
• Facebookfacebook.com/JSBLBANK

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Janakalyan Sahakari Bank