Jana Small Fin Bank ropes in ex-Irdai chief

Jana Small Finance Bank appointed former Insurance Regulatory and Development Authority of India (Irdai) chairman Subhash C Khuntia as part-time chairman. The 1981-batch IAS officer was earlier chief secretary to the Karnataka government, and secretary in the Centre’s department of school education. “Financial inclusion has always been dear to my heart and I am excited at the opportunity to work with the board and the management team at Jana in their endeavour towards this noble cause,” Khuntia said. Jana Small Finance Bank is proposing an initial public offer (IPO) and has filed a draft red herring prospectus (DRHP) with markets regulator Sebi.