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Ujjivan Financial Services applies for small finance bank licence

22 Aug 2016 Evaluate

Ujjivan Financial Services has submitted an application to Reserve Bank of India (RBI) for a small finance bank licence for its subsidiary. The company has submitted an application to the RBI on August 18, 2016 for grant of banking licence to Ujjivan Small Finance Bank, a wholly-owned subsidiary of the company.

Ujjivan offers a diverse range of loan products to cater to the specific requirements of its customers. Its products can be classified under two broad categories, namely, group loans and individual loans.

Peers
Company Name CMP
Power Finance Corpn. 318.00
REC 289.10
NHIT 168.00
Satin Creditcare Net 227.20
IFCI 65.17
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