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.