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Ujjivan Financial Services’ arm receives Banking Licence from RBI

14 Nov 2016 Evaluate

Ujjivan Financial Services’ subsidiary company - Ujjivan Small Finance Bank has been issued Banking Licence by Reserve Bank of India (RBI) to carry on Small Finance Bank business in India subject to the terms and conditions.

Ujjivan Small Finance Bank is in the process of seeking necessary approvals, registrations and licensing from various departments of the Reserve Bank of India and other agencies prior to the commencement of the banking business. On receipt of the mandatory approvals required to start the operations as a Small Finance Bank, Ujjivan Small Finance Bank will commence its operations of a Small Finance Bank.

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.


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Company Name CMP
Power Finance Corpn. 318.00
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NHIT 168.00
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IFCI 65.17
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