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Ujjivan Financial’s arm receives scheduled bank status from RBI

30 Aug 2017 Evaluate

Ujjivan Financial Services’ wholly owned subsidiary -- Ujjivan Small Finance Bank -- has received scheduled bank status from the Reserve Bank of India (RBI). Ujjivan Small Finance Bank has been included in the Second Schedule to the Reserve Bank of India Act, 1934 vide Official Gazette Notification on August 25, 2017.

Ujjivan Financial Services is a non-banking finance company engaged in the micro finance lending business. The Company's products and services include Microfinance, Micro and Small Enterprise Business (MSE) Finance, Agriculture and Animal Husbandry Finance, and Housing Finance.


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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