MoneyWorks4Me

Ujjivan Financial Services’ arm launches 39 URCs in eastern states

15 Mar 2018 Evaluate

Ujjivan Financial Services’ wholly-owned subsidiary -- Ujjivan Small Finance Bank -- has launched 39 Unbanked Rural Centres (URCs) in the eastern states of West Bengal, Assam, Bihar, Jharkhand, Tripura and Orissa. The company has also set-up seven Business Correspondents (BC) in Howrah and Hoogly district of West Bengal.

By March 31, 2018, the company is planning for 187 banking outlets with 47 URCs spread across West Bengal, Assam, Tripura, Bihar, Jharkand, Orissa, Karnataka and Tamil Nadu.

Ujjivan is the holding company of Ujjivan Small Finance Bank, which is focused on providing loans and savings products to the unserved and underserved population.


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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