Ujjivan Small Finance Bank has received approval to raise Rs 600 crore including premium through Qualified Institutional Placement (QIP), face value of Rs 10 each. The board of directors of the bank, in its meeting held on February 05, 2022 has considered and approved the same.
Ujjivan Small Finance Bank (USFB) offers small finance to underserved & unserved segments in India. The bank aims to work for the financial inclusion of the country.