Ujjivan Small Finance Bank (USFB) has received an approval for the re-issuance/further issue and allotment of 7,500 subordinated, rated, unlisted, unsecured, transferable, redeemable, fully paid up, non-convertible debentures (NCDs), denominated in Indian Rupees, having a face value of Rs 1,00,000 each and an aggregate face value of Rs 75 crore, in the form of subordinated debt eligible to be classified as Tier II Capital in accordance with the Reserve Bank of India's ‘Master Circular - Prudential Guidelines on Capital Adequacy and Market Discipline-New Capital Adequacy Framework (NCAF)’ dated July 1, 2015, on a private placement basis. The Committee of Directors (Authorized Board Committee) of the Bank on September 09, 2022 has allotted 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.
