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Ujjivan Small Finance Bank Limited is an Indian small finance bank based in Bangalore, which commenced operations on 1 February 2017. [ 3 ] [ 4 ] Ujjivan Financial Services holds an 80 percent stake in the bank.
Samit Ghosh is the founder of Ujjivan Financial Services Limited, and served as its managing director and chief executive officer until 31 January 2017, when he accepted an equivalent role with subsidiary Ujjivan Small Finance Bank. [1] Prior to 2004, he held positions at Citibank, Standard Chartered, and HDFC Bank. He served as CEO of Ujjivan ...
Bank name Established Headquarters Branches Total assets Revenues Refs Axis Bank: 1993: Mumbai, Maharashtra: 5,377 ₹ 1,518,238 crore (US$180 billion) ₹ 106,155 crore (US$13 billion) [24]
Capital Small Finance Bank was the first small finance bank to begin operations, opening with 47 branches on 24 April 2016. [ 7 ] On 26 April, 2021, under Section 22 (1) of the Banking Regulation Act, 1949, the RBI has issued an in-principle approval to Uttar Pradesh based Shivalik Mercantile Co-operative Bank Limited for transition into a ...
Ujjivan is the holding company of Ujjivan Small Finance Bank. Incorporated in 2004, Ujjivan serves over 3.5 million customers through its network of pan India branch ...
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Prior to becoming a bank, the company was India's largest microfinance institution, Janalakshmi Financial Services, [4] founded July 24, 2006. [ 5 ] [ 6 ] As a microfinance lender, the company survived large losses following the 2016 Indian banknote demonetisation , reporting total losses of ₹2,504 crore (US$338 million) at the time of its ...