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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.
In 2013, Ujjivan Financial Services obtained registration with the Reserve Bank of India (RBI) as a non-banking financial company - microfinance institution (NBFC-MFI). [4] From February 1, 2017, he held the position of MD & CEO at Ujjivan Small Finance Bank until his retirement on November 30, 2019. Currently, Ghosh serves as a Non-Executive ...
Ujjivan Small Finance Bank This page was last edited on 28 November 2024, at 02:05 (UTC). Text is available under the Creative Commons Attribution-ShareAlike 4 ...
The small finance bank shall be registered as a public limited company under the Companies Act, 2013. It will be licensed under Section 22 of the Banking Regulation Act, 1949 and governed by the provisions of the Banking Regulation Act, 1949; Reserve Bank of India Act, 1934; Foreign Exchange Management Act, 1999; Payment and Settlement Systems Act, 2007; Credit Information Companies ...
Equitas Small Finance Bank (erstwhile Equitas Microfinance Ltd) is a small finance bank founded in 2016 as a microfinance lender. [ 2 ] [ 3 ] The Bank has its headquarters in Chennai , and is a subsidiary of holding company Equitas Holdings Ltd. [ 4 ]
SIDBI is active in the development of Micro Finance Institutions through SIDBI Foundation for Micro Credit, and assists in extending microfinance through the Micro Finance Institution (MFI) route. [5] Its promotion & development program focuses on rural enterprises promotion and entrepreneurship development. [6] [7]
The 1992 Indian stock market scam was a market manipulation carried out by Harshad Mehta with other bankers and politicians on the Bombay Stock Exchange.The scam caused significant disruption to the stock market of India, defrauding investors of over fifteen million USD.
In August 2023, it was announced Navi Group had sold Chaitanya Microfinance to the Mumbai-headquartered microfinance company, Svatantra Microfin for $178.5 million.[30] On 12 March 2022 Navi filed a draft for an INR 3350 crore IPO.