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By February 2018, Ujjivan was present across 24 states and union territories, 209 districts in India, catering to over 3.7 million customers. [12] [13] In October 2019, Ujjivan Small Finance Bank received approval from the Securities and Exchange Board of India to raise ₹1,200 crores (US$162 million) in an initial public offering (IPO). [14]
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 ...
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 ...
Micro finance Institutions, also known as MFIs, [11] a microfinance institution is an organisation that offers financial services to low income people. Almost all give loans to their members, and many offer insurance, deposit and other services. A great scale of organisations are regarded as microfinance institutes. They are those that offer ...
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 ...
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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]
This is a list of microfinance banks This is a dynamic list and may never be able to satisfy particular standards for completeness. You can help by adding missing items with reliable sources .
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