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The small finance bank status provided the opportunity to expand Ujjivan's range of loan products, and also to accept deposits rather than relying on other financial institutions to provide funds for the loans. [10] Ujjivan received the final license from the Reserve Bank of India on 11 November 2016 to set up a small finance bank. [11]
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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 ...
A 2021 study found that the treadmill is the most effective cardio machine for weight loss. A trainer explains why—and reveals the best treadmill workouts. ... You also use your body weight on a ...
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 ...
[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 conversion to a small finance bank. [4] Jana reported in November 2019 that the September 2019 quarter was its first profitable quarter since ...
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