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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]
In June 2019, the bank raised 430 million fund from Amicus Capital [12] and in November, it raised 84 Crore fund as Oman India Joint Investment Fund bought 10% share of the bank. [13] [14] In Feb 2024, it stopped trading in unlisted market and was listed. The unlisted share price details are available Unlisted Share Details.
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 ...
See today's average mortgage rates for a 30-year fixed mortgage, 15-year fixed, jumbo loans, refinance rates and more — including up-to-date rate news.
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 ...
NSE EMERGE [2] is the National Stock Exchange of India's new initiative for small and medium-sized enterprises and startup companies from India. [3] These companies can get listed on NSE without Initial public offering (IPO).
A "strong person of interest" was arrested in Pennsylvania on Monday, after finding he had a fake ID with the same name as the one used by the suspected killer of UnitedHealthcare CEO Brian ...
ST. LOUIS ‒ They feed the hungry. They counter violence and racial injustice. They fight for criminal justice reform and against book bans. And this week, more than 4,200 of them came together ...