Ujjivan Small Finance Bank Ltd
Ujjivan Small Finance Bank Ltd Company History
Ujjivan Small Finance Bank was established as a non banking financial services company in the year 2005 with the mission to provide a full range of financial services to the ‘economically poor’ who were not adequately served by financial institutions.
2016
UFSL received RBI Final Approval to set up the Bank
Incorporation of the Bank
2016
2017
Commencement of the operations on February 1, 2017
Transfer of business undertaking of UFSL to the Bank pursuant to the Business Transfer Agreement
Inclusion of the Bank in the second schedule of the RBI Act
Introduced bio-metric authentication facilities in the ATMs
2017
2018
First full year of banking operations with 187 banking outlets of which 25% were in URCs
Bank recorded a net profit of Rs.68.63 million
2018
2019
Launched new business lines, such as, loans for rural agriculture business and allied activities, financial institutions group lending, two-wheeler loans, personal loans and overdraft facility
Crossed fthe million customer base and ended Fiscal 2019 with a unique active customer base of over 4.61 million
Total deposits grew from Rs. 37.72 billion in Fiscal 2018 to Rs. 73.79 billion in Fiscal 2019
Loan portfolio crossed Rs. 110.49 billion
Launched new digital services -bill payment, UPI, NACH and mobile application in five languages and the corporate internet banking facility.
2019
2020
Ujjivan Small Finance Bank ranks 5th among the Best Companies to Work 2020.
2020
2022
Ujjivan SFB tiesd up with Hero MotoCorp for two-wheeler financing.
2022
2023
Ujjivan Small Finance Bank launches ÂHello UjjivanÂ- IndiaÂs first Voice, visual, vernacular banking app.
Max Life partners with Ujjivan Small Finance Bank to offer life insurance solutions.
Ujjivan Small Finance Bank Launched Unpause Initiative to Celebrate the International WomenÂs Day.
Hello Ujjivan App wins the prestigious 13th Aegis Graham Bell Awards.
2023
