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== Awards ==
== Awards ==
Ujjivan has been ranked 13th on India’s Best Companies To Work For by Great Place To Work Institute & The Economic Times.<ref>{{Cite news|url=http://economictimes.indiatimes.com/news/company/corporate-trends/indias-best-companies-to-work-for-2017-the-complete-list/articleshow/59419981.cms|title=India's best companies to work for 2017: The complete list|last=|first=|date=|work=|access-date=|archive-url=|archive-date=|dead-url=}}</ref> Ujjivan won Platinum Award for Inclusive Insurance at the SKOCH Insurance Awards 2016.<ref>{{Cite web|url=http://www.thehindubusinessline.com/money-and-banking/ujjivan-bags-award-for-inclusive-insurance/article9114986.ece|title=Ujjivan won award for inclusive insurance|last=|first=|date=|website=|archive-url=|archive-date=|dead-url=|access-date=}}</ref> MD & CEO, Mr. Samit Ghosh was awarded Entrepreneur of the Year 2015 for Social Impact by Forbes India<ref>{{Cite web|url=http://www.forbesindia.com/article/leadership-awards-2015/former-banker-samit-ghoshs-epiphany/41237/1?utm=slidebox|title=Samit Ghosh is Entrepreneur of the Year Social Impact 2015 by Forbes India|last=|first=|date=|website=|archive-url=|archive-date=|dead-url=|access-date=}}</ref>
Ujjivan has been ranked 13th on India’s Best Companies To Work For by Great Place To Work Institute & The Economic http://www.greatplacetowork.in/best-companies/indias-best-companies-to-work-for#.<ref>{{Cite news|url=http://economictimes.indiatimes.com/news/company/corporate-trends/indias-best-companies-to-work-for-2017-the-complete-list/articleshow/59419981.cms|title=India's best companies to work for 2017: The complete list|last=|first=|date=|work=|access-date=|archive-url=|archive-date=|dead-url=}}</ref> Ujjivan won Platinum Award for Inclusive Insurance at the SKOCH Insurance Awards 2016.<ref>{{Cite web|url=http://www.thehindubusinessline.com/money-and-banking/ujjivan-bags-award-for-inclusive-insurance/article9114986.ece|title=Ujjivan won award for inclusive insurance|last=|first=|date=|website=|archive-url=|archive-date=|dead-url=|access-date=}}</ref> MD & CEO, Mr. Samit Ghosh was awarded Entrepreneur of the Year 2015 for Social Impact by Forbes India<ref>{{Cite web|url=http://www.forbesindia.com/article/leadership-awards-2015/former-banker-samit-ghoshs-epiphany/41237/1?utm=slidebox|title=Samit Ghosh is Entrepreneur of the Year Social Impact 2015 by Forbes India|last=|first=|date=|website=|archive-url=|archive-date=|dead-url=|access-date=}}</ref>


== References ==
== References ==

Revision as of 11:03, 4 December 2017

File:Ujjivan Small Finance Bank Logo.jpg
Ujjivan Small Finance Bank Limited

Ujjivan Small Finance Bank Limited

Ujjivan Small Finance Bank
IndustryBanking, Financial services
FoundedFebruary 2017
HeadquartersBangalore, Karnataka, India
Area served
India
Key people
Mr. Samit Ghosh (MD & CEO)
Number of employees
10,000
Websitehttps://www.ujjivansfb.in

Ujjivan Small Finance Bank Limited is a bank licensed under Section 22 (1) of the Banking Regulation Act, 1949 to carry out small finance bank business in India.[1] It is owned subsidiary of Ujjivan Financial Services Limited.[2] The bank has commenced its operations from February 1, 2017.[3] Ujjivan Small Finance Bank received the Scheduled Bank status by Reserve Bank of India in August 2017[4][5]

History

Ujjivan Financial Services Limited started operations as a NBFC in 2005. On October 7, 2015, Ujjivan received an in-principle approval from the RBI to set up a small finance bank.[6] Ujjivan received the final license from the Reserve Bank of India on 11 November 2016 to set up a Small Finance Bank.[7] Ujjivan is present across 24 states and union territories, and 209 districts in India, catering to over 3.7 million customers.

Products

Ujjivan SFB provides a range of products and services such as savings account, current account, fixed deposits (FD),[8] recurring deposits (RD), Micro Loans, Home Loans & Small Business Loans.[9] The bank also offers internet banking, phone banking and mobile banking facilities to customers. Ujjivan SFB ATM is biometric enabled thereby enabling customers to withdraw money through biometric authentication.[10] Customers can open their bank account in 5–7 minutes on a hand-held device through Aadhaar enabled KYC.

Awards

Ujjivan has been ranked 13th on India’s Best Companies To Work For by Great Place To Work Institute & The Economic http://www.greatplacetowork.in/best-companies/indias-best-companies-to-work-for#.[11] Ujjivan won Platinum Award for Inclusive Insurance at the SKOCH Insurance Awards 2016.[12] MD & CEO, Mr. Samit Ghosh was awarded Entrepreneur of the Year 2015 for Social Impact by Forbes India[13]

References

  1. ^ "Ujjivan Small Finance Bank launches operations". {{cite news}}: Cite has empty unknown parameter: |dead-url= (help)
  2. ^ "RBI grants "In-principle" Approval to 10 Applicants for Small Finance Banks". {{cite web}}: Cite has empty unknown parameter: |dead-url= (help)
  3. ^ "Ujjivan Financial Services launches small finance bank". {{cite news}}: Cite has empty unknown parameter: |dead-url= (help)
  4. ^ Pani, Priyanka (30 August 2017). "Ujjivan SFB receives scheduled bank status from RBI". The Hindu Business Line. The Hindu Business.
  5. ^ "We are targeting loan growth of 18-20% in FY18: Sudha Suresh, MD and CEO, Ujjivan Financial Services". The Financial Express. Financial Express. 5 September 2017.
  6. ^ "Ujjivan becomes fourth entity to receive small finance bank license". {{cite news}}: Cite has empty unknown parameter: |dead-url= (help)
  7. ^ "Ujjivan gets final RBI nod for small finance bank". {{cite news}}: Cite has empty unknown parameter: |dead-url= (help)
  8. ^ "Ujjivan Small Finance Bank launched, to offer fixed, recurring deposits at 5.5-8%". {{cite news}}: Cite has empty unknown parameter: |dead-url= (help)
  9. ^ "Focusing on MSE and housing in next 2 years: Samit Ghosh, Ujjivan Small Finance Bank". {{cite news}}: Cite has empty unknown parameter: |dead-url= (help)
  10. ^ "Ujjivan Financial Services to use biometric ATMs". {{cite news}}: Cite has empty unknown parameter: |dead-url= (help)
  11. ^ "India's best companies to work for 2017: The complete list". {{cite news}}: Cite has empty unknown parameter: |dead-url= (help)
  12. ^ "Ujjivan won award for inclusive insurance". {{cite web}}: Cite has empty unknown parameter: |dead-url= (help)
  13. ^ "Samit Ghosh is Entrepreneur of the Year Social Impact 2015 by Forbes India". {{cite web}}: Cite has empty unknown parameter: |dead-url= (help)

Ujjivan Small Finance Bank has been one of the key agents in developing the unserved and underserved section of the Indian economy, who fail to access basic banking services.