Ujjivan SFB receives scheduled bank status from RBI

Ujjivan Small Finance Bank Ltd is a wholly-owned subsidiary of Ujjivan Financial Services Ltd, has been included in the second scheduled to the RBI Act 1934 on 30th Aug 2017. This grants the ‘Scheduled Bank’ status to Ujjivan Small Finance Bank’ from the date of notification. With this Ujjivan Small Finance Bank can issue certificate of deposits. Ujjivan SFB commenced its operations as a Small Finance Bank with effect from February 1, 2017. Currently, Ujjivan SFB has 65 full-fledged brick and mortar branches in eight states and two Union Territories.