Ujjivan begins operations as small finance bank; opens five pilot branches in Bengaluru

Ujjivan begins operations as small finance bank; opens five pilot branches in Bengaluru Ujjivan Financial Services on Monday commenced (शुरू किया) operations as a small finance bank (SFB) with launch of five pilot (प्रारंभिक) branches of in Bengaluru. These five branches, Ujjivan SFB said, will provide full service offerings. “In the next one month, the bank will comprehensively (व्यापक) test its

technology, channels, people and processes as part of its rollout,” the bank said in a statement. The SFB added that it plans to extend (विस्तार) these services across 457 branches in 24 states in a phased manner over the next few months.

Samit Ghosh, MD and CEO, Ujjivan Small Finance Bank, said, “Ujjivan SFB would offer a no-minimum balance savings bank account with the full range of banking services and benefits(लाभ)  using the latest technology to unserved and under-served customers.