Microfinance to be half of Ujjivan's business in 5 yrs, says MD & CEO Ghosh

Samit Ghosh, MD and CEO of Ujjivan Small Finance Bank, tells Anup Roy that affordable housing, micro and small enterprises and personal loans will account for the remaining 50% of Ujjivan's loans

A well-run non-banking company has better margins than a bank, but the objective of setting up Ujjivan was to provide comprehensive financial inclusion, Ujjivan Small Finance Bank MD & CEO Samit Ghosh tells Anup Roy in an interview. Edited excerpts:

How has becoming a small finance bank helped Ujjivan? 

We can now offer a full range of products. As a microfinance institution (MFI), there were restrictions in terms of raising deposits and offering other products such as insurance, etc. Purely from a profitability perspective, a well-run non-banking company has better margins than a bank. But the objective of setting up