Ujjivan Small Finance Bank gets RBI license to carry banking business
Ujjivan Financial Services announced that the Reserve Bank of India has issued to the subsidiary of the Company i.e. 'Ujjivan Small Finance Bank', the Licence No. MUM 122 dated 11 November 2016 to carry on Small Finance Bank business in India subject to the terms and conditions as mentioned in its letter dated 11 November 2016.Further, Ujjivan Small Finance Bank is in the process of seeking necessary approvals, registrations and licensing from various departments of the Reserve Bank of India and other agencies prior to the commencement of the banking business. On receipt of the mandatory approvals required to start the operations as a Small Finance Bank, Ujjivan Small Finance Bank will commence its operations of a Small Finance Bank.
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