by newsworm | Feb 28, 2025 | Banking, Ujjivan Small Finance Bank
Ujjivan Small Finance Bank, a small finance bank (SFB) in India, has sold its stressed loan portfolio to an asset reconstruction company (ARC) for ₹34.26 crore, as per a report by CNBCTV18. This move is seen as a strategic decision by the bank to exit its... by newsworm | Feb 28, 2025 | Banking, Ujjivan Small Finance Bank
Flovie Martins has joined Ujjivan Small Finance Bank as the new head of corporate communications. To announce her new role, Martins took to LinkedIn, sharing the news with her network. With over 20 years of experience in developing strategic communication initiatives... by newsworm | Feb 26, 2025 | Banking, DCB Bank, RBI, Suryoday Small Finance Bank, Ujjivan Small Finance Bank
The Reserve Bank of India (RBI) has recently reduced the repo rate by 0.25%, the first time in five years, which is expected to impact fixed deposit interest rates. This is significant for senior citizens who rely on bank deposits to finance their post-retirement... by newsworm | Feb 25, 2025 | Banking, City Union Bank, DCB Bank, RBI, Suryoday Small Finance Bank, Ujjivan Small Finance Bank
The Reserve Bank of India’s recent 0.25% reduction in the repo rate has led to a significant drop in fixed deposit (FD) interest rates. Six small finance banks, including Ujjivan Small Finance Bank, Suryoday Small Finance Bank, City Union Bank, Shivalik Small... by newsworm | Feb 24, 2025 | Banking, Ujjivan Small Finance Bank
Ujjivan Small Finance Bank (SFB) has announced the approval of a loan pool worth ₹364.51 Crore, consisting of ₹294.51 Crore in non-performing assets (NPAs) and ₹70 Crore in technically written-off loans. The loan pool will be transferred to an Asset Reconstruction... by newsworm | Feb 23, 2025 | Banking, RBI, Ujjivan Small Finance Bank
Ujjivan Small Finance Bank, one of India’s largest small finance banks, has announced its financial results for the first quarter of the current financial year (Q1 FY23). The bank reported a profit after tax (PAT) of Rs 301 crore, a 7% decline from the same...