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Ujjivan Small Finance Bank commences operations in Chennai

Chennai, 2019:Ujjivan Small Finance Bank Limited, a wholly owned subsidiary of Ujjivan Financial Services Ltd. commences operations in Chennai with four new branches in Tambaram, Mogappair, Velachery and Porur.

Ujjivan Small Finance Bank (www.ujjivansfb.in)began its operations in February 2017and is currently operational across24States and Union Territories with 470+branches live. Ujjivan is present across 23districts in Tamil Naduwith 68SFB branches, catering to over 6.7 lakh customers.

Speaking on the launch, Mr. Samit Ghosh, MD & CEO, Ujjivan Small Finance Bank Ltd.said, “After serving our customers as a microfinance entity for over a decade, I am now pleased to announce the launch of four new branches in Chennai. Tamil Nadu is the largest market for us with the largest customer base. It is a key strategic market for us where we are offering a bouquet of products & services to customers ranging from savings account, current account, deposits, home loans, small business loans and much more. In the coming months, we will continue to increase our banking footprint across the country to serve the unserved and under-served customers.”

Commenting on the inauguration, Mr. Sanjay Kao, Chief Business Officer, Ujjivan Small Finance Bank Ltd. said, “We are determined to make banking more seamless and accessible for our customers. Ujjivan SFB is offering a premier savings account with a wide-range offeatures andbenefits. The savings account is packed witha host of benefits such as internet banking, mobile banking, phone banking, SMS and missed call banking. These facilities are available at no charges on non-maintenance of minimum balance.The products have been designed and developed based on comprehensive research and to fulfill the financial inclusion objectives amongst the segments we aim to serve.’’

Customers get access to unlimited transactions on Ujjivan’s ATM network and a total of six free transactions on other bank’s ATM networks, making this one of the highest free transactions offered by any bank, currently.

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