Ujjivan Small Finance Bank begins Utsabe Ujjivan at it’s Tollygunge Branch, Kolkata

Kolkata, 12th October, 2022: Ujjivan Small Finance Bank Limited is one among the leading small finance banks with currently serving 69+ lakh customers through its 590 branches across 24 states and 16,000+ employees. Ujjivan serves over 5 lakh+ customers in West Bengal through it 84 branches across the states.

Ms. Alokananda Roy, Internationally Acclaimed Artist and Social Initiator, Mr Arjun Dutta, Social Initiator & Mr. Asit Baran Chowdhury , Chess Arbiter lighting a lamp on the occasion of Utsabe Ujjivan at Ujjivan Small Finance Bank’s Tollygunge Branch, Kolkata on 11th oct’ 2022.

As on September 2022, The bank has been a positive quarter with the bank having clocked a staggering 44% year-on-year growth in gross loan book assisted by micro, affordable housing and individual borrowings. The disbursement grew by 56 per cent YoY to Rs 4,867 crore in the latest quarter. The deposits rose by 45 per cent to Rs 20,396 crore driven by momentum in retail deposits which were up 71 per cent. The company’s micro group loans rose by 54 per cent, individual loans by 45 per cent, affordable housing up by 33 per cent and MSEs by 31 per cent in the latest quarter.

Ujjivan Small Finance Bank offers one of the highest interest rates of 7.5% on Fixed Deposits for 990 days and 8.25% for Senior Citizens on the same tenor. On 75 years of independence, the bank began an offering with an attractive interest rate of 7.5% for three tenures: 75 weeks (525 days), 75 months and 990 days. Additionally, we also offer Platina FD, which is a non-callable deposit offering up to 7.7% for 75 weeks (525 days) and 990 days’ tenor.

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