Ujjivan Small Finance Bank: Full Review of Accounts, Loans, Branch Network & Growth Story

Ujjivan Small Finance Bank is a leading small finance financial institution in India that has swiftly grown on the grounds that since its inception, it specializes in economic inclusion for unserved and underserved customers across the U . S .. This article offers a complete examination of Ujjivan Small Finance Bank, along with its records, merchandise, economic overall performance, growth timeline, and destiny potential all in a clean, designated layout with important facts provided in tables and bold highlights for easy know-how.

What Is Ujjivan Small Finance Bank?

Ujjivan Small Finance Bank is a scheduled financial institution in India that started out operations on 1 February 2017 after receiving a banking license from the RBI. It became promoted by way of Ujjivan Financial Services Limited, which had been operating in microfinance due to the fact 2005. The bank’s challenge has been to offer a complete spectrum of financial services to financially excluded, beneath served, and novice customers, particularly in semi urban and rural regions.

Since its launch, Ujjivan Small Finance Bank has transitioned from a microfinance heritage right into a broader retail and mass banking group, supplying a number of deposit debts, loans, and virtual banking services.

History & Timeline – Growth of Ujjivan Small Finance Bank

2005 – 2016: Foundation & Pre-Banking Phase

• 2005: Ujjivan Financial Services Limited began as an NBFC focused on microfinance for economically active poor.
• The agency constructed patron relationships among below served segments before transitioning to a financial institution.

2017 – Banking Operations Started

• 1 February 2017: Ujjivan Small Finance Bank officially launched banking operations after receiving regulatory approval.
• Focus changed into economic inclusion and onboarding low-earnings clients into formal banking.

2019 – Successful IPO

• The financial institution’s IPO became oversubscribed one hundred seventy times, making it one of the most hit banking IPOs in recent years in India.

2020 – Expansion Phase

• Expanded network and brought new products, along with advanced digital solutions for client comfort.

2022 – Growth in Deposits & Loans

• Ujjivan Small Finance Bank recorded a robust boom in its deposits and mortgage portfolio, reinforcing its retail banking energy.

2023 – Digital Innovation

• Launched “Hello Ujjivan”, India’s first voice-visible-vernacular banking app, assisting customers transact in their local language with visible and voice assist.

2024 – Strategic Consolidation

• Ujjivan Financial Services Ltd. Became amalgamated into the bank, strengthening operational efficiencies.

2025 – Ongoing Expansion

• The financial institution boasts 777+ branches, 613 ATMs, and serves 98.8+ lakh customers across 26 states and UTs.

Products and Services Offered by means of Ujjivan Small Finance Bank

Ujjivan Small Finance Bank gives you an extensive range of economic products designed for individuals, small businesses, and rural clients:

1. Deposit Accounts

• Savings Accounts: Designed for every day banking wishes with aggressive interest quotes.
• Current Accounts: Tailored for business and merchant customers.
• Fixed & Recurring Deposits: Standard and digital alternatives with attractive interest.

2. Loan Products

• Micro Loans: For small and micro companies.
• Housing & Home Loans: For affordable domestic financing.
• Vehicle & Personal Loans: Catering to man or woman borrowing wishes.
• Business & MSME Loans: Supporting expansion of firms.

3. Digital Banking

• Internet Banking, Mobile App, and the Hello Ujjivan App with multilingual guide.

4. Other Services

• ATM access, UPI, debit/credit cards, safe deposit lockers, and more.

Financial Performance & Metrics

Here is a snapshot of latest economic performance that suggests how Ujjivan Small Finance Bank is growing:

Despite demanding situations in profitability in FY25, the financial institution continues to enhance deposits and loan increase, indicating sustainable operations in retail banking.

Branch & Customer Network

One of the bank’s biggest strengths is its wide attain throughout India:

This sturdy community allows Ujjivan Small Finance Bank to satisfy its undertaking of monetary inclusion across urban, semi-city, and rural India.

Technology & Digital Initiatives

Digital transformation has been a key part of the bank’s boom method:

• Hello Ujjivan App: A pioneering app with voice, visual, and vernacular aid, making banking handy to non-English audio systems.
• Integrated Digital Channels: Include cellular banking, net banking, and pill based totally onboarding, allowing 24×7 banking to get admission to.

This consciousness on virtual empowerment helps reduce the city-rural virtual divide in banking services.

Impact and Market Position

Ujjivan Small Finance Bank sticks out among India’s small finance banks due to the fact:

• It transitioned from an NBFC targeted on microfinance to a full-fledged small finance bank.
• Its IPO was one of the maximum subscribed banking IPOs, reflecting strong marketplace confidence.
• It continues to make bigger department presence and patron outreach unexpectedly.

The bank has additionally been adapting to regulatory changes and market conditions, expanding lending products and digital services to live competitively.

Summary Table – Ujjivan Small Finance Bank at a Glance

Main questions to ask on this – Ujjivan Small Finance Bank