Ujjivan Small Finance

Ujjivan Financial Services Limited started operations as an NBFC in 2005 with the mission of providing a full range of financial services to the economically active poor who are not adequately served by financial institutions.On October 7, 2015, Ujjivan received an in-principle approval from the RBI to set up a Small Finance Bank and floated its wholly owned subsidiary 'Ujjivan Small Finance Bank Limited'. The Company transferred its business to Ujjivan Small Finance Bank which subsequent to the RBI licence commenced its banking operations from February 01, 2017. Ujjivan Small Finance Bank Ltd. is also included in the Second Schedule to the Reserve Bank of India Act, 1934.Subsequent to the transfer of business, as mandated by the RBI, Ujjivan Financial Services Limited got itself registered as a Core Investment Company (NBFC-NDSI-CIC). Its main objects are to carry on the business of making investments in group company(ies) in the form of securities and providing guarantees etc. and to carry on financial activities, whether in India or outside, in the nature of investment in bank deposits, money market instruments (including money market mutual funds and liquid mutual funds), government securities, and to carry on such other activities as may be permitted and prescribed by the relevant statutory authorities for core investment companies from time to time.As a part of its on-going CSR initiatives, Ujjivan is partnered with Parinaam Foundation which undertakes the community development programs, educational programs and financial literacy programs across many places in India.