Ujjivan Small Finance Bank Share price

UFSL the Promoter was granted the RBI In-Principle Approval to establish an SFB on October 7 2015. the Bank wasincorporated as ‘Ujjivan Small Finance Bank Limited’ on July 4 2016 at New Delhi as a public limited company under theCompanies Act 2013 and was granted a certificate of incorporation by the RoC on the same date. UFSL was thereaftergranted the RBI Final Approval to establish and carry on business as an SFB on November 11 2016.Subsequently UFSL transferred its business undertaking comprising of its lending and financing business to the Bankpursuant to the Business Transfer Agreement dated January 12 2017 (described in more detail below). the Bank commenced its business on February 1 2017. the Bank became a scheduled bank pursuant to a notification dated July 3 2017 issued by the RBI through which the Bank was included in the second schedule to the RBI Act.Major events and milestones of the Bank :2016- UFSL received RBI Final Approval to set up the Bank- Incorporation of the Bank2017- Commencement of the operations on February 1 2017- Transfer of business undertaking of UFSL to the Bank pursuant to the Business Transfer Agreement- Inclusion of the Bank in the second schedule of the RBI Act- Introduced bio-metric authentication facilities in the ATMs2018- First full year of banking operations with 187 banking outlets of which 25% were in URCs- Bank recorded a net profit of Rs.68.63 million2019- Launched new business lines such as loans for rural agriculture business and allied activities financial institutions group lending two-wheeler loans personal loans and overdraft facility- Crossed fthe million customer base and ended Fiscal 2019 with a unique active customer base of over 4.61 million- Total deposits grew from Rs. 37.72 billion in Fiscal 2018 to Rs. 73.79 billion in Fiscal 2019- Loan portfolio crossed Rs. 110.49 billion- Launched new digital services -bill payment UPI NACH and mobile application in five languages and the corporate internet banking facility