Ujjivan Small Finance Bank is an Indian small finance bank headquartered in Bangalore, which began operations on February 1, 2017[1][3]. Here are some key points about the bank: ## Overview - Establishment: Ujjivan Small Finance Bank was established after Ujjivan Financial Services received an in-principle approval from the Reserve Bank of India in October 2015[1]. - Operations: The bank started its operations in February 2017 and received Scheduled Bank status in August 2017[1]. - Parent Company: Ujjivan Financial Services holds an 80% stake in the bank[1]. ## Services and Products - Financial Products: Ujjivan SFB offers a range of financial products including savings accounts, current accounts, fixed deposits, vehicle loans, micro loans, and housing loans[1]. - Digital Banking: The bank provides internet banking, phone banking, and mobile banking services, with a focus on digital inclusion[3][4]. ## Financial Performance - Growth: As of the latest reports, Ujjivan SFB has a gross loan book of 29,780 crores and total deposits of 31,462 crores, both showing significant year-over-year growth[4]. - Profitability: The bank reported a net interest income of 3,409 crores and a net profit after tax of 1,281 crores in FY 2023-24[4]. ## Social Impact - Inclusive Banking: Ujjivan SFB is committed to serving the unserved and underserved segments of society through financial and digital inclusion[3][5]. - Community Initiatives: The bank has been involved in various community development and financial literacy initiatives, including support for healthcare institutions during the pandemic[5]. ## Market Presence - Customer Base: Ujjivan SFB has over 86 lakh customers and operates across 326 districts in 26 states and union territories[4]. - Digital Transactions: The bank has a high share of digital transactions, with 88.54% of total transactions being digital[4].