New Branches Push Loan Growth At Ujjivan
The small finance bank pushed niche products such as microfinance to emerge a winner.
The small finance bank pushed niche products such as microfinance to emerge a winner.
Return on assets impressive despite higher cost of funds vis-a-vis private and public peers.
Ujjivan Financial Services' shares gained 10% to hit a 52-week high of ₹202.35 in intraday trade on the BSE on Wednesday.
The lender’s shares list at a premium of 57% over the issue price of ₹37 per share on the BSE Sensex on Thursday.
In the next seven years, Ujjivan Small Finance Bank is looking to serve 40 million customers up from 4 million at present, says CEO and MD Ghosh.
As Ujjivan founder Samit Ghosh prepares to exit office in November, the 69-year-old former Citibank executive is on the lookout for a successor.