Amazon Great Indian Festival 2020 - Electronics
Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Amazon Great Indian Festival 2020 - Electronics
Stock Report

| More

Ujjivan Small Finance Bank makes a foray into Small Commercial Vehicle Finance

Posted On: 2020-09-25 09:42:12


To meet the diverse requirement of its Tier II and III customers, Ujjivan Small Finance Bank with a long term vision to build a better life for its people and communities announced the launch of Small Commercial Vehicle Finance. As part of the Raftaar Loans product mix, the customized offerings will be available across southern & eastern regions: Karnataka, Tamil Nadu, and West-Bengal, and overtime based on the demand extend to other branches and locations. The Bank has a pan- India presence with 575 branches and 475 ATMs across 244 districts, 24 states and Union Territories.

Mr. Nitin Chugh, MD& CEO, Ujjivan Small Finance Bank, said: "Our commitment towards our people and the investment in digital-first strategies has helped the Bank to remain resilient. We remain cognizant of our customers' needs and based on the demand, we decided to foray into Small Commercial Vehicle funding segment. This reinforces our portfolio and serves as an alternate mode of income generation for our aspiring mass-market customers. Going forward, we hope to see more traction in rural and semi urban areas, and as we gear up for the future, our teams are making all the necessary efforts to support and build a deeper connect."

The product mix for Raftaar Loans also include two-wheeler and E-3-wheeler (E-3W) loans. For seamless commercial vehicle finance options, the Bank has associated with major Original Equipment Manufacturers (OEM)like Mahindra & Mahindra Ltd, TATA Motors, Ashok Leyland and others. In the past, this segment has catered to 74% self-employed people and 57% women customers. Gradually the OEMs plan to reach out to Tier IV and unbanked community, as well.

Ujjivan Small Finance Bank has designed the Small Commercial Vehicle financing, after seeking an understanding of the complexities the mass market customers' experience. Under the Raftaar Loans initiative, customers can meet their dreams with speed, ease and minimal documentation.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com

Amazon Great Indian Festival 2020 - Mobiles





Other Headlines:

Rossari Biotech announces Q2 & H1 FY21 results

Tata Metaliks Ltd restarts operations of furnace from today

Rossari Biotech Limited appoints Mr. Manikantan Viswanathan as Group CFO

Rossari Biotech Limited to commission greenfield facility at Dahej by March 2021

Muthoot Finance Ltd board to consider Q2FY21 results on Nov 3, 2020

Subex Ltd allots 56,20,02,935 equity shares pursuant to capital reduction

Edelweiss Financial Services Limited board to approve Q2 results on Oct 30, 2020

Vedanta Limited board approves first interim dividend of Rs. 9.50

Calcom Vision Ltd posts Q2FY21 PAT of Rs. 0.33 crore

Rossari Botech Ltd Q2FY21 consolidated net profit higher at Rs. 20.69 crore

Vardhman Textiles Ltd reports Rs. 60.22 crore consolidated PAT in Q2FY21

ICICI Bank gets approval for closing down operations in Sri Lanka

Aditya Vision Limited opens 51st showroom at Manpur, Gaya, Bihar

Ashoka Kandi Ramsanpalle Road Pvt Ltd receives financial closure letter from NHAI

Jasch Industries Ltd Q2FY21 PAT at Rs. 1.83 crore

The Anup Engineering Ltd board to announce Q2FY21 results on Oct 31, 2020

ZF Steering Gear India Ltd Q2FY21 loss at Rs. 0.97 crore

Polycab India Ltd Q2FY21 consolidated PAT rises to Rs. 220.54 crore

KSB Limited to invest in solar power plant SPV

Redington Gulf omcreases stake in Citrus to 100%

Ultramarine & Pigments Ltd board to announce Q2FY21 results on Nov 10, 2020

Mr. Raghav Bahl, promoter of Quint Digital Media Limited decides against converting bulk of the warrants

ITC Ltd board to consider Q2, H1 results on Nov 6, 2020

Persistent Systems Limited appoints Mr. Sandeep Kalra as CEO

Persistent Systems Ltd Q2FY21 consolidated net profit climbs to Rs. 101.98 crore

DXC Technology India Pvt Ltd announces Rs. 56.50 as indicative price for delisting offer of Xchanging Solutions Limited

Huhtamaki PPL Ltd Q3CY20 net profit at Rs. 36.88 crore

LIC Raises Stake to 5.27% in IRB Infrastructure Developers Ltd.

Nestle India Ltd appoints Mr. Matthias C Lohner as Executive Director - Technical

Bank of Baroda approves issue of Basel III compliant AT-1 bonds for Rs. 2755 crore

Punjab & Sind Bank declares IFIN NPA account as fraud

Asian Granito India Ltd Board approves sub-division of equity shares

Supreme Petrochem Ltd Board declares Interim Dividend of Rs. 2.50

Nestle India Ltd board declares interim dividend of Rs. 135

National Plastic Technologies Ltd Q2 PAT at Rs. 0.47 crore

Sudarshan Chemical Industries Ltd Q2FY21 consolidated net profit at Rs. 30.33 crore

Supreme Petrochem Ltd Q2FY21 PAT jumps to Rs. 86.15 crore

Nestle India Ltd posts Q3CY20 net profit of Rs. 587.09 crore

Zenith Steel Pipes & Industries Ltd issues equity shares at Rs. 10

Vippy Spinpro Ltd posts net profit of Rs. 0.75 crore in Q2FY21

Tech Mahindra Ltd arm to acquire Momenton

ICICI Lombard General Insurance Company Limited reports Q2FY21 earnings

Genus Power Infrastructures Ltd Q2FY21 consolidated net profit at Rs. 0.89 crore

Bhageria Industries Ltd Q2FY21 consolidated PAT at Rs. 16.15 crore

WABCO India Ltd posts Rs. 35.10 crore PAT in Q2FY21

Benares Hotels Ltd Q2 loss at Rs. 3.02 crore

Tech Mahindra Ltd Board declares special dividend of Rs. 15

Duncan Engineering Ltd reports net profit of Rs. 1.64 crore in Q2

Control Print Ltd Q2 consolidated PAT rises to Rs. 7.42 crore

Tech Mahindra Ltd arm to acquire Tenzing Group







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019