Ujjivan Small Finance Bank Limited Company Profile:Products,Promoters and Clients

Ujjivan Small Finance Bank Limited Company Description:

Ujjivan Small Finance Bank Limited is a mass market focused bank in India, catering to financially unserved and underserved segments and committed to building financial inclusion in the country. It started its operations as Ujjivan Financial Services Limited, a Non-Banking Financial Company in 2005 with the mission to provide financial services to the ‘economically active poor’ who were not adequately served by financial institutions.

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Q1. What are the Product and service offerings of Ujjivan Small Finance Bank Limited?

Ujjivan Small Finance Bank offers a range of financial products and services including:

• Vehicle Loans: Aimed at Tier II & Tier III markets, with simplified documentation and instant decision-making processes.
• Gold Loans: Quick processing with flexible repayment options, targeting urban and middle-class segments as well as rural areas.
• Micro-Mortgages: Enhancing the contribution of high-yielding products.
• Working Capital Loans: For MSMEs, including supply chain finance and long-term loans against property.
• Deposits: Focus on CASA (Current Account and Savings Account) and term deposits, with various new products to cater to specific customer segments like senior citizens and enterprises.

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Q2. Who are the Promoters/Management of Ujjivan Small Finance Bank Limited?

Ittira Davis serves as the Managing Director & CEO of the bank, bringing over 40 years of international banking experience across India, the Middle East, and Europe. He held key positions at Europe Arab Bank and Citibank before joining Ujjivan in 2015. 

At Ujjivan, he played a crucial role in its transformation into a Small Finance Bank and later served as COO. From July 2018 to March 2021, he led Ujjivan Financial Services Limited as MD & CEO. Mr. Davis, a graduate of the Indian Institute of Management, Ahmedabad (1976), also briefly served as an Additional Director of the bank in 2021. 

Sanjeev Nautiyal, currently the President of the Bank, will assume the role of Managing Director & Chief Executive Officer from July 01, 2024. With over three decades in banking, he has deep expertise in Retail and SME banking, Financial Inclusion, Operations, HR, International Banking, and Treasury. 

Previously, he held key roles including Deputy Managing Director at SBI overseeing Financial Inclusion & Micro Markets, and MD & CEO at SBI Life Insurance. Mr. Nautiyal also served as an Independent Director at Life Insurance Corporation and advises various organizations. He holds a Bachelor’s degree in Arts, an MBA, and is a Certified Associate of the Indian Institute of Bankers.

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Q3. Who are the Clients of Ujjivan Small Finance Bank Limited?

Ujjivan Small Finance Bank demonstrates a robust distribution in its CASA with Current Accounts comprising 35% and Savings Accounts 65%. Geographically, the company's operations are spread as follows: North region accounts for 18%, West region for 39%, South region for 27%, and East region for 15%. 

In terms of its loan book, Ujjivan Small Finance Bank has diversified segments including Wholesale at 8%, SME loans at 27%, Education loans at 12%, MFI loans at 11%, Vehicle loans at 25%, Gold loans at 13%, and Home loans at 4%. The top five states contributing significantly to the loan book are Maharashtra, Karnataka, Tamil Nadu, Gujarat, and Rajasthan.

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Written By:Khush Kothari