Ujjivan Small Finance Bank surges on launching mobile banking app 'Hello Ujjivan
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Ujjivan Small Finance Bank is currently trading at Rs. 29.05, up by 0.90 points or 3.20% from its previous closing of Rs. 28.15 on the BSE.
The scrip opened at Rs. 28.45 and has touched a high and low of Rs. 29.20 and Rs. 28.35 respectively. So far 239067 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 33.50 on 14-Dec-2022 and a 52 week low of Rs. 13.50 on 23-Jun-2022.
Last one week high and low of the scrip stood at Rs. 30.40 and Rs. 24.75 respectively. The current market cap of the company is Rs. 5697.38 crore.
The promoters holding in the company stood at 73.68%, while Institutions and Non-Institutions held 10.50% and 15.83% respectively.
Ujjivan Small Finance Bank has launched 'Hello Ujjivan', a mobile banking application with three Vs - voice, visual, and vernacular-enabled features - to provide banking access to individuals who have limited reading and writing skills. 'Hello Ujjivan', co-created with Navana.AI, is accessible by voice in eight languages -- Hindi, Marathi, Bengali, Tamil, Gujarati, Kannada, Odia, and Assamese.
Customers can speak to the app in their native language to perform banking transactions and access services such as paying loan EMIs, opening FD and RD accounts, transferring funds, checking account balance, and updating passbooks. The app's intuitive AI and machine learning capabilities enable it to comprehend customers' unstructured banking requests and provide the desired result.
Ujjivan Small Finance Bank (USFB) offers small finance to underserved & unserved segments in India. The bank aims to work for the financial inclusion of the country.
