Ujjivan Small Finance Bank gains on launching two new tenures of fixed deposits
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Ujjivan Small Finance Bank is currently trading at Rs. 21.00, up by 0.05 points or 0.24% from its previous closing of Rs. 20.95 on the BSE.
The scrip opened at Rs. 20.65 and has touched a high and low of Rs. 21.20 and Rs. 20.65 respectively. So far 29088 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 24.85 on 18-Aug-2021 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. 21.35 and Rs. 19.55 respectively. The current market cap of the company is Rs. 3612.18 crore.
The promoters holding in the company stood at 83.32%, while Institutions and Non-Institutions held 0.83% and 15.85% respectively.
Ujjivan Small Finance Bank has launched two new tenures of retail fixed deposits -- 75 weeks (525 days) and 75 months, both carry the highest rate of 7.5 per cent per annum. The Bank has also increased the interest rates on fixed deposits by up to 1.5 percent, with effect from August 9, 2022.
It has increased the rate on fixed deposits by 30-150 basis points (or 0.3-1.50 percent) across different tenures. The additional rate for senior citizens is now revised to 0.75 percent from 0.50 percent. The new rates are applicable on deposits below Rs 2 crore.
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.
