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Ujjivan Small Finance surges on launching Women Savings Account
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Ujjivan Small Finance Bank is currently trading at Rs. 34.80, up by 0.55 points or 1.61% from its previous closing of Rs. 34.25 on the BSE.
The scrip opened at Rs. 34.60 and has touched a high and low of Rs. 35.15 and Rs. 34.35 respectively. So far 173011 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 44.50 on 07-Jan-2021 and a 52 week low of Rs. 23.00 on 24-Mar-2020.
Last one week high and low of the scrip stood at Rs. 38.35 and Rs. 33.10 respectively. The current market cap of the company is Rs. 6023.16 crore.
The promoters holding in the company stood at 83.32%, while Institutions and Non-Institutions held 9.44% and 7.23% respectively.
Ujjivan Small Finance Bank has launched Women Savings Account catering to the financial needs of women. ‘Garima Savings Account’, as the product has been named will offer multiple customised benefits to women including upto a maximum of 7% rate of interest on savings account. Through this product, Ujjivan SFB aims to serve the financially aware and economically active women of mass market and become a companion in their day to day banking needs.
Garima Savings Account offers a higher cash deposit and free unlimited withdrawal at any Ujjivan SFB branch with no additional charges for non- home branch transactions. Customers would also enjoy unlimited free NEFT and RTGS transactions through internet banking and mobile banking. The account comes with personalized Rupay Debit Card with several linked multiple benefits and personalised cheque book, specially designed for women. Some other benefits include purchase protection, one call card blocking along with offers on bill payments, entertainment and lifestyle. Ujjivan SFB has successfully built a leading mass-market bank to serve the vast unserved and under-served customer base that currently is outside the formal banking system.
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.
