 "Ujjivan Financial Services extends rally; stock soars over 15% in two days")
Ujjivan Financial Services rallied 9% to Rs 428 in intra-day trade, extending its previous day’s 8% surge on the BSE, after Ujjivan Small Finance Bank commenced operations as a small finance bank with effect from Wednesday February 1, 2017.
“Ujjivan Financial Services Private Limited, Bengaluru was one of the 10 applicants which were issued in-principle approval for setting up a small finance bank,” the Reserve Bank of India said in a press release.
The Reserve Bank has issued a licence to the bank under Section 22 (1) of the Banking Regulation Act, 1949 to carry on the business
“Ujjivan Financial Services Private Limited, Bengaluru was one of the 10 applicants which were issued in-principle approval for setting up a small finance bank,” the Reserve Bank of India said in a press release.
The Reserve Bank has issued a licence to the bank under Section 22 (1) of the Banking Regulation Act, 1949 to carry on the business
