Ujjivan Small Finance Bank Ltd launches its branch in Guwahati
Guwahati, Nov 23 (IBNS): Ujjivan Small Finance Bank Limited, a wholly owned subsidiary of Ujjivan Financial Services Ltd, on Thursday started its banking operations in Guwahati with the launch of a branch.
The new branch was inaugurated at Lachit Nagar area in the capital city of Assam.
It is the second live branch of Ujjivan Small Finance Bank (USFB) in Assam.
During a press conference held in Guwahati, MD and CEO of USFB Ltd Samit Ghosh said that, USFB started its banking operations in February last year with pilot branches in Bangalore.
“Currently we 17 branches in eight districts of Assam catering to over 1.5 lakh customers and 12 branches will be converted to USFB this year and rest to be converted next year. There are a total of 26 branches in North East region covering three states Assam, Meghalaya and Tripura. We are looking to extend our business to other NE states,” Samit Ghosh said.
“In nine months of our bank launch, we have established our presence across all four regions with 110 bank branches covering 19 states and union territories. We will continue to increase our banking footprint across the country to serve the target customer segments,” Samit Ghosh said.
On the other hand, Chief Operating Officer of USFB Ltd Ittira Davis said that, USFB is oofering savings bank account with no charges for minimum balance.
“We are providing a whole host of benefits such as doorstep banking, mobile, internet and phone banking, access to biometric ATMs and Aadhar enabled debit cards. Aadhar enabled KYC facilities paperless account opening in approximately 5-7 minutes using biometric authentication on a hand-held device. The device can also be used for cash deposits, withdrawals and fund transfers at the customer’s doorstep. The customers of USFB will have unlimited access to ATM transactions on Ujjivan’s ATM network and a total of six free transactions on other bank’s ATM network,” Davis said.
On the other hand, USFB also launched a educational film on financial literacy titled Paison Ki ABCD inpartnership with Parinaam Foundation.
(Reporting by Hemanta Kumar Nath)
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