Ujjivan Small Finance Bank Ltd, a wholly-owned subsidiary of Ujjivan Financial Services Ltd, commenced banking operations in Gujarat from Ahmedabad with the launch of two branches.

The bank branches, located at CTM and Nava Vadaj areas of Ahmedabad, were inaugurated by Ela Bhatt, Founder, Self-Employed Women's Association of India (SEWA) at Nava Vadaj on Thursday.

Ujjivan SFB commenced its banking operations in February 2017 with pilot branches in Bengaluru. The SFB has 73 branches spread across Gujarat, Maharashtra, New Delhi, West Bengal, Himachal Pradesh, Uttar Pradesh, Uttarakhand, Haryana, Tamil Nadu, Karnataka and Pondicherry.

In Gujarat, Ujjivan is present across 14 districts with 30 branches, catering to over 1.8 lakh micro-finance customers. In Ahmedabad, Ujjivan, an MFI, has been operating since June 2014 with three active branches. These branches cater to over 21,400 customers in Ahmedabad city. The existing microfinance customers would soon be on-boarded as bank customers.

Samit Ghosh, MD & CEO, Ujjivan Small Finance Bank Ltd, said, "Gujarat is a key strategic market for us; tomorrow, we will be opening two branches in Vadodara as well. In seven months of our launch, we have established our presence across all four regions in India. In the coming months, we will continue to increase our banking footprint across the country to serve target customer segments."

The customers of Ujjivan SFB will have unlimited access to ATM transactions on Ujjivan’s ATM network and a total of six free transactions on other bank’s ATM networks, making this one of the highest free transactions offered currently.

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