Ujjivan SFB opens new branch in Vijayawada

Vijayawada: Ujjivan Small Finance Bank (Ujjivan SFB) on Thursday announced its expansion into Andhra Pradesh with the launch of its first branch here.

As a part of the expansion, the bank will open three branches in the region, namely Vijayawada, Rajamahendravaram and Visakhapatnam. This move marks the bank's presence in 26 States and Union Territories, with 700 branches serving over 79 lakh customers nationwide.

Ujjivan Small Finance Bank (SFB) is dedicated to promoting inclusive growth in Andhra Pradesh by providing a wide range of banking products and services. As a bank that caters to the mass market, Ujjivan SFB aims to establish a robust and diverse customer base through its branch and digital outreach to expand its customer and revenue streams. The bank offers a variety of products, including savings & current accounts and deposits. "We also offer NR solutions, insurance, institutional banking, TASC and forex. We also plan to provide affordable housing, MSME, vehicle and gold loan," a senior official said.

Speaking on the occasion, Ittira Davis, MD and CEO of Ujjivan Small Finance Bank, said, “we are delighted to announce the commencement of our operations in Andhra Pradesh. Our goal is to provide innovative banking solutions to a diverse range of customers in the region, an integral part of our expansion strategy in the state. We remain committed to fostering financial and digital inclusion by offering relevant and meaningful banking solutions that are sustainable, profitable and growth-oriented.”