Ujjivan Small Finance Bank (Ujjivan SFB) announces its forays into Andhra Pradesh with the launch of its first branch in Vijayawada. As a part of its expansion plans the bank will open two more branches in the state at Rajahmundry and Vishakapatnam. This move marks the bank’s presence in 26 states and Union territories, with around 700 branches and over 79 lakh customers across the nation.
Ujjivan SFB will provide a wide range of banking products and services to expand its customer and revenue streams. The bank plans to offer a variety of services including savings and current accounts, and deposits. It also offer non-resident solutions, insurance, institutional banking, TASC and forex. It also plans to provide affordable housing loan, MSME loans, vehicle loan and gold loan.
According bank officials the bank aims to offer term deposits at attractive interest rates through its extensive branch and digital networks.
