Latest news with #UjjivanSFB
Finextra
04-07-2025
- Business
- Finextra
Ujjivan Small Finance Bank introduces international RuPay select debit card
Ujjivan Small Finance Bank has launched its first global payment instrument, the International RuPay Select Debit Card. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. This launch is part of the bank's broader objective to offer modern, inclusive, and globally-accessible banking solutions to consumers. The card is accepted globally across ATMs, POS terminals, and online platforms in collaboration with the RuPay-Discover Network – making it ideal for frequent international travellers and customers who want to meet their banking needs online. The NPCI RuPay International Select Debit Card benefits, include two complimentary access to domestic airport lounge per quarter, one annual international lounge access, personal accident insurance and total permanent disability insurance coverage of ₹10 lakhs. Cardholders can also access quarterly complimentary golf lessons, wellness services, travel coupon from cab aggregators and an annual premium health check-up. Additional benefits such as emergency cash concierge support abroad, round-the-clock domestic concierge services, higher transaction limits, and contactless payments are also available. On the launch, Ujjivan SFB Head of Retail Liabilities - TASC & TPP, Mr. Hitendra Jha said, 'The International RuPay Select Debit Card is a crucial step towards offering customers a seamless and secure global banking experience. Ujjivan Small Finance Bank strives to offer digital-first solutions that combine convenience with the broader goals of financial inclusion. The card will help serve the digitally savvy, travel-ready, and aspirational customers and deliver value to consumers worldwide.' With this launch, Ujjivan SFB continues building a strong product suite that aligns with the changing banking needs of consumers looking for convenience, security, and premium lifestyle experiences. Key highlights of the features and benefits: Two complimentary domestic airport lounge access per quarter One complimentary international airport lounge access per year Personal accident and total permanent disability cover of ₹ 10 lakhs Complimentary rounds of golf lessons or one session per quarter One complimentary wellness service per quarter One annual complimentary premium health check-up One free travel coupon from cab aggregators once per quarter Emergency cash concierge services at international location Domestic 24/7 concierge services Other exclusive merchant offers Higher transaction limits Contactless transactions Disclaimer: The features and benefits on International RuPay Select Debit Cards are provided by NPCI and are subject to the guidelines issued from time to time by RBI and NPCI.
The Wire
12-06-2025
- Business
- The Wire
Ujjivan Small Finance Bank Limited Launches ‘Ujjivan Rewardz' for Its Resident Savings Account Holders
Bengaluru, Karnataka, India – Business Wire India Ujjivan Small Finance Bank Limited (Ujjivan SFB) today announced the launch of Ujjivan Rewardz, a multi-tier system designed to reward the customers on their various digital transactions. With this program, Ujjivan SFB aims to further deepen customer engagement and experience by offering attractive and personalized benefits. Ujjivan SFB … Continue reading "Ujjivan Small Finance Bank Limited Launches 'Ujjivan Rewardz' for Its Resident Savings Account Holders"
Hans India
30-04-2025
- Business
- Hans India
Ujjivan Small Finance Bank reports 74.7 pc net profit drop in Q4, NII down 7.4 pc
Mumbai: Ujjivan Small Finance Bank (SFB) on Wednesday reported a 74.7 per cent sharp decline in its net profit at Rs 83.4 crore for the fourth quarter (Q4) of FY25, compared to Rs 329.6 crore in the same quarter last fiscal. This decline in earnings was mainly due to increased provisioning and a slowdown in interest income, caused by changes in the bank's business mix. In the fourth quarter, Ujjivan SFB's Net Interest Income (NII) came in at Rs 864.4 crore, down 7.4 per cent from Rs 933.5 crore in the same period a year ago. However, the bank's asset quality showed improvement on a quarter-on-quarter (QoQ) basis, as per its stock exchange filing. The Gross Non-Performing Assets (GNPA) dropped to 2.18 per cent from 2.68 per cent in the previous quarter, and the Net NPA also improved to 0.49 per cent from 0.56 per cent. The bank's Provision Coverage Ratio (PCR) remained strong at 78 per cent, backed by accelerated provisioning of Rs 46 crore during the quarter. PCR is an important financial indicator for banks, reflecting their ability to cover potential losses from non-performing loans. Additionally, Ujjivan SFB saw healthy growth in its deposits. Total deposits rose by 20 per cent year-on-year (YoY), reaching Rs 37,630 crore. The bank also recorded strong growth in its CASA (Current Account Savings Account) ratio, which improved to 25.5 per cent, up 43 basis points from the previous quarter. The gross loan book increased to Rs 32,122 crore -- a 5 per cent rise from the previous quarter and an 8 per cent increase from the same period previous fiscal. One of the key highlights for the bank was the growth in its secured loan portfolio, which now constitutes 44 per cent of the total loan book, up from 30 per cent during a year-ago period. Ujjivan SFB also set a record in loan disbursements, with Rs 7,440 crore disbursed in Q4 -- a 39 per cent QoQ growth. This was driven by a strong performance in micro-banking and individual loan segments. Following the result declaration, the shares of the small finance bank was down by over 3 per cent to Rs 42.56 on the National Stock Exchange (NSE) on Wednesday.
