Ujjivan signs MoU with Manipal Global Education Services for talent transformation for upcoming Small Finance Bank
20 July 2016, Bangalore: Ujjivan, one of India’s largest MFI and with an in-principle approval from RBI to setup up a small finance bank ("SFB"), has signed a Memorandum of Understanding (MoU) with Manipal Global Education Services (MaGE) to offer a customised Banking Training Program for participants at their Banking Training Campus in Bangalore and Jaipur.
MaGE’s Banking Training Program is a customised residential training program. It is designed to skill learners
The aim of the Banking Training Program is to
Speaking on this occasion, Mr.Samit Ghosh, Managing Director Ujjivan said, "Through this specialized programme the approach would be, learn and acquire the knowledge of a banker, within the rules and regulation of Micro Financing so that we effectively do the responsibility and bring financial inclusion”
Mr. S Vaitheeswaran, MD
Ujjivan started operations as an NBFC in 2005 with the mission of providing a full range of financial services to the economically active poor who are not adequately served by financial institutions. Presently, our operations
On October 7, 2015, Ujjivan received an in-principle approval from the RBI to set up a small finance bank ("SFB"). (Source: RBI Press Release)
Ujjivan's business is primarily based on the joint liability group lending model for providing collateral free, small ticket-size loans to economically active poor women. We also offer individual loans to Micro & Small Enterprises ("MSEs"). Ujjivan has adopted an integrated approach to lending, which combines a high customer touch-point typical of microfinance, with the technology infrastructure and related back-end support functions similar to that of a retail bank. This integrated approach has enabled it to manage increasing business volumes and optimize overall efficiencies.
For the past five consecutive years, Ujjivan has been ranked consistently among the top 25 companies to work for in India by the Great Places to Work® Institute in partnership with the Economic Times. For the year 2015, we were ranked 1st in the microfinance sector by the Great Places to Work® Institute. Our employee productivity ratio (number of clients per loan officer), which was 633 as of September 30, 2015, is higher than the industry average of 579 as of September 30, 2015. (Source: MFIN Micrometer Report, September 2015).
Further details: http://www.ujjivan.com/