Ujjivan Small Finance Bank Limited
Baroda BNP Paribas Mutual Fund decreased its stake in Ujjivan Small Finance Bank from 1.14% to 1.13% by selling 324,490 shares.
A mass market-focused small finance bank in India that provides banking and financial services to economically active populations excluded from traditional banking channels. Originally established as a Non-Banking Financial Company in 2005, it transitioned to a small finance bank to expand its reach. The bank is committed to building financial inclusion by serving financially underserved and unserved segments across the country.
Joint venture between Bank of Baroda and BNP Paribas Asset Management, one of Europe's largest asset managers. Manages over Rs 50,000 crore. Formerly Baroda Pioneer and then Baroda BNP after the global BNP Paribas AM rebranding. Strong debt and fixed income franchise alongside growing equity offerings.