Ujjivan Small Finance Bank Limited
Union Mutual Fund decreased its stake in Ujjivan Small Finance Bank Limited from 1.98% to 1.67%, selling 58,44,820 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 Union Bank of India and Da-Ichi Life Insurance of Japan. Manages over Rs 30,000 crore. A smaller AMC with steady growth driven by Union Bank's branch network. Known for equity and hybrid fund offerings targeting conservative retail savers aligned with Union Bank's customer base.