Ujjivan Small Finance Bank Launches Overdraft Facility For MSEs

Ujjivan Small Finance Bank, a wholly-owned subsidiary of Ujjivan Financial Services Ltd, has launched an overdraft (OD) facility for micro and small enterprise (MSE) customers across its branches nationally. 
The facility is an add-on product to the existing MSE term loans offered by the bank. The OD facility is offered to all MSEs with a turnover of Rs 50 lakh or more, at a competitive rate of interest. This interest rate is for one year, with a credit limit between a minimum of Rs 11 lakh to a maximum of Rs 50 lakh, which can be renewed annually.



Source- The Hindu Business Line

Static/Current Takeaways Important for Indian Bank PO Exam 2018- 

  • Samit Ghosh is the Managing Director & CEO of Ujjivan Small Finance Bank Ltd. 
  • It Headquarters in Bengaluru, Karnataka.