According to a study by Ujjivan Small Finance Bank, 42% of non-metro customers are interested in premium savings accounts that offer accidental insurance cover of Rs 10 lakhs, while 67% of metro customers are more interested in offers related to shopping and travel.
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Ujjivan SFB's gross non-performing asset (GNPA) stood at 2.23 per cent in Q4 FY24 and net NPA was at 0.28 per cent. The bank's GNPA ratio stood below 3 per cent and net NPA ratio below 1 per cent for two consecutive years, making it eligible to apply for a licence.
The banks gross non-performing assets ratio stood below 3% and net NPA ratio below 1% for two consecutive years, making it entitled to apply for a licence. "Next week, the process of reverse merger will be over. A call on universal banking will be taken later. We are not rushing for it," managing director Ittira Davis said.