Samit Ghosh

The differences between promoter and SFB management have resulted in senior and mid-level exits but bigger problems await Ujjivan on the asset quality front.

Exclusive Interview | It hurts when something like this happens, says Samit Ghosh, Founder Ujjivan, on minority shareholders rejecting his appointment as MD & CEO

The veteran banker says it is a lesson that they should not have taken their eyes off the ball and should have maintained relations with their investors. `At the end of the day, being a holding company, we cannot directly intervene in the bank’s operations. But definitely, I will be actively in touch with the investors,' says the Non-Executive Chairman of Ujjivan Financial Services

Target 457 branches by end-FY18: Ujjivan Small Finance Bank

Ujjivan Small Finance Bank has officially started services with five branches and a customer base of 35 lakh. our correspondent, Rukmini Rao caught up with Samit Ghosh, MD & CEO OF Ujjivan Small Finance Bank And began by asking when they plan to roll out the 400-odd branches.

Ujjivan Small Finance Bank launches operations

"With a customer base of 35 lakh people, we are now focusing on the under-served. In the last two years, we have done a lot of market research. There is a huge gap in market potential. We want to grow as a major player in retail banking in next five years," said Samit Ghosh, MD and CEO, Ujjivan Small Finance Bank, at the launch.

New loan replayment norms aren't a 2-month holiday: Ujjivan

On the RBI‘s decision to relax loan repayment for banks and NBFCs, as they will get an additional 60 days to for recognizing certain loans as substandard, Samit Ghosh said that this a positive circular in terms of provisioning but it should not be misinterpreted as a two month repayment holiday.

We face default risk if demonetisation woes prolong: Ujjivan

Speaking to CNBC-TV18 Samit Ghosh, CEO & MD of Ujjivan Financial Services, said that they have deferred repayment schedules for his customers following the demonetisation move by the government.

Ujjivan Fin to focus more on micro SME, affordable housing: CEO

Cost to income may go up over 60 percent in next two years due to investments in tech and infrastructure advances, says Samit Ghosh MD & CEO, Ujjivan Financial Services.

Rural India can thank good monsoon for its recovery: Sundaram MF

S Krishna Kumar, CIO-Equity at Sundaram Mutual Fund, in an interview to CNBC-TV18 says the tactical shift in the portfolios of many asset manager has moved towards the rural India and income level has also shown an uptrend in rural areas.

Ujjivan to open 100 new branches to meet licence norms

"According to regulatory requirement, the foreign holding in the small bank has to be less than 49 percent. IPO is the first step towards transformation to a small bank. Foreign shareholding has come down to 77 percent following a pre-IPO placement. The IPO will help reduce further to 44-45 percent," Ghosh said.

Return on equity to fall for 2 years post IPO: Ujjivan's Ghosh

Ghosh says future growth for the firm is going to come from individual lending to the micro SME sector and housing. Finally, they plan to tie up with insurance companies to provide third party insurance.

Aim to reduce foreign shareholding to 51%: Ujjivan

Samit Ghosh, the founder of the micro finance institution says that the firm is already working on a strategy to bring down the foreign holding to 74 percent as prescribed by the RBI.

IFC to invest Rs 50 cr in Ujjivan Financial Services

The International Financial Corporation (IFC) is planning to invest Rs 50 crore in Ujjivan Financial Services Ltd, a microfinance company that lends to urban and semi-urban poor, especially salaried and self-employed women.

The men who made microfinance work

Two different personalities. Two different methods. Two successful companies. Why Chandra Shekhar Ghosh of Bandhan, and Samit Ghosh of Ujjivan are beacons of hope for microfinance companies

MFI Ujjivan to raise Rs 100-cr via pvt placement by Nov

The Bangalore-based urban markets focused microfinance firm Ujjivan Financial Services today said it is planning to raise Rs 100 crore through a private placement by November.

MFIs glad if RBI is the regulator

And even though the central bank might find it quite a task to regulate the nearly 600 companies that make up the sector, CNBC-TV18's Vineetha Athrey and Gopika Gopakumar learn that MFIs on their part, are cheering the idea.