Ujjivan looks to hire 2000 people for small finance bank foray

Ujjivan looks to hire 2000 people for small finance bank foray

Ujjivan Financial Services is looking to hire over 2000 people in coming days for its banking services. The micro lender has 11% market share in the process of transforming as a small finance bank, which will give the lender access to low cost deposits and help bring down cost of fund. At present the company has 7800 manpower strength and it is looking to increase 2000 more people in the areas like risk management, channel management, marketing and liability. “The challenge going forward is to ensure deposits from unorganised and unbanked sector.Our existing customers (about 30 lakh) may be able to provide 40% of the liability,” managing director & chief executive said.

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