RBI Red Flags Ujjivan Small Finance Bank’s Processes & Systems

Ujjivan Small Finance Bank (USFB), the subsidiary of listed holding company Ujjivan Financial Services Ltd, is going public. While going through the draft prospectus, we came across some interesting points. Under risk factors, USFB admits that during the recent inspection conducted between January and February 2019, the Reserve Bank of India (RBI) has made certain observations which include:

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