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## Ujjivan Small Finance Bank Expands its Presence in Andhra Pradesh

Ujjivan Small Finance Bank (Ujjivan SFB) has made its debut in Andhra Pradesh with the opening of its first branch on December 1 (Friday). In addition to this, the bank is set to open two more branches in Rajahmundry and Visakhapatnam. This expansion reflects the bank’s nationwide reach, with 700 branches catering to over 79 lakh customers across 26 States and Union territories.

## Diverse Range of Products and Services

The bank offers a wide range of products and services, including savings and current accounts, deposits, NR solutions, insurance, institutional banking, TASC (Trust, Association, Society and Club) accounts, and foreign exchange. Furthermore, Ujjivan SFB plans to provide affordable housing, MSME, and vehicle and gold loans, aiming to cater to the diverse financial needs of the residents in the region.

## Commitment to Financial and Digital Inclusion

During the inaugural ceremony at the Vijayawada branch, Ujjivan SFB’s MD and CEO, Ittira Davis, expressed the bank’s commitment to providing innovative banking solutions as part of its expansion strategy in the State. The goal is to foster financial and digital inclusion by offering relevant banking solutions to a diverse customer base.

## Focus on Inclusive Growth

As Chief Business Officer Carol Furtado highlighted, Andhra Pradesh presents significant growth potential, and the bank’s range of products and services are poised to serve the aspirational residents of the State. The bank’s focus remains on improving the lives of the mass market segment through purpose-led inclusive growth.

The AI legalese decoder can be a valuable tool in navigating the legal and regulatory requirements involved in Ujjivan SFB’s expansion into Andhra Pradesh. By utilizing the decoder, the bank can ensure compliance with local laws and regulations, streamline the process of setting up new branches, and mitigate any potential legal risks. Additionally, the AI legalese decoder can assist in drafting and reviewing contracts, ensuring that Ujjivan SFB’s operations in Andhra Pradesh are conducted in a legally sound manner.

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