Page 25 - Demo

CORPORATE OVERVIEW
awards and recognition
during the year under review, our Bank was bestowed with numerous awards in various fields as mentioned below:
• Ranked 3rd in ‘India’s Best Companies
to Work for 2020’ By great Places to Work institute. the Bank has also been honoured as one of ‘The Laureates’ - organisations that have ranked for 10 years or more in the top 100. the Bank was adjudged the Best in Small Finance Bank category and the Best in more than 10,000 employees category
• Ranked 5th among ‘Asia’s Best Companies to Work For 2020’ By great Places
to Work institute
• iBaBankingtechnologyinnovation award for 'the Best it Risk management and Cyber security Initiative’
• ideX Legal awards, 2019 for the ‘Best in-house Legal Team’ under medium-large category
• Won the 'Best Microfinance Bank' award from asia money Best Bank awards 2020
• ‘ERM Strategy of the year’ for developing a framework for implementing eRm
using RaRoc approach at eRm World Summit awards 2019
• Finnoviti awards, 2019 for ‘Best innovation in IT’
• Best hR practice in Finance Sector award at Banking, Financial Services and insurance awards in 2019
diLUtion oF pRomoteR hoLdinG
As per the regulatory requirement, we have to bring down our Promoter shareholding to 40% by January 31, 2022. Hence, we are evaluating various options to meet this requirement within the regulatory timelines prescribed by the RBI.
GoinG FoRWaRd
We remain committed to providing financial services to the unserved and underserved population and being among the frontrunners of India’s digital banking. We have the expertise and the leadership to make it possible.
We are developing new and relevant products tailored to specific needs of customers. Concurrently, we are maintaining one of the best portfolio quality and capital adequacy in the banking sector; with consistent focus on rationalising our cost structure
and conserving capital to fund our growth ambition.
On behalf of the Board, I would like to thank all our stakeholders who have been and are a part of the incredible journey of ujjivan Small Finance Bank. I would also want
to place on record our sincere appreciation for our regulators and stock exchanges for their continued guidance and support.
Your support and trust inspire us to create many more milestones in the coming years.
Warm regards,
Biswamohan mahapatra
Chairman
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