LITTLE MASTER

BEST SMALL FINANCE BANK UJJIVAN SMALL FINANCE BANK In 2024, microfinance lenders faced considerable challenges stemming from rising delinquencies. The situation was primarily driven by borrowers acquiring multiple loans from different institutions. Increasing financial distress among those at the bottom of the pyramid further worsened the situation for the lenders. These factors contributed to increased provisioning requirements and a deceleration in credit growth. Despite these challenges, some microfinance lenders, such as Ujjivan Small Finance Bank, have successfully navigated the storm with relative ease. Thus, for the second year in a row, the Bengaluru-headquar-tered Ujjivan Small Finance Bank has emerged as the winner in the small finance bank category in the BT-KPMG Survey of India’s Best Banks and NBFCs. Its MD & CEO Sanjeev Nautiyal attributes the bank’s success to a…