Deal Street

April 10, 2017

IndusLaw Advises UFS On Transfer Of Existing Lending And Financing Business To Ujjivan Small Finance Bank


law

Ujjivan Financial Services Limited (UFS - one of India's leading Microfinance Institutions) has become the fifth entity to have commenced business as a small finance bank on February 1, 2017.

The setting up required transfer of the existing lending and financing business of UFS to Ujjivan Small Finance Bank (a wholly owned subsidiary of UFS).

IndusLaw advised UFS in the transfer process as well as competition law aspects.

latest News

  • Centre Insists In Supreme Court that NDTV India Tender An Apology For Violating Telecast Norms

    On March 24, the Centre insisted in the Supreme Court that NDTV India tender an apology for allegedly violating the telecast norms during the Pathanko...

    Read More
  • RBI Promotes Malvika Sinha As Executive Director

    The Reserve Bank of India (RBI) promoted Malvika Sinha as Executive Director (ED). Sinha succeeds B P Kanungo, who was appointed as the Deputy Governo...

    Read More
  • Government Directs Hospitals To Issue Detailed Bills To Patients

    The government has directed hospitals to issue detailed bills to patients, specifically and separately mentioning the cost of coronary stents.

    Read More