Finance & economics | Small change

Ujjivan is a rare bright spot in Indian finance

Its shares are up 50% since an IPO in December

Safety in numbers
|BANGALORE

A DOZEN WOMEN dressed in saris sit on benches at the branch of the Ujjivan Small Finance Bank on Koramangala 80 Feet Road, awaiting disbursements of tiny loans. The money is needed for school fees, to finance home businesses or, in a couple of cases, bigger ventures that will have employees and assets. One is hoping to produce pickles; another wants working capital for a welding shop.

This article appeared in the Finance & economics section of the print edition under the headline “Small change”

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