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BUZZ-India's Ujjivan Financial hits 1-1/2-mth high; unit granted "scheduled bank" status
August 30, 2017 / 5:16 AM / 4 months ago

BUZZ-India's Ujjivan Financial hits 1-1/2-mth high; unit granted "scheduled bank" status

** Micro-finance lender Ujjivan Financial Services Ltd’s shares rise as much as 6.4 pct to 346.75 rupees, their highest since July 14

** Subsidiary Ujjivan Small Finance Bank granted "scheduled bank" status by the Reserve Bank of India (RBI), one of the categories of lenders determined by the central bank (bit.ly/2wmW0iP)

** Stock on track for a fifth straight session of gains

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