Ujjivan Small Finance Bank has received markets regulator Sebi's go ahead to raise Rs 1,200 crore through an initial public offer (IPO). Microfinance lender Ujjivan Financial Services is the holding company of Ujjivan Small Finance Bank.
The bank, which had filed draft papers with the regulator in August, obtained its observations on October 16, according to the Securities and Exchange Board of India (Sebi)...