New
August 1, 2023
By
Pranjal

Ujjivan Small Finance Bank share hits 52-week high after this RBI action. Do you know?

Ujjivan Small Finance Bank shares were in an uptrend because of early morning offers. Ujjivan Small Finance Bank percentage charge nowadays opened with an upside hole and went on to hit an intraday high of ₹36.75 apiece on NSE, which is its new fifty-two-week excessive as well. While ascending to its new 52-week high, Ujjivan Small Finance Bank shares logged an intraday benefit of over 7.50 in line with the cent.

Ujjivan Small Finance Bank stocks shot up nowadays after the small finance bank informed Indian bourses that the Reserve Bank of India ((RBI) has withdrawn the nominee director from SFB's board. The small finance financial institution informed us about the RBI's circulate bringing up, " This has reference to our letter reference range USFB/CS/SE/2021-22/seventy-two dated November 29, 2021, wherein we had intimated that the Reserve Bank of India (RBI) vide its letter dated November 29, 2021, had appointed Mr. P.N. Raghunath, then General Manager, RBI, Bengaluru, Regional Office as an Additional Director on the Board of the Bank for a period of two (Two) years with effect from November 29, 2021, to November 28, 2023, or until further orders, whichever is in advance," adding, " In this connection, please be informed that the RBI vide its letter dated today, May 29, 2023, has counselled that Mr. P.N. Raghunath shall stop to be Additional Director at the Board of the Bank with immediate impact i.E. Effective from today May 29, 2023."

Ujjivan Small Finance Bank proportion price records

After ushering in new yr new economic year 2023-24, Ujjivan Small Finance Bank shares have been on an uptrend. In the final month, Ujjivan Small Finance Bank's proportion fee surged from around ₹28 to ₹36. Seventy-five apiece levels, turning in around 30 in step with cent return to its shareholders. In YTD time, this small finance bank share has introduced a 25 consistent cent return to its shareholders.

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