At Ujjivan Small Finance Bank, corporate governance values are integral to its mission of promoting financial inclusion and serving underserved segments of society. The bank places a strong emphasis on diversity, transparency, and accountability within its governance framework. Diversity is not merely a goal but a guiding principle that enriches the Board of Directors and management team with a wide range of perspectives, experiences, and ideas. 

Board Composition & Diversity

Board Committees

The Board is supported by all mandatory committees as per the Companies Act, 2013, Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations) and Reserve Bank of India guidelines. These include the Audit Committee, Risk Management Committee, Nomination and Remuneration Committee, Customer Service Committee, Stakeholders Relationship Committee, CSR & Sustainability Committee, Fraud Monitoring Committee, IT Strategy Committee, Business Strategy Committee, Review Committee of Wilful Defaulters, and the Committee of Directors (renamed as the Credit Committee of the Board with effect from April 1, 2025). 

To further enhance governance, the Bank has appointed an Independent Chairperson for all these committees, reinforcing their independence and ensuring they function free from conflicts of interest. This practice enhances transparency, accountability and integrity of the Bank's governance framework.

Click Here

Ethics & Compliance

Ujjivan Small Finance Bank, ethics and compliance form the cornerstone of responsible banking. The Bank has established a comprehensive ethics and compliance framework that permeates every level of the organization from field staff to senior management, ensuring integrity, accountability, and transparency in all operations.

The Bank maintains a zero-tolerance policy towards regulatory breaches and has embedded a robust compliance and corporate governance structure across its operations. At the heart of Ujjivan SFB’s ethical framework lies its Code of Conduct, which sets clear expectations for employees, officers, and Directors. It guides them to uphold the highest standards of professionalism, governance, legal compliance, and ethical behaviour in every aspect of their work.

The Bank also places strong emphasis on risk-based compliance. Periodic compliance risk assessments are conducted across all business, support, and control functions. These are supported by a rigorous monitoring and testing framework, which ensures that compliance remains effective and up to date.

Through its ethics and compliance system, Ujjivan Small Finance Bank aims to build and maintain trust with all stakeholders including customers, regulators, employees, and shareholders. By fostering a culture of integrity and accountability, the Bank not only ensures regulatory compliance but also drives long-term sustainable growth.