Ujjivan Small Finance Bank CEO, Ittira Davis, expects small finance banks to grow at around 25% this year. The affordable housing sector has seen the biggest growth for Ujjivan this quarter, followed by micro banking. Davis believes the growth in the housing sector is due to the housing finance companies (HFCs) seeing an increase in demand. Ujjivan is also prepared for a higher interest rate environment, with deposits growing faster than loans. Davis expects small finance banks to grow at a stable rate of 25% this year.
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