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IFFCO Bazar completes 5 years; with 2K outlets, it eyes Rs 1000 cr of business

Established in April 2016, the 100 percent owned subsidiary of the fertilizer cooperative IFFCO, IFFCO Bazar has completed its five years in existence. It’s Chairman Dr U S Awasthi who is also the MD of IFFCO has congratulated the entire team of IFFCO Bazar. Talking to Indian Cooperative the IFFCO Bazar Managing Director Yogendra Kumar said, “There is no doubt that in the span of five years we have achieved a lot but we are making efforts to take the IFFCO Bazar to newer heights. We are getting a good response from the farmers and in the current financial year we have set a target to open 1000 sale points in different locations of the country”.

In Q4, we are looking at growing the business, but methodically

‘In Q4, we are looking at growing the business, but methodically’ Surabhi Mumbai | Updated on Nitin Chugh, Managing Director and CEO, Ujjivan Small Finance Bank   -  BusinessLine× ‘Credit demand has started returning as people get back to their livelihoods. Disbursement is even stronger in January. Demand is coming from across sectors’ The micro-finance sector is showing signs of improvement barring some lagging areas and customer sets. However, there is demand for credit, said Nitin Chugh, Managing Director and CEO, Ujjivan Small Finance Bank. In an interview with BusinessLine, he also spoke on the new products the bank is working on and discussed the third quarter results. Excerpts:

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