KOLKATA: Ujjivan Small Finance Bank , which is chasing a plan to upgrade itself into a state-of-the-art mass market bank, has appointed Flipkart founder Sachin Bansal as its independent director.This is the second big futuristic move by Ujjivan management after it roped in HDFC Bank ’s digital banking head Nitin Chugh as its next chief executive.“We are trying to change the mindset of our leadership as we are aiming to scale-up business with use of technology to become a mass-market bank,” Ujjivan Small Finance Bank Managing Director Samit Ghosh told ET.Bansal will join the bank board on June 1. “He is an iconic leader in the e-commerce space with phenomenal technological acumen and foresight. His guidance & direction will be very valuable in achieving Ujjivan Bank’s mission of creating a state-of-the-art mass market bank,” Ghosh said.Chugh will join the bank in August and take the baton from Ghosh on December 1.Meanwhile, Ujjivan Financial Services , which is the holding firm for the bank, has reported annual net profit at Rs 198.4 crore as compared with Rs 7.3 crore in the previous fiscal. The profit growth was well supported by 46% rise in loan assets to Rs 11,049 crore and strong asset quality.Its gross non-performing assets ratio stood at 0.9% at the end of March as against 3.6% a year back, while the net NPA ratio was at 0.3% compared with 0.7%.“We are happy with our business & financial performance,” Ghosh said, adding that high cost to income ratio is an area for concern and the focus going forward would be to manage the cost. Its next focus will be on building CASA (current and savings account) deposits. Its retail deposit grew to Rs 2,736 crore which was 37% of total deposit against Rs 428 crore or 11% a year back.Ghosh said the Ujjivan would comply with the licensing norm by listing the bank within deadline while look forward to protect interest of Ujjivan shareholders. “We will meet the licensing condition and hopefully get some assurance from the Reserve Bank of India so that investors’ interest will be protected,” Ghosh said.Ujjivan Financial’s share prices rose 0.52% to Rs 340.50 Thursday.