Ujjivan Small Finance Bank applies for universal banking licence with RBI

Ujjivan Small Finance Bank, on February 4, 2025, said it has applied to the Reserve Bank of India (RBI) for a Universal Banking licence, aiming to expand its business portfolio.

For a bank to be eligible for this transition, it must satisfy RBI’s criteria, including listing on a recognised stock exchange, maintaining a net worth of at least Rs 1,000 crore, and meeting minimum capital adequacy requirements.

Furthermore, the bank needs to demonstrate profitability over the last two financial years while keeping its gross and net non-performing asset (GNPA, NNPA) ratios within specified limits.

"We have adhered to the RBI's guidelines for this significant transition from a Small Finance Bank to a Universal Bank. The granting of this licence would empower us to provide a wider array of financial solutions, thus serving a larger segment of Indian society,” said Sanjeev Nautiyal, MD and CEO of Ujjivan Small Finance Bank.