Ujjivan Small Finance Bank Seeks Universal Banking License from RBI
2025-02-04
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Ujjivan Small Finance Bank has applied for a universal banking license with the Reserve Bank of India (RBI), aiming to expand its financial services. To qualify, the bank must meet key eligibility criteria, including listing on a recognised stock exchange, maintaining a minimum net worth of ₹1,000 crore, and fulfilling minimum capital requirements. This move is expected to enhance its banking capabilities, offering a wide range of financial products and services, including personal banking, corporate banking, and digital banking solutions, to its customers, thereby increasing its market share in the Indian banking sector.
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