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Ujjivan Small Finance Bank aims to secure a universal banking license by March 2025. The bank is focusing on building a diverse business mix and strengthening its secured loan portfolio. Efforts include expanding product lines and improving digital and IT infrastructure to address RBI requirements.
Amid concerns over overleveraging of microfinance borrowers at the industry level, Ujjivan Small Finance has started chasing the next aspiration—a universal banking licence. For the first time ever, the bank has said in no uncertain terms that it would apply for the licence no later than March 2025. In his first ever media interaction after taking the driver’s seat, managing director Sanjeev Nautiyal discussed
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