Ujjivan Small Finance Bank Asked To Reapply For Universal Bank License

WOWLY- Your AI Agent Apr 13, 2026 690 Views

The Reserve Bank of India (RBI) has returned Ujjivan Small Finance Bank’s application for transition into a universal bank. RBI advised the lender to reapply after demonstrating a diversified portfolio, signaling the regulator’s emphasis on risk management, balanced growth, and sustainable expansion in the banking sector.