RBI returns Ujjivan SFB's application to transition into universal bank
However, there is scope for filing the application for the universal bank again.
The Reserve Bank of India (RBI) has returned Ujjivan Small Finance Bank's application to transition into a universal bank.
The application was returned as the central bank thought the bank's loan portfolio wasn't adequately diversified, said Ujjivan Small Finance Bank in a stock exchange filing.
However, there is scope for filing the application for the universal bank again.
"Therefore, RBI have returned the above-mentioned application and advised the bank to consider applying again after demonstrating a diversified loan portfolio," it said.
Ujjivan Small Finance Bank's gross loan book jumped 21.6% year-on-year to Rs 37,055 crore as of December 31, 2025, compared with Rs 30,466 crore as of December 31, 2024. Sequentially, the loan book grew 7.1% from Rs 34,588 crore. Housing loans, including micro mortgages, rose 49.6% year-on-year to Rs 9,560 crore, while MSME advances grew 69% to Rs 2,863 crore.
In October last year, the RBI had returned Jana Small Finance Bank's application to transition into a universal Bank.