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Ujjivan Sees RBI Nearing Decision on Universal Bank Licence by December

Ujjivan outlines a licence-agnostic plan to fund expansion through a Rs 2,000 crore QIP over the next two years.

Ujjivan Small Finance Bank is awaiting a universal bank licence from the Reserve Bank of India.
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Ujjivan SFB Hopes to Get Nod for Universal Bank by Dec End

Overview

  • Management says the application filed in February has gone through multiple clarification rounds and is now at an advanced stage with the regulator.
  • Ujjivan plans to raise about Rs 2,000 crore via a qualified institutional placement over 18–24 months, describing the fundraise as independent of the licence outcome.
  • The roadmap targets a gross loan book of roughly Rs 1 lakh crore by FY30, a tripling of deposits, an expanded network of about 1,150 branches, and a CASA ratio near 35%.
  • The bank is shifting toward secured lending with a 65–70% mix by FY30 from 46% in June, and projects FY30 returns of 1.8–2.0% ROA and 16–18% ROE with lower credit costs.
  • As of Q1 FY26, the gross loan book stood at Rs 33,287 crore with deposits at Rs 38,619 crore and the FY25 capital adequacy ratio was 23.1%, alongside plans to scale annual IT spend toward Rs 500 crore over five years.