Ujjivan Small Finance Bank

Last updated

Ujjivan Small Finance Bank
Company type Small finance bank
BSE:  542904
NSE:  UJJIVANSFB
Industry Banking, Financial services
Founded1 February 2017
Headquarters Bengaluru, Karnataka, India
Number of locations
766 branches and 613 ATMs [1]
Area served
India
Key people
  • Sanjeev Nautiyal
    (MD & CEO) [2]
Total assets ₹49,613.93 crores [3]  (2025)
Total equity ₹6,323.20 crores [4]  (2025)
Number of employees
26,484 [5]
Website www.ujjivansfb.bank.in

Ujjivan Small Finance Bank Limited is an Indian small finance bank based in Bengaluru, which commenced operations on 1 February 2017. [6] [7]

Contents

The bank focuses on providing retail and inclusive banking services, particularly to underserved and unbanked segments. Its offerings span savings and deposit products, loans, and other financial services aimed at low- and middle-income customers across urban and rural markets. [8]

As of 30 September 2025, the bank has 766 branches across 26 states and union territories in India. [9]

History

Ujjivan Financial Services was founded in 2005 by Samit Ghosh as a non-banking financial company (NBFC). [10] On 7 October 2015, Ujjivan Financial Services received an in-principle approval from the Reserve Bank of India (RBI) to set up a small finance bank (SFB). [11] [12] At that time, the company had over 2.6 million customers and 464 branches in 24 states. [13]

Ujjivan received its final banking license from the RBI on 11 November 2016, and Ujjivan Small Finance Bank commenced operations in February 2017. [14] [15] In April 2017, the bank stated that it intended to convert all NBFC branches to SFB branches by the 2020 financial year. [16] It received the Scheduled Bank status from the RBI in August 2017. [17] [18]

In October 2019, Ujjivan Small Finance Bank received approval from the Securities and Exchange Board of India to raise ₹1,200 crores (US$162 million) in an initial public offering (IPO). [19] [20] The IPO opened on 2 December 2019 and the shares were listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) on 12 December 2019. [21] [22]

In 2022, the board of Ujjivan Financial Services approved the reverse merger of itself into Ujjivan Small Finance Bank. [23] [24]

In 2024, Ujjivan Small Finance Bank received an Authorised Dealer Category 1(AD–I) Licence from the RBI, enabling it to provide foreign exchange services. [25]

In 2025, Ujjivan Small Finance Bank applied to the RBI for a universal banking licence. [26]

See also

References

  1. ↑ "Ujjivan SFB Q2 FY26 Investor Presentation" (PDF). Retrieved 8 December 2025.
  2. ↑ "Ujjivan Small Finance Bank appoints Sanjeev Nautiyal as next MD and CEO". Moneycontrol. Retrieved 12 May 2024.
  3. ↑ "Ujjivan Small Finance Bank Balance Sheet Interim" . Retrieved 20 November 2025.
  4. ↑ "Ujjivan Small Finance Bank Balance Sheet Interim" . Retrieved 20 November 2025.
  5. ↑ "Ujjivan Small Finance Bank Annual Report FY 2024-25" . Retrieved 20 November 2025.
  6. ↑ Govind, Deepti (7 February 2017). "Ujjivan Financial Services launches small finance bank". Livemint.
  7. ↑ "Ujjivan Small Finance Bank launches operations". The Economic Times. 6 February 2017.
  8. ↑ "MSN". www.msn.com. Retrieved 6 January 2026.
  9. ↑ "Ujjivan || Home". www.ujjivansfb.bank.in. Retrieved 20 November 2025.
  10. ↑ "The Men Who Made Microfinance Work". www.forbesindia.com. Retrieved 27 November 2025.
  11. ↑ "Ujjivan becomes fourth entity to receive small finance bank license". Livemint. 14 November 2016.
  12. ↑ "RBI grants "In-principle" Approval to 10 Applicants for Small Finance Banks". rbi.org. 16 September 2015.
  13. ↑ "Ujjivan Financial Services Ltd". Fortune India. Retrieved 27 November 2025.
  14. ↑ Gupta, Arbind (2 February 2024). "How Ujjivan serves the masses". Business India. Retrieved 27 November 2025.
  15. ↑ "Ujjivan Small Finance Bank gets RBI final nod for small finance bank". The Economic Times. 14 November 2016. ISSN   0013-0389 . Retrieved 27 November 2025.
  16. ↑ "Ujjivan SFB to convert all NBFC branches by FY20, enters Delhi". The Economic Times. 24 April 2017. ISSN   0013-0389 . Retrieved 27 November 2025.
  17. ↑ Pani, Priyanka (30 August 2017). "Ujjivan SFB receives scheduled bank status from RBI". The Hindu Business Line.
  18. ↑ "We are targeting loan growth of 18-20% in FY18: Sudha Suresh, MD and CEO, Ujjivan Financial Services". The Financial Express. Financial Express. 5 September 2017.
  19. ↑ "Ujjivan Small Finance Bank files draft papers for Rs 1,200 crore IPO - CNBC TV18". CNBCTV18. 19 August 2019. Retrieved 27 November 2025.
  20. ↑ Times of India. "Ujjivan Small Finance Bank gets Sebi's go-ahead for Rs 1,200-cr IPO". Times of India. Retrieved 8 December 2025.
  21. ↑ "Ujjivan Small Finance Bank IPO completed, to be listed in stock exchanges today". The Indian Express. 12 December 2019. Retrieved 27 November 2025.
  22. ↑ The Hindu (4 December 2019). "Ujjivan IPO subscribed 166 times". The Hindu. ISSN   0971-751X . Retrieved 27 November 2025.
  23. ↑ Ray, Atmadip (14 October 2022). "Ujjivan Financial board approves merger with Ujjivan SFB". The Economic Times. ISSN   0013-0389 . Retrieved 27 November 2025.
  24. ↑ www.ETBFSI.com. "Ujjivan Small Finance Bank receives RBI approval for foreign exchange services". ETBFSI.com. Retrieved 27 November 2025.
  25. ↑ www.ETBFSI.com. "Ujjivan Small Finance Bank receives RBI approval for foreign exchange services". ETBFSI.com. Retrieved 27 November 2025.
  26. ↑ Ray, Atmadip (4 February 2025). "Ujjivan Small Finance Bank applies for universal banking licence". The Economic Times. ISSN   0013-0389 . Retrieved 27 November 2025.
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