India's Ujjivan Small Finance Bank falls after RBI returns universal bank bid

Ujjivan Small Finance Bank

15/04/2026 04:56

** Shares of Ujjivan Small Finance Bank UJJI.NS fall 3.71% to 58.06 rupees

** Set to log losses after four sessions of gains

** India's central bank has turned down UJJI's recent application for universal bank status, citing the need for greater diversification of its loan book

** RBI "took note of the bank's recent efforts towards diversification of its loan portfolio. However, they were of the view that there is scope for progress in this area," the lender said in a stock exchange disclosure late Monday

** A transition to universal bank allows lenders to offer a wider range of services and expand beyond their original mandate of serving underserved segments

** Ujjivan SFB had first applied for the transition in February last year

** As on December 2025, loan book stood at 370.5 billion rupees with deposits worth 422.2 billion rupees

** Analysts have a "strong buy" rating on avg; median PT is 72 rupees - data compiled by LSEG

** YTD, UJJI up ~9%

(Reporting by Urvi Dugar in Bengaluru)

((UrviManoj.Dugar@thomsonreuters.com;))