Mumbai, April 15 -- In its communication dated 13 April 2026, the RBI acknowledged the bank's progress in diversifying its loan portfolio but noted that further improvement is required. The regulator has advised the bank to reapply once it demonstrates a more diversified loan mix.

The development delays Ujjivan's plans to transition into a universal bank, a move that would have allowed it to expand its product offerings and scale operations beyond the small finance bank framework.

Ujjivan Small Finance Bank is a Scheduled Commercial Bank serving

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