Ujjivan Small Finance Bank Seeks Universal Banking Licence

• Ujjivan Small Finance Bank has applied for a universal banking licence, aiming to expand its business portfolio and gain regulatory freedom.
• The bank's application aligns with its long-term vision to strengthen its offerings and position in the sector.
• If approved, the bank's capital adequacy requirement would decrease, and priority sector lending targets would be lower.

Source: Moneycontrol, The Economic Times, The Economic Times