Ujjivan Small Finance Bank Seeks Universal Banking Licence:
Ujjivan Small Finance Bank (USFB) has applied for a universal banking licence, a major milestone in its journey from a small finance bank to a full-fledged commercial bank. This move aligns with the bank’s strategy to expand its financial services, increase regulatory flexibility, and strengthen its position in the banking sector. The bank’s decision follows a growing trend of small finance banks transitioning to universal banks for broader operational capabilities.
