Ujjivan Small Finance Bank
| Company type | Public |
|---|---|
| BSE: 542904 NSE: UJJIVANSFB | |
| Industry | Small finance bank |
| Founded | 1 February 2017 |
| Headquarters | Bengaluru, Karnataka, India |
Number of locations | 777 branches and 613 ATMs[1] |
Area served | India |
Key people |
|
| Total assets | ₹37,057 crores [3] |
| Total equity | ₹6,519 crores [4] |
Number of employees | 24,374 [5] |
| Website | www |
Ujjivan Small Finance Bank Limited is an Indian small finance bank based in Bengaluru, which commenced operations on 1 February 2017.[6][7] As of December 2025, it had 777 branches.[8]
History
Ujjivan Financial Services was founded in 2005 by Samit Ghosh as a non-banking financial company (NBFC).[9] 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).[10][11] At that time, the company had over 2.6 million customers and 464 branches in 24 states.[12]
Ujjivan received its final banking license from the RBI on 11 November 2016, and Ujjivan Small Finance Bank commenced operations in February 2017.[13][14] In April 2017, the bank stated that it intended to convert all NBFC branches to SFB branches by the 2020 financial year.[15] It received the Scheduled Bank status from the RBI in August 2017.[16][17]
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).[18][19] 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.[20][21]
In 2022, the board of Ujjivan Financial Services approved the reverse merger of itself into Ujjivan Small Finance Bank.[22][23] Ujjivan Financial Services held a 73.5% stake in the bank before the reverse merger.[24][25][26] After the completion of the reverse merger in 2024, Ujjivan Small Finance Bank became a fully public-owned bank.[27]
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.[28]
In 2025, Ujjivan Small Finance Bank applied to the RBI for a universal banking licence.[29]
See also
References
- ^ "Ujjivan SFB Q2 FY26 Investor Presentation" (PDF). Retrieved 22 January 2026.
- ^ "Ujjivan Small Finance Bank appoints Sanjeev Nautiyal as next MD and CEO". Moneycontrol. Retrieved 12 May 2024.
- ^ "Ujjivan Small Finance Bank Balance Sheet Interim" (PDF). Retrieved 22 January 2026.
- ^ "Ujjivan Small Finance Bank Balance Sheet Interim" (PDF). Retrieved 22 January 2026.
- ^ "Ujjivan Small Finance Bank Annual Report FY 2024-25" (PDF). Retrieved 22 January 2026.
- ^ Govind, Deepti (7 February 2017). "Ujjivan Financial Services launches small finance bank". Livemint.
- ^ "Ujjivan Small Finance Bank launches operations". The Economic Times. 6 February 2017.
- ^ "Ujjivan || Home". www.ujjivansfb.bank.in. Retrieved 20 November 2025.
- ^ "The Men Who Made Microfinance Work". www.forbesindia.com. Retrieved 27 November 2025.
- ^ "Ujjivan becomes fourth entity to receive small finance bank license". Livemint. 14 November 2016.
- ^ "RBI grants "In-principle" Approval to 10 Applicants for Small Finance Banks". rbi.org. 16 September 2015.
- ^ "Ujjivan Financial Services Ltd". Fortune India. Retrieved 27 November 2025.
- ^ Gupta, Arbind (2 February 2024). "How Ujjivan serves the masses". Business India. Retrieved 27 November 2025.
- ^ "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.
- ^ "Ujjivan SFB to convert all NBFC branches by FY20, enters Delhi". The Economic Times. 24 April 2017. ISSN 0013-0389. Retrieved 27 November 2025.
- ^ Pani, Priyanka (30 August 2017). "Ujjivan SFB receives scheduled bank status from RBI". The Hindu Business Line.
- ^ "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.
- ^ "Ujjivan Small Finance Bank files draft papers for Rs 1,200 crore IPO - CNBC TV18". CNBCTV18. 19 August 2019. Retrieved 27 November 2025.
- ^ 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.
- ^ "Ujjivan Small Finance Bank IPO completed, to be listed in stock exchanges today". The Indian Express. 12 December 2019. Retrieved 27 November 2025.
- ^ The Hindu (4 December 2019). "Ujjivan IPO subscribed 166 times". The Hindu. ISSN 0971-751X. Retrieved 27 November 2025.
- ^ Ray, Atmadip (14 October 2022). "Ujjivan Financial board approves merger with Ujjivan SFB". The Economic Times. ISSN 0013-0389. Retrieved 27 November 2025.
- ^ www.ETBFSI.com. "Ujjivan Small Finance Bank receives RBI approval for foreign exchange services". ETBFSI.com. Retrieved 27 November 2025.
- ^ "Ujjivan Small Finance Bank Ltd Share Price Today, 62.80, Ujjivan Small Finance Bank Ltd Stock Price 62.80 on 11th Feb 2026, Ujjivan Small Finance Bank Ltd Stock Price Live NSE/BSE | Business Standard". www.business-standard.com. Retrieved 11 February 2026.
- ^ "Ujjivan Small Finance Latest Shareholding Pattern – Promoter, FII, DII, Mutual Fund. Who owns, bought or sold Ujjivan Small Finance Shares?". Trendlyne.com. Retrieved 11 February 2026.
- ^ Livemint (30 October 2021). "Ujjivan Financial Services board okays amalgamation with Ujjivan SFB". mint. Retrieved 11 February 2026.
- ^ "SHAREHOLDING PATTERNS - UJJIVAN SMALL FINANCE BANK". www.nseindia.com. 17 January 2026. Retrieved 11 February 2026.
{{cite web}}: CS1 maint: url-status (link) - ^ www.ETBFSI.com. "Ujjivan Small Finance Bank receives RBI approval for foreign exchange services". ETBFSI.com. Retrieved 27 November 2025.
- ^ Ray, Atmadip (4 February 2025). "Ujjivan Small Finance Bank applies for universal banking licence". The Economic Times. ISSN 0013-0389. Retrieved 27 November 2025.