Ujjivan Small Finance Bank

Ujjivan Small Finance Bank
Company typeSmall finance bank
BSE: 542904
NSE: UJJIVANSFB
IndustryBanking, Financial services
Founded1 February 2017
HeadquartersBengaluru, Karnataka, India
Number of locations
26 States and UTs, 334 Districts, 716 Branches, 613 ATMs [1]
Area served
India
Key people
  • Sanjeev Nautiyal
    (MD & CEO)[2]
Total assets₹49,613.93 crores [3] (2025)
Total equity₹6,323.20 crores [4] (2025)
Number of employees
26,484 [5]
Websitewww.ujjivansfb.bank.in

Ujjivan Small Finance Bank Limited is an Indian small finance bank based in Bengaluru, which commenced operations on 1 February 2017.[6][7] Licensed under Section 22 (1) of the Banking Regulation Act, 1949, it received Scheduled Bank status from the Reserve Bank of India in August 2017.[8][9]

Ujjivan Small Finance Bank was established to serve to the unserved and underserved segments of the population through financial and digital inclusion. It offers savings accounts, deposit accounts, and a variety of loans, including microloans, housing loans, and vehicle loans.

Its Initial Public Offering (IPO) was launched on 12 December 2019, and was subscribed more than 165 times.[10]

As of 30 September 2025, the bank has a network of 766 branches spread across 334 districts and 26 states and union territories in India.[11]

History

Ujjivan Financial Services was founded in 2005 by Samit Ghosh, who previously worked with Citibank, Standard Chartered Bank, and HDFC Bank. The company began operations as a Non-Banking Financial Company (NBFC). [12] 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).[13][14] At that time, the company served over 2.6 million customers across 464 branches in 24 states. [15]

Ujjivan received its final banking license from the RBI on 11 November 2016, and Ujjivan Small Finance Bank commenced operations in February 2017.[16][17] In April 2017, the bank stated that it intended to convert all NBFC branches to SFB branches by the 2020 financial year.[18]

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).[19][20] The IPO opened on 2 December 2019 and was reportedly oversubscribed 166 times. The bank’s shares were listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) on 12 December 2019.[21][22]

In 2022, the board of Ujjivan Financial Services approved the reverse merger of itself into Ujjivan Small Finance Bank.[23][24]

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.[25]

In 2025, Ujjivan Small Finance Bank applied to the RBI for a universal banking licence.[26]

Services

Ujjivan Small Finance Bank offers various products including savings account, current account, fixed deposits and recurring deposits. It also provides secured and unsecured lending products such as vehicle loan, gold loan, agri and allied loans, Micro, Small and Medium Enterprise (MSME) loans, home and micro-mortgage loans and microfinance loan.

In addition to banking services, the bank enables access to government insurance schemes, including the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY), along with other life, health, and general insurance options aimed at improving financial inclusion.[27][28] It also offers digital services such as internet banking, phone banking, and mobile banking, as well as NRI and Forex services.

The bank has deployed ATMs equipped with multilingual user interfaces and braille enabled keypads.[29] New customer accounts can be opened using Aadhar-enabled KYC verification through handheld devices.[30]

The bank introduced Hello Ujjivan, described as India's first voice-visual-vernacular banking app, for customers with limited reading and writing skills.[31] The bank is also among the participants in the Unified Lending Interface (ULI) initiative developed by the Reserve Bank Innovation Hub (RBIH).[32]

See also

References

  1. ^ "Ujjivan SFB Q2 FY26 Investor Presentation" (PDF). Retrieved 8 December 2025.
  2. ^ "Ujjivan Small Finance Bank appoints Sanjeev Nautiyal as next MD and CEO". Moneycontrol. Retrieved 12 May 2024.
  3. ^ "Ujjivan Small Finance Bank Balance Sheet Interim". Retrieved 20 November 2025.
  4. ^ "Ujjivan Small Finance Bank Balance Sheet Interim". Retrieved 20 November 2025.
  5. ^ "Ujjivan Small Finance Bank Annual Report FY 2024-25". Retrieved 20 November 2025.
  6. ^ Govind, Deepti (7 February 2017). "Ujjivan Financial Services launches small finance bank". Livemint.
  7. ^ "Ujjivan Small Finance Bank launches operations". The Economic Times. 6 February 2017.
  8. ^ Pani, Priyanka (30 August 2017). "Ujjivan SFB receives scheduled bank status from RBI". The Hindu Business Line.
  9. ^ "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.
  10. ^ "Ujjivan Small Finance Bank IPO completed, to be listed in stock exchanges today". The Indian Express. 12 December 2019. Retrieved 20 November 2025.
  11. ^ "Ujjivan || Home". www.ujjivansfb.bank.in. Retrieved 20 November 2025.
  12. ^ "The Men Who Made Microfinance Work". www.forbesindia.com. Retrieved 27 November 2025.
  13. ^ "Ujjivan becomes fourth entity to receive small finance bank license". Livemint. 14 November 2016.
  14. ^ "RBI grants "In-principle" Approval to 10 Applicants for Small Finance Banks". rbi.org. 16 September 2015.
  15. ^ "Ujjivan Financial Services Ltd". Fortune India. Retrieved 27 November 2025.
  16. ^ Gupta, Arbind (2 February 2024). "How Ujjivan serves the masses". Business India. Retrieved 27 November 2025.
  17. ^ "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.
  18. ^ "Ujjivan SFB to convert all NBFC branches by FY20, enters Delhi". The Economic Times. 24 April 2017. ISSN 0013-0389. Retrieved 27 November 2025.
  19. ^ "Ujjivan Small Finance Bank files draft papers for Rs 1,200 crore IPO - CNBC TV18". CNBCTV18. 19 August 2019. Retrieved 27 November 2025.
  20. ^ 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.
  21. ^ "Ujjivan Small Finance Bank IPO completed, to be listed in stock exchanges today". The Indian Express. 12 December 2019. Retrieved 27 November 2025.
  22. ^ The Hindu (4 December 2019). "Ujjivan IPO subscribed 166 times". The Hindu. ISSN 0971-751X. Retrieved 27 November 2025.
  23. ^ Ray, Atmadip (14 October 2022). "Ujjivan Financial board approves merger with Ujjivan SFB". The Economic Times. ISSN 0013-0389. Retrieved 27 November 2025.
  24. ^ www.ETBFSI.com. "Ujjivan Small Finance Bank receives RBI approval for foreign exchange services". ETBFSI.com. Retrieved 27 November 2025.
  25. ^ www.ETBFSI.com. "Ujjivan Small Finance Bank receives RBI approval for foreign exchange services". ETBFSI.com. Retrieved 27 November 2025.
  26. ^ Ray, Atmadip (4 February 2025). "Ujjivan Small Finance Bank applies for universal banking licence". The Economic Times. ISSN 0013-0389. Retrieved 27 November 2025.
  27. ^ www.ETBFSI.com. "ICICI Prudential Life Insurance and Ujjivan Small Finance Bank join forces in Bancassurance Partnership". ETBFSI.com. Retrieved 8 December 2025.
  28. ^ "Max Life partners with Ujjivan Small Finance Bank to offer life insurance solutions - CNBC TV18". CNBCTV18. 6 March 2023. Retrieved 8 December 2025.
  29. ^ "Ujjivan || Digital Future". www.ujjivansfb.bank.in. Retrieved 8 December 2025.
  30. ^ Ghosh, Rashi Aditi (1 June 2017). "Ujjivan Small Finance Bank start operations in Salem". Elets BFSI. Retrieved 8 December 2025.
  31. ^ www.ETBFSI.com. "Ujjivan Small Finance Bank launches Hello Ujjivan - India's first voice, visual, vernacular banking app". ETBFSI.com. Retrieved 8 December 2025.
  32. ^ Mishra, Lalatendu (3 September 2024). "What is the Unified Lending Interface by the RBI? | Explained". The Hindu. ISSN 0971-751X. Retrieved 8 December 2025.
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