Ujjivan SFB Plans Rs 20 Bn QIP Amid Universal Bank Licence Awaiting

10 Sep 2025 CW Team

Ujjivan Small Finance Bank (Ujjivan SFB) plans to raise Rs 20 billion through a qualified institutional placement (QIP) over the next 18–24 months, according to its Managing Director and CEO, Sanjeev Nautiyal.

The lender has set a long-term target of achieving a gross loan book of Rs 1 trillion by FY30, supported by an expansion of its branch network from 752 to 1,150. It also aims to increase the secured share of its loan portfolio to 65–70 per cent and raise the share of current account and savings account (CASA) deposits to 35 per cent.

Nautiyal said the fundraising forms part of the bank’s strategic plan, regardless of the Reserve Bank of India’s (RBI) decision on its application for a universal bank licence. The application, filed in February, is expected to receive clarity by December 2025.

As of FY25, Ujjivan SFB reported a capital adequacy ratio of 23.1 per cent and a gross loan book of Rs 321.22 billion. CASA deposits accounted for 25.5 per cent of total deposits.

To strengthen its business, the bank is working to enhance CASA offerings and boost fee-based income through initiatives such as ASBA (application supported by blocked amount) services, mutual fund distribution, retail insurance partnerships, co-branded credit cards, and expansion of its authorised dealer licence.

News source: Business Standard

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