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

Infrastructure Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..