Ujjivan SFB Seeks Universal Banking Licence to Expand Services

10 Feb 2025 CW Team

Ujjivan Small Finance Bank (SFB) has applied to the Reserve Bank of India (RBI) for a universal banking licence to enhance its offerings and strengthen its position in the sector. It becomes the second SFB, after AU SFB, to seek a universal banking transition under the voluntary route.

Since commencing operations in 2017, the Bengaluru-based lender has expanded to 753 branches across 26 states and union territories, serving approximately 9.3 million customers. As of December 31, 2024, its gross loan book stands at Rs 304.66 billion, while deposits total Rs 344.94 billion.

As per RBI guidelines, an SFB must have a minimum net worth of Rs 10 billion, scheduled bank status, and a track record of at least five years to qualify for conversion. It must also maintain a gross NPA ratio of 3% or lower and a net NPA ratio of 1% or lower over the past two financial years. Additionally, only listed SFBs that have been profitable for at least two consecutive years and meet capital adequacy norms are eligible. Preference is given to banks with a diversified loan portfolio.

Meanwhile, Jana Small Finance Bank is also working towards meeting regulatory requirements for a universal banking transition, ensuring its NPA ratios remain within the prescribed limits.

(Business Standard)

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..