The development delays Ujjivan’s plans to transition into a universal bank, a move that would have allowed it to expand its product offerings and scale operations beyond the small finance bank framework.

Ujjivan Small Finance Bank is a Scheduled Commercial Bank serving ~99.6 lakh customers through 777 branches across 339 districts in 26 states and Union Territories, supported by robust digital channels. The bank offers a diversified portfolio spanning across affordable housing, MSME, agri, vehicle, gold, micro-mortgage, FIG, and microfinance (group and individual) loans. As of 31 December 2025, Ujjivan's gross loan book stood at Rs 37,057 crore, with deposits of Rs 42,223 crore and a net worth of Rs 6,519 crore.

On a standalone basis, the bank's net profit surged 70.98% to Rs 185.72 crore on 16.12% increase in total income to Rs 2,047.40 crore in Q3 December 2025 over Q3 December 2024.