Ujjivan Small Finance Bank


Ujjivan Small Finance Bank Limited is an Indian small finance bank based in Bengaluru, which commenced operations on 1 February 2017. As of 31 December 2025, the bank has 777 branches across 26 states and union territories in India.
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History

Ujjivan Financial Services was founded in 2005 by Samit Ghosh as a non-banking financial company. On 7 October 2015, Ujjivan Financial Services received an in-principle approval from the Reserve Bank of India to set up a small finance bank. At that time, the company had over 2.6 million customers and 464 branches in 24 states.
Ujjivan received its final banking license from the RBI on 11 November 2016, and Ujjivan Small Finance Bank commenced operations in February 2017. In April 2017, the bank stated that it intended to convert all NBFC branches to SFB branches by the 2020 financial year. It received the Scheduled Bank status from the RBI in August 2017.
In October 2019, Ujjivan Small Finance Bank received approval from the Securities and Exchange Board of India to raise ₹1,200 crores in an initial public offering. The IPO opened on 2 December 2019 and the shares were listed on the National Stock Exchange and the Bombay Stock Exchange on 12 December 2019.
In 2022, the board of Ujjivan Financial Services approved the reverse merger of itself into Ujjivan Small Finance Bank.
In 2024, Ujjivan Small Finance Bank received an Authorised Dealer Category 1 Licence from the RBI, enabling it to provide foreign exchange services.
In 2025, Ujjivan Small Finance Bank applied to the RBI for a universal banking licence.