The Board of Directors of Ujjivan Small Finance Bank (SFB) on Thursday approved to file an application with the Reserve Bank of India (RBI) for universal bank license, the bank informed exchanges.

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Deposits grew 16.3% year-on-year. Ujjivan Small Finance Bank has said it would shortly apply to the Reserve Bank of India for a transition to a universal bank. The Ujjivan board approved the plan ...

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