Ujjivan plans to raise Rs 2,000 crore via QIP route

Mumbai: Ujjivan Small Finance Bank aims to raise ₹2,000 crore in a qualified institutional placement (QIP), regardless of the outcome of its request to the regulator to become a universal bank, MD and CEO Sanjeev Nautiyal said Monday. The fundraising is planned over the next 18-24 months.

Ujjivan, which is the second largest SFB after AU SFB in terms of total assets, has applied for a universal banking license.

"We expect a decision by December from the Reserve Bank of India (RBI) and we are hopeful of getting a positive response from the regulator," Nautiyal said.


Over the next five years, the bank aims to expand its loan book to ₹1 lakh crore, with a focus on the secured and retail portfolios.

This would be led by housing loans, MSME lending, vehicle finance, gold loans and agri loans. As of Q1 FY26, the gross loan book stands at ₹33,287 crore.

The leadership also said that the SFB is working on designing products to meet the needs for mid-size corporates.

The bank spends about ₹250 crore on IT, and expects these spends to increase to ₹500 crore in the next five years. "Currently, of the ₹250 crore, ₹200 are used to run the bank, while ₹50 crore are spent on new investments," said Balakrishna Kamath, chief financial officer of the Bank.