CAMEO+ eventECONOMIC2026-04-15馃嚠馃嚦
RBI decision blocks Ujjivan upgrade, highlighting strict criteria for small finance banks
source: Reserve Bank of India -> target: Ujjivan Small Finance Bank
On 2026-04-15, the Reserve Bank of India returned Ujjivan Small Finance Bank鈥檚 application to upgrade to a universal bank. The decision signaled that meeting financial criteria alone was not enough, with the RBI emphasizing loan-book diversification and stricter transition standards for small finance banks. The move affects Ujjivan and other prospective applicants in India.
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MumbaiMaharashtraSouth AsiaIndiaAsia19.076, 72.878
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