UJJIVAN SMALL FINANCE BANK announced on Tuesday to submit an application for a universal banking license to India Bank (RBI). The steps were stated in a statement that the banks would strengthen their sector and enhance their status in line with the long -term vision of banks.
Banks have consistently demonstrated powerful financial performance and commitments for financial inclusion, providing services on a variety of ambitious customer bases.
UJJivan is ready to participate in the Universal Banks rank, is considered a very important milestone in its evolution, and says that the RBI is required to approve the application.
He said that protecting the Universal Bank license will provide customers with overall financial services and strengthen Ujigivan’s efforts to strengthen a wide range of bank solutions to all ambitious Indians.
Last year, au Small Finance Bank submitted an application to the RBI for approval of the Universal Bank license.
In April of last year, RBI invited an application from a small financial bank that meets a specific standard, including a 1,000 rupees, to become a normal or universal bank.
