What type of banking licence has Ujjivan Small Finance Bank applied for?
Universal Banking Licence
Why in the news?
"Ujjivan Small Finance Bank Seeks Universal Banking Licence to Expand Services”
Ujjivan Small Finance Bank has applied for a universal banking licence to transition from a small finance bank to a full-fledged commercial bank. This move aims to expand financial services, gain regulatory flexibility, and enhance offerings for customers.
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