Ujjivan SFB expects RBI to decide on universal bank application by Dec: CEO

MD & CEO Sanjeev Nautiyal discusses microfinance recovery, secured lending push, PSL flexibility, and roadmap for universal banking licence

Ujjivan Small Finance Bank’s results for the first quarter of 2025-26 (Q1FY26) saw its net profit decline by 65.72 per cent to ₹103.22 crore. Following the announcement, Sanjeev Nautiyal, the bank’s managing director & chief executive officer (MD & CEO), spoke to Aathira Varier and Subrata Panda in a video interview on its microfinance portfolio and application before the Reserve Bank of India (RBI) to be converted into a universal bank. Edited excerpts:

 

How is your microfinance portfolio shaping up?

 

The entire industry faced headwinds last year and there has been a general de-growth in the microfinance portfolio. But in Q4FY25, we saw disbursements were much