Shares of Ujjivan Small Finance Bank fell 5.5% on April 15 after Reserve Bank of India returned the lender's universal banking application, for now.
"The RBI took note of the Bank’s recent efforts towards diversification of its loan portfolio. However, they were of the view that there is scope for progress in this area. Therefore, RBI have returned the application and advised the Bank to consider applying again after demonstrating a diversified loan portfolio," said the lender in a stock exchange filing.
At 10:40 am on April 15, Ujjivan SFB shares were trading 5.5% lower at Rs 56.96 apiece. The 52-week low of the stock is Rs 38.91 while 52-week high was Rs 68. The market capitalisation of the stock is over Rs 11,000 crore.
The bank reported record-high quarterly disbursements and a 70.6% year-on-year jump in net profit to approximately Rs 186 crore in Q3FY26. Deposits grew 22.4% annually, reaching Rs 42,223 crore, while net interest income hit an all-time high of Rs 1,000 crore.
Gross Non-Performing Assets (NPA) stood at 2.39%, with Net NPA at 0.57%.