Ujjivan Small Finance Bank plans to raise ₹2,000 crore through a qualified institutional placement. This fundraising will occur over the next 18 to 24 months. The bank has applied for a universal banking license and anticipates a decision from the Reserve Bank of India by December. Ujjivan aims to expand its loan book to ₹1 lakh crore in five years.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets