The event was graced by Mr. Samit Ghosh, Founder, Ujjivan Small Finance Bank; Ms. Sudha Suresh, Director; Ms. Carol Furtado, Executive Director; and Mr. Rajesh Krishnan, CEO, United Way Bengaluru, alongside representatives from Ujjivan Small Finance Bank, members of the Vagata Gram Panchayat, and local community stakeholders.

Covering 21.33 acres, the Kanekkallu Lake underwent extensive rejuvenation interventions including large-scale desilting, strengthening of the 535-metre main bund and 1,310-metre peripheral bund, and restoration of waterflow channels. Approximately 180 cubic metres of nutrient-rich silt were redistributed to nearby farmers, supporting agricultural productivity and soil enrichment.

With a 28-million-litre increase in water-holding capacity—from 64 million litres to 92 million litres—the rejuvenated lake will significantly improve groundwater recharge, soil moisture retention, and long-term irrigation access for surrounding villages. 2,000 saplings planted around the lake over one year, strengthening green cover and future carbon sequestration and 20,000 fish released in the lake on handover day to support aquatic biodiversity. The initiative is expected to benefit farmers, youth, and residents across 16 villages, contributing to stronger livelihoods and greater ecological resilience.

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A Diversified Loan Portfolio: Ujjivan has been gradually diversifying its loan portfolio with secured lending increasing from 16% in FY19 to 46% as on Q1FY26. The bank aims to raise the share of its secured loan book to approximately 65%–70%, led by growth in Affordable Housing, Micro Mortgages, MSME lending, Vehicle Finance, Gold Loans and Agri Loans. Additionally, the bank aims to increase the product suite by adding products for Mid Corporate Lending. While the Micro Banking portfolio which mainly comprises of Group Loans, forms the foundation of the scale, the bank intends to expand its portfolio of individual loans as customers progressively graduate to Individual Loans. 

Liability Franchise: Ujjivan has built a granular liability franchise with retail deposits (CASA and retail term deposits) forming 72% of the total deposit base of ₹38,619 crore as of Q1FY26. CASA balances stood at ₹9,381 crore, representing 24.3% of deposits, with a long-term objective of CASA reaching 35% of total deposits by FY30. This growth will be supported by the planned expansion of the branch network from 752 to approximately 1,150 branches, deeper cross-sell to an expanded customer base, and a suite of products including IPO-ASBA, mutual fund distribution, remittances, and co-branded credit cards. 

Profitability and Risk Profile: As the bank scales up our execution, the key focus areas would be on optimising the framework of its technology/digital stack, having the right sized employee count, rationalizing operational expenses, enhancing productivity, along with prudent roll out of their branch and other physical infrastructure. These will enable the bank to bring its cost to income ratio close to 55%. Combining this with its credit underwriting and collections mechanism will help deliver RoA of 1.8%-2.0% through prudent leverage and RoE of 16%-18% by FY30. 

Capital Position: With a CRAR of 22.8% and Tier I at 21.2%, Ujjivan remains comfortably capitalized as of Q1FY26. The shift in asset book towards secured loans with lower risk weights not only enhances capital efficiency but also provides headroom to support long-term growth without immediate need for raising capital.

Commenting on the Bank’s journey, Mr. Sanjeev Nautiyal, Managing Director & CEO, Ujjivan Small Finance Bank, said, “Our roadmap to a ₹1 lakh crore gross loan book by FY30 builds on the foundation established since becoming a small finance bank. Over this period, we have grown our gross loan book from ₹7,560 crore in FY17 to ₹33,287 crore in Q1FY26.

Our strategy focuses on expanding our branch network from 752 to around 1,150, increasing the secured share of the loan book to 65%–70%, raising CASA to 35% of deposits, and doubling branch productivity. We expect annual Gross Loan Book growth in the range of 20%–25%, with the objective of achieving RoE of 16%–18% and RoA of 1.8%–2.0% in FY30. With a diversified and growing customer base of over 97 Lakhs across 26 states & Union Territories, we are well positioned to deliver on these priorities while continuing to focus on Mass, Aspiring and Emerging Affluent segments of a growing India.”

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Bengaluru, 4^th July 2025: Ujjivan Small Finance Bank has launched its first global payment instrument, the International RuPay Select Debit Card. This launch is part of the bank’s broader objective to offer modern, inclusive, and globally-accessible banking solutions to consumers.

The card is accepted globally across ATMs, POS terminals, and online platforms in collaboration with the RuPay-Discover Network – making it ideal for frequent international travellers and customers who want to meet their banking needs online.

The NPCI RuPay International Select Debit Card benefits, include two complimentary access to domestic airport lounge per quarter, one annual international lounge access, personal accident insurance and total permanent disability insurance coverage of ₹10 lakhs. Cardholders can also access quarterly complimentary golf lessons, wellness services, travel coupon from cab aggregators and an annual premium health check-up. Additional benefits such as emergency cash concierge support abroad, round-the-clock domestic concierge services, higher transaction limits, and contactless payments are also available.

On the launch, Ujjivan SFB Head of Retail Liabilities – TASC & TPP, Mr. Hitendra Jha said, “The International RuPay Select Debit Card is a crucial step towards offering customers a seamless and secure global banking experience. Ujjivan Small Finance Bank strives to offer digital-first solutions that combine convenience with the broader goals of financial inclusion. The card will help serve the digitally savvy, travel-ready, and aspirational customers and deliver value to consumers worldwide.”

With this launch, Ujjivan SFB continues building a strong product suite that aligns with the changing banking needs of consumers looking for convenience, security, and premium lifestyle experiences.

Key highlights of the features and benefits:

ü  Two complimentary domestic airport lounge access per quarter

ü  One complimentary international airport lounge access per year

ü  Personal accident and total permanent disability cover of ₹ 10 lakhs

ü  Complimentary rounds of golf lessons or one session per quarter

ü  One complimentary wellness service per quarter

ü  One annual complimentary premium health check-up

ü  One free travel coupon from cab aggregators once per quarter

ü  Emergency cash concierge services at international location

ü  Domestic 24/7 concierge services

ü  Other exclusive merchant offers

ü  Higher transaction limits

ü  Contactless transactions

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