Archives 2025

India | February 07, 2025: Inventurus Knowledge Solutions Limited (NSE: IKS), a technology-enabled healthcare solutions provider that offers a care enablement platform assisting physician enterprises in the US, Canada, and Australia, with a focus on the US markets today announced its financial results for the quarter ended December 31, 2024, demonstrating strong revenue growth and profitability expansion.

“We continue our journey of improving profitability by transforming legacy AQuity’s operating model through technology and global human capital. EBITDA margins have crossed 30% this quarter, a significant improvement from the 24% proforma margin of FY2024. With revenue from our top five customers growing 19% and new client acquisitions ramping up, we are optimistic about sustained growth heading into the final quarter and the next financial year” as stated by Sachin K. Gupta, Founder and Chief Executive Officer at IKS Health

“We are steadily regaining our legacy IKS EBITDA margins. PAT growth has outpaced EBITDA growth due to lower finance costs as we continue to repay our debt. Adjusted PAT, excluding non-cash amortization of acquired intangibles, has improved by 31%. We will maintain our investments in technology and AI to drive superior outcomes and enhance customer satisfaction” adds Nithya Balasubramanian, Chief Financial Officer at IKS Health

Key Financial Highlights: Quarter ended December 31, 2024

•  Revenue at ₹6,572 million (15.9% YoY / + 2.2% QoQ growth)
•  EBITDA at ₹2,006 million at 30.5% of revenue (24.3% YoY / +5.7% QoQ growth)
•  PAT at ₹1,297 million at 19.7% of revenue (27.7% YoY / 14.8% QoQ growth)
•  Adjusted PAT at ₹1,455 million at 22.1% of revenue (30.6% YoY / 12.8% QoQ growth)

Business Highlights: Quarter ended December 31, 2024 Client Wins

•  Palomar Health & Palomar Health Medical Group chose IKS Health in October 2024 to transform their ambulatory services through cutting-edge healthcare technology and services.
•  Radiology Partners chose IKS Health in October 2024 to enhance their radiology services with the Care Enablement Platform.
•  Western Washington Medical Group chose IKS Health in December 2024 to strengthen the revenue cycle operations and patient access.

New Launches

•  IKS Health introduced a fully AI-driven version of its Scribble product, enhancing clinical documentation through AI-generated clinical notes, natural language processing for precise capture of medical terminology, end-to-end automation from audio capture to documentation as well as HIPAA-compliant encryption ensuring data security.
•  The product will enable improved patient access and satisfaction, reduced clinical burden as well as rapid turnaround time for clients.

Industry Recognition & Awards

•  IKS Health recognized as Best in KLAS (February 2025) for Medical Transcription Services for the 7th consecutive year
•  IKS Health recognized by Black Book Market Surveys in August 2024 as Top-ranked for Clinical Documentation & Medical Coding Services
•  IKS Health’s acquisition of AQuity Solutions recognized as the Healthcare/Life Sciences Deal of the Year (>100MM) by M&A Advisor International Awards

Safe Harbour
Certain statements in this release concerning our future growth prospects may be seen as forward-looking statements, which involve a number of risks and uncertainties that could cause the actuals to differ materially from such statements. It is not possible to undertake to update any such statement that may have been made from time to time.

This theme emphasizes the importance of innovation and strong leadership in advancing sustainable growth in India. It seeks to highlight how organizations and individuals can proactively leverage cutting-edge ideas and practices while ensuring ecological, economic, and social responsibility.

Objectives

• Recognizing Achievement: The summit will honor outstanding individuals and organizations for their contributions to various sectors, including business, sustainable development, healthcare, and education.
• Facilitating Dialogue: This summit will facilitate discussions on best practices, strategies, and innovative solutions that contribute to a sustainable and robust Indian economy.
• Showcasing Leaders: It will serve as a platform to showcase visionary leaders who inspire future generations through their work in their respective fields.
• Media Engagement: With extensive promotion through ET Now and more than 100 digital and print news portals, the summit aims to reach a wide audience, enhancing visibility and engagement.

Event Highlights

• Keynote Addresses: Thought-provoking speeches from renowned leaders and experts
• Panel Discussions: Engaging discussions featuring industry leaders from various sectors
• Awards Ceremony: The celebration of the “Pride of India Awards” recognizing individuals and organizations.
• Networking Opportunities: Facilitated networking sessions between industry leaders.

Please find attached the event presentation and a document containing links of past editions.

Brands and Leaders can participate under the following categories :

Brand Award Categories:

•  India’s Leading Brand
•  Most Admirable Brand
•  Most Trusted Brand of the Nation
•  India’s Iconic Brand
•  Rising Star of India

India’s Greatest Workplace: Honoring the brands having the best workplace for their employees.

Social Impact Award: Honoring the brands who have created an impact through their CSR initiatives.

Leader Award Categories :

•  India’s Top Mind: Honoring India’s Marketing Masterminds.
•  Most Inspirational Leader: Whose stories of success in adversity or unique thinking have made a lasting global and historical impact.
•  Her Power: Honoring Top Women Achievers of the Nation.
•  Young Leader Award: Honoring young business leaders under 40 years of age.
•  Leader of Hope: Honoring the leaders who are making a change through CSR initiatives.

Deliverables:

Award and Certificate to brand/leader.

• Televised Event on ET NOW.
• Exclusive rights to use the raw footage of the onsite media bytes for all the marketing collaterals / promotional activities by the brand.
• Digital Press Coverage featuring a list of all the award winners in Hindustan Times.
• 1 Exclusive digital interview/article of 800-900 words on prominent media platforms like Outlook India / Business World / Zee Business / Midday
• List of award winners on 100-150 digital press releases on various news portals(The Print, Lokmat Times, Business standard, Daily Hunt, Zee5 etc).
• Online feature of the Brand/Leader on the Brand Story Portal.
• Logo Communication Rights for 1 year.
• Special invitation to attend the grand award ceremony to be held in Goa.
• 2-page feature in the Collector’s Edition Coffee Table Book.
• Brand Logo presence across all media collaterals.

Scheduled Event Date: Pride of India Awards and Leadership Summit will be held on 28th February 2025 in Hyatt Centric Candolim Goa

7th February 2025, Mumbai – IDFC FIRST Bank has unveiled an exclusive and specialised range of banking products and services specifically curated to address the unique financial requirements of the elderly members of the society.

These offerings, include the Senior Citizen Savings Account and Senior Citizen Fixed Deposits, reaffirming the bank’s commitment to provide superior, secured and customised financial solutions for this important customer segment.

Under this program, the Bank has introduced a dedicated feature on its Mobile Banking App called ‘Senior Citizen Specials’. This feature offers to senior citizens

a. Safe, secure, and customised investment solutions as applicable to senior citizens’ needs based on their life-stage.
b. Additional 0.5% interest rate on fixed deposit
c. No penalty on pre-mature closure of the FDs
d. Cyber Insurance Coverage of ₹2 lakhs to protect our senior citizens from rising cyber threats,
e. Complimentary one-year MediBuddy health membership with unlimited complimentary doctor video consultations for up to 4 family members
f. Up to 15% discount in network pharmacies, a full body health checkup covering 50+ parameters, and a ₹500 wallet balance to avail.
g. The mobile banking app also provides access to a simplified mutual fund investment experience which is backed by innovation and research. The MF offers are conservative, and can be modified by the senior citizen based on their own risk-reward appetite.

 Commenting on the Bank’s offerings for Senior Citizens, Mr. Chinmay Dhoble, Country Head – Retail Liabilities & Branch Banking said, “We want to treat our Senior Citizens special and we are happy to announce specialised and innovative offerings for Senior Citizens. Our Senior Citizen Savings Account eliminates over 30 charges that are typically levied on savings accounts. In addition, we have put together a very special package for our esteemed senior citizens, with no premature breakage penalty on fixed deposits, health benefits, cyber insurance and a special app customised for seniors. We hope this is liked by our seniors and this will be a tribute for their contribution to us.”

Bengaluru, February 7, 2025

HERO MOTOCORP REPORTS REVENUE OF Rs. 10,211 Cr. IN Q3 FY’25 – PAT AT Rs.1,203 Cr GROWS BY 12%

REGISTERS HIGHEST EVER REVENUE AND PROFIT FOR FIRST NINE MONTHS OF FISCAL YEAR

DECLARES INTERIM DIVIDEND OF RS. 100 PER SHARE (5000%)

Highlights for Q3 FY’25 (Oct‐Dec’24)
Highlights for YTD FY’25 (April‐Dec’24)

• Volume – 14.64 lakh units of motorcycles and scooters sold in Q3 FY’25 (vs 14.60 lakh units Q3 FY’24)
• Revenue from operations – Rs.10,211 Crore (vs Rs. 9,724 Crore), reflecting a growth of 5%. over the corresponding quarter in the previous fiscal
•  Earnings before Interest, Tax, Depreciation & Amortization (EBITDA) for Q3 FY’25 stands at Rs. 1,476 Crore, a growth of 8%
•  Net Profit After Tax (PAT) ‐ at Rs. 1,203 Crore a growth of 12%.
• Volume – 45.19 lakh units of motorcycles and scooters sold in nine months FY’25
•  Revenue from operations – Rs. 30,818 Crore (vs Rs.27,936 Crore), reflecting a growth of 10%. over the corresponding period of previous fiscal
•  Earnings Before Interest, Tax, Depreciation, & Amortization (EBITDA) for the nine months stood at Rs. 4,452 Crore, growth of 14 %
•  Net Profit After Tax (PAT) – Rs. 3,529 Crore, growth of 20 %

Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, today, reported its financial performance for the third quarter (October-December 2024) of FY’25.

The company’s Revenue from Operations for the quarter stood at Rs. 10,211 Crore, this is the third consecutive quarter when the Company has reported revenue above Rs.10,000 Crore. Furthermore, the EBITDA margin expanded over the previous year and stood at 14.5%. Profit After Tax (PAT) stood at Rs.1,203 Crore, a growth of 12% over the previous year.

The consolidated Revenue and PAT for the quarter were Rs.10,260 Crore and Rs.1,108 Crore, respectively.

The company declared an interim dividend of Rs. 100 per share i.e. 5000%.

Hero MotoCorp gained market share in the 100cc segment through Splendor and in the 125cc segment through Xtreme 125R and Super Splendor. It also reported the highest-ever quarterly retail sales, led by the highest-ever festive retail.

Hero MotoCorp’s growth was also led by robust performance in both the EV and global businesses. VIDA reported highest-ever monthly retails and gained market share during the quarter. The company also gained momentum in global business, growing ahead of the industry; Bangladesh and Colombia leading the way.

The company recently launched four products at the Bharat Mobility 2025, bolstering presence in premium and scooter segment. The deliveries of the new products will commence in March 2025.

Vivek Anand, Chief Financial Officer (CFO), Hero MotoCorp, said, “The performance in this quarter and fiscal year, reflects the successful execution of our strategic priorities. Demonstrating strong year-to-date results in both top-line and bottom-line growth, we have achieved the highest-ever nine-month revenue and profits.

“As we move into the next fiscal year, the products launched at Bharat Mobility will further strengthen our presence in the premium and scooter segments.

“The Union Budget 2025’s emphasis on tax relief for the middle class, along with continued investment in infrastructure and support for the agricultural sector, is expected to boost consumer confidence and drive demand growth in the auto industry.”

Delhi (India), February 07, 2025: PG Electroplast Ltd. (PGEL), one of the pioneers and leaders in the Electronic Manufacturing Services and Plastic Molding, announced its results for the quarter ended Dec. 31 st, 2024, as approved by its Board of Directors.

 “The Product business is demonstrating impeccable execution, propelling the company forward with remarkable momentum. Growth leadership in focus area of RACs and washing machines, remains strong, and the company is actively investing in new capabilities to enhance its strategic edge. The Capability and Capacity matrix is expected to reach new highs due to ongoing innovations, new product developments, and the commissioning of additional capacity across various product categories. The company has established itself as a preferred partner for Room AC and washing machine solutions in India, serving major brands as its clients. The successful completion of the fundraising in the previous quarter has bolstered the company’s balance sheet, positioning it favorably within the sector to seize emerging opportunities. The management expresses confidence and dedication to achieving industry-leading growth alongside superior return ratios in the years ahead.” said Mr. Anurag Gupta, Chairman.

 Key Financial Highlights:
Quarter ended Sept. 31 st Dec., FY2025
• Operating Revenues for the quarter were INR 967.69 crores – a growth of 81.9% YoY.
• Quarterly EBITDA stood at INR 92.37 crores versus Rs 47.00 crores in 3QFY2024 – a growth of 96.5%.
• Quarterly Net profit stood at INR 40.14 crores versus INR 19.24 crores in 3QFY2024 – a growth of 108.7%.

 Nine-month ended Dec. 31, FY2025.
• Net Sales for the period were INR 2959.67 crores – growth of 77.2% YoY.
• EBITDA stood at INR 287.44 crores versus INR 154.96 crores in 9MFY2024 – a growth of 85.5%.
• Net Profits stood at INR 144.53 crores versus INR 65.43 crores in 9MFY2024 – growth of 120.9%.

 Other Highlights
3QFY2025 was a robust quarter for PG Electroplast with all business segments growing rapidly:
• Consolidated Revenues at INR 968 crores was boosted by with Product business sales of INR 663 Crores. PGEL’s 100% subsidiary, PG Technoplast clocked INR 620 crores in revenue in 3QFY2025.
• The company maintained good momentum in RAC due to channel filling in anticipation of strong summer season and clocked industry leading growth of 179.5% for 3QFY2025.
• The Washing Machine business also posted industry leading growth at 64.5% during the quarter. The company is in the process of further Investment in developing new platforms for Room ACs & Washing Machines. During the year, the company is further enhancing capacity across Room AC, Washing Machines, and Coolers.
• The Product business contributed 68.5% of the total revenues in 3QFY2025. The Product business grew 140.7% YoY for the quarter. The order book and visibility for all product businesses remain robust and the company is on track to scale the business significantly in FY2025.
• Electronics ex-TV business in PG Electroplast contributed 7.0% of the total revenues and grew by 15.6X in 3QFY2025.
• The Sales of TV business in Goodworth in 9MFY2025 stood at INR 436.56 crores as compared to INR 253.63 crores in PGEL in 9MFY2024, a growth of 72.1%.
• Capital efficiency of business is robust and the company’s RoCE was 23.5% and RoE was 11.9% for the Trailing 12 months, ending Dec. 2024. Net fixed Asset turns for the company stood at 5.34x.
• The company plans to further invest in enhancing capacities and building capabilities for future growth.

 Future Outlook
Management sees increased opportunities in the existing and new clients based on the current business environment. With new capacities and capabilities, the company is uniquely positioned in the consumer durables & plastics space in India. In coming years, the company aspires:

 • To have Industry-leading growth in Revenues.
• Gradual improvement in margins due to operational efficiencies and operating leverage.
• Best-in-class capital efficiency resulting from improved cash flows & balance sheet optimization.

 Specific guidance for FY2025
• PGEL Revenues guidance is now revised upwards to INR 4,550 crores, which will be a growth of 65.7% over FY2024 consolidated Revenues (despite the shift of TV business to Goodworth Electronics). Net profit guidance is also revised upwards and now stands at INR 280 crores which will be a growth of 104.5% over the FY2024 Net profit of INR 137.0 crores.
• The Revenue guidance for Goodworth Electronics is Rs 550 crores in FY2025, Implying Group Revenues of INR 5100 crores.
• The growth in product business i.e., Washing Machines, Room Air Conditioners, and Air Coolers is expected to be ~98% to INR 3,300 crores from INR 1668 crores in FY2024.
• Capex for FY2025 stands INR 370-380 crores and the Company is commissioning 2 new green field facilities in North India and further expanding Supa facilities.

by Mr Ashok Mittal, Director, FynX Capital.

“We expect the RBI to cut benchmark rates by 20-30 BPS (basis points or say by 0.20%-0.30%) in its upcoming monetary policy, driven by easing inflation and a well-balanced budget. A rate cut would boost demand, enhance liquidity, and accelerate economic growth, especially benefiting MSMEs and key industries”.

National, 07th February 2025: Orchestrating the reunion of familiar faces and the creation of new connections, IIHMR University hosted its much-awaited annual alumni meet “Ekatva 2025” at the Jaipur Campus. The meet was graced by the esteemed Chief Guest, Dr. R. A. Mashelkar, FRS, Reliance Innovation Leadership Centre & Former Director General, Council of Scientific & Industrial Research (CSIR).

 As the time came, all the eyes were glued to the stage to listen to Padma Vibhushan Awardee Dr. R. A. Mashelkar’s, keynote address on “Game-Changing Disruptive Innovation for NextGen Diagnostics”. Captivating the audience with his eye-opening address he shared, ”We are looking at the second quarter of this century and are talking about Viksit Bharat 2047. And it is you all young people who will achieve it. So, what is important is making more from less for more people. This means making high technology for poor people. India needs affordable excellence paradigm to solve healthcare challenges. I do not support ‘Jugaad’, instead, I’m taking about game-changing disruptive innovation. We as a nation need to focus on moving from ‘Best Practise’ to the ‘Next Practise’.”

 Welcoming all the dignitaries and the former students, Dr. PR Sodani, President, IIHMR University proudly shared, “It’s a great day for me and IIHMR University that we are celebrating the success of 40 years of IIHMR. We are all very proud of our alumni since they have made significant contributions to the health sector. In addition, our alumni always guide us regarding the type of research that is pertinent to the industry and for nation-building. Our institute has grown remarkably and I can confirm that in the coming years, we will evolve more.”

 The highlight of the event was the eye-opening examples of disruptive healthcare innovations including AI-powered diagnostic tools for respiratory health, patient monitoring, metabolic screening, and maternal health. Witnessing the transformative impact of these technologies sparked a drive to push the boundaries of innovation, encouraging them to explore new frontiers in healthcare solutions. The session instilled a vision of leveraging technology to bridge critical gaps in healthcare delivery, motivating aspiring entrepreneurs to develop cost-effective, scalable, and impactful solutions.

 The rendezvous witnessed a heavy footfall of 150+ Alumni, providing an opportunity for them to reconnect, relive their cherished memories, and celebrate the institution’s legacy of excellence in healthcare management education and research. The event also featured a group photograph session, symbolizing the unity and continued association of the university’s alumni.

 As the night unfolded, musical vibes echoed through the air and the stage came alive with cultural expressions, filling the gathering with soulful tunes that resonated with the spirit of the event. Transitioning seamlessly into the later hours, the dinner encapsulated the essence of a lively celebration, giving the students and alumni to network further on an inter-personal level.

Hyderabad, 7th February 2025: Apollo Hospitals, Jubilee Hills, Hyderabad, in association with ECMO Society of India and Society of Emergency Medicine, conducted a two-day conference and training on advanced critical service and ECMO (Extracorporeal membrane oxygenation) in Hotel Westin, Mind Space, Hyderabad.

More than 100 ECMO Expert doctors from different parts of the world and India joined in the training session. 300 trainee doctors from different parts of India joined and got the certificate in this event.

ECMO is a specialized medical device, which is being used in critically sick patients, who suffer from severe heart and lung problems. Apollo Hospital, Jubilee Hills is a high-volume ECMO center, certified by ELSO (Extracorporeal Life Support Organisation), an international body for recognition of ECMO centers.

Dr. Sangita Reddy, Joint Managing Director of Apollo Hospitals Group; Mr V Tejesvi Rao, CEO, Apollo Hospital Telangana Region; Dr K Subba Reddy, HOD Critical Care Medicine, Associate Director Medical Services, Apollo Hospitals, Jubilee Hills; joined the meeting and addressed the gathering.

Dr. Sangita Ready mentioned the challenges of non-communicable diseases have outnumbered those of communicable diseases. Fortunately, many are preventable, if detected early. Pro-health service is a significant step from Apollo Hospital to detect these diseases early before they can be severe. Apollo Hospital is committed to Keeping pace with innovation and providing world-class treatment at the reach of everyone.

Dr Subba Reddy mentioned outcome of ECMO service at Apollo Hospitals is significant, and it was well appreciated by the recent JCI (Joint Commission international) assessment.

Hyderabad, February 7th, 2025: Mr. Jayesh Ranjan, Special Chief Secretary of the Industries & Commerce (I&C) and Information Technology (IT) Departments of the Telangana government presided over the inaugural MoveInSync GCC Conclave 2025 in Hyderabad, today. The event was co-hosted by Humanize AI. The objective of the GCC Conclave is to engage with stakeholders and explore areas of talent management, infrastructure, sustainability, and innovation in driving GCC growth in the State

Deepesh Agarwal, co-founder and CEO of global leaders in enterprise commute, MoveInSync, kicked off the conclave presenting key statistics that represent Hyderabad’s growth and state of commute. He said “The Indian GCC market is poised to grow to $100 B by 2030 and over 30% of GCCs chose Hyderabad over other cities. While Hyderabad’s GCC market size increased from 230 in FY19 to 355 in FY24, the workforce has also seen an increase from 200,000 to 250,000 during the period. Added to that the population in Hyderabad is likely to grow by 12.7% over the next 5 years. Deepesh further pointed out the challenges faced by daily commuters and pointed at the increasing distance and time taken to commute. Hyderabadis today travel 10% more compared to pre-pandemic distances with about 45% living between 15kms-25kms from their workplace and has witnessed a 13.7% increase in travel time compared to pre-pandemic levels.

Mr. Jayesh Ranjan, Special Chief Secretary of the Industries & Commerce (I&C) and Information Technology (IT) Departments of the Telangana Government delivered a speech to inaugurate the conclave and said “GCCs have become an important driver of our economy. We have seen in the budget that a national GCC policy is on the anvil. Hyderabad’s performance across all parameters of growth has been one of the best in the country and a large part of this growth has come from GCCs” He further stressed the need for ‘decentralization’, and the Government of Telangana’s Tier 2 City policy that has been framed to incentivize companies to set up offices outside of the city of Hyderabad. He mentioned Medchal in East Hyderabad and Mallampet in South Hyderabad and the Government’s initiative in the regions and further urged businesses to consider organizing their workforce in these regions.

The speech was followed by a fireside chat between Mr. Jagdish Mitra, Cofounder and CEO of Humanize, and Sirisha Voruganti, CEO and Managing Director, Lloyds Technology Centre India, on the greater role of AI in businesses in India and the possibilities that lie in artificial intelligence.

Speaking at the conclave, Mr. Jagdish Mitra, Founder & CEO of Humanize said, “India, the innovation hub for GCCs across industries, is poised to host nearly 2,400 captive units by 2030. Driven by key factors such as robust infrastructure, cutting-edge innovation, a thriving talent ecosystem, and business-friendly policies, the future holds immense promise.

Tier 1 cities will play a pivotal role in accelerating this momentum, with Hyderabad, Bengaluru, and NCR already home to 120,000+ AI/ML professionals. Notably, Hyderabad has emerged as a deep-tech powerhouse for Global Captive Centers, offering unparalleled technology and talent support. The growth trajectory of these units will be fascinating to witness, further shaped by progressive policies and a focus on niche technical expertise and enabling Tier 2 cities to attain scale.

I’m delighted to have been part of the insightful discussions at the GCC Conclave, mapping the remarkable journey of Global Captive Centers. Humanize with its focus on Agentic AI based services will undoubtedly remain at the forefront, driving excellence and empowering these units to scale with speed and sustainability.”

The chat was followed by a panel discussion that discussed how GenAI and Emerging Technologies Enhance Service Delivery in GCCs. Noted business leaders like Ashok Venkatachalam, Managing Director, Evernorth Health Services India, Rajesh Puneyani, VP and Managing Director, GCC Site Leader, Kenvue Solutions India GCC, Dr. Durga Prakash Devarakonda, Ex – Managing Director, Carelon, Hari Krishna Verma Nadimpalli, Vice President / Managing Director @ Global Innovation Center, Inspire, Raja Roy, Co-Founder & CTO, Humanize participated in the panel discussion

The conclave ended with a panel that focused on Hyderabad’s Growth Story, its Initiatives in Sustainability, CRE & Mobility Infrastructure. This panel featured Rakesh Singhania, Partner and CFO, Gloplax, Arvind Chittora, Managing Director, Sonoco India Performance Hub, Country Head, Conitex Sonoco India, Annapurna Alladi, Partner Digital Trust, KPMG and Ujjwal Trivedi, Vice President – Product & Growth, MoveInSync

Bengaluru, 06 February 2025: Ujjivan Small Finance Bank (Ujjivan), one of the leading small finance banks has announced today the submission of the application for Universal Banking licence to the Reserve Bank of India (RBI).

This step aligns with the Bank’s long-term vision to strengthen its offerings and its position in the sector. The Bank has consistently demonstrated strong financial performance and a commitment to financial inclusion, serving a diverse aspiring customer base. Ujjivan is prepared to join the ranks of universal banks, considered a very significant milestone in its evolution, subject to RBI granting its approval to its application.

Commenting on the development, Mr. Sanjeev Nautiyal, MD & CEO, Ujjivan Small Finance Bank said, “Following the guidelines set by the Reserve Bank of India (RBI), we have submitted our application today and are seeking the regulator’s approval for the voluntary transition from a Small Finance Bank to a Universal Bank. The Bank has consistently demonstrated strong financial performance and a commitment to financial inclusion, serving a diverse customer base across the country. Securing the Universal Banking licence, if approved, will strengthen Ujjivan’s efforts to provide holistic financial services to its customers and empower all aspiring Indians with a wider range of banking solutions.”

The Bank recently announced its Q3 FY2025 results showcasing positive growth momentum across its business segments. The diversification of loan book has seen accelerated results, with the secured segment contributing to 39% to the overall loan book. With an inclusive approach to Micro Banking, the Bank recently reduced its interest rates for the Group and Individual Loan and now has one of the lowest interest rates among Small Finance Banks. This has been possible due to its performance and efficient management of microfinance stress through better asset quality.