Mumbai, April 13 (IANS) The Reserve Bank of India (RBI) has returned the universal banking licence application filed by Ujjivan Small Finance Bank (SFB) on the grounds that the lender has not sufficiently diversified its asset book to qualify for it, according to an exchange filing.“The RBI, through their aforesaid letter, 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…
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