The bank will seek shareholders' approval for the same through a postal ballot process.
Ujjivan Small Finance Bank is a mass market focused bank in India, catering to financially unserved and underserved segments. It reported 7.3% fall in standalone net profit to Rs 126.52 crore despite a 25.8% rise in total income to Rs 920.80 crore in Q4 FY22 over Q4 FY21.
Shares of Ujjivan Small Finance Bank slipped 2.10% to Rs 16.35 on the BSE.