Ujjivan Small Finance Bank Limited — Others, 20-02-2025: Action(s) initiated or orders passed

Ujjivan Small Finance Bank has encountered a penalty of ₹41.11 crore, levied by the Joint Commissioner, Pune, for a violation concerning the disallowance of Input Tax Credit related to FY 2020-21. The total financial impact of this situation amounts to approximately ₹45.22 crore, including the disputed tax and penalty. This development highlights operational risks and could potentially affect the bank's financial standing. Investors may view this news with caution, as it raises concerns about regulatory compliance and future operations, signaling the need for management to bolster governance practices.