Ujjivan Small Finance Bank Q1 2024 Performance Highlights

On July 04, 2024, Ujjivan Small Finance Bank announced its key business highlights for the quarter that ended June 30, 2024, in a stock exchange filing.

Key Business Highlights for the Quarter Ending June 30, 2024

Deposits

• Total deposits increased by 22% year-over-year and 3% quarter-over-quarter, reaching ₹ 32,500 crore, compared to ₹ 26,660 crore in June 2023 and ₹ 31,462 crore in March 2024.
• The CASA (Current Account Savings Account) book showed strong annual growth of 27% and remained steady since March 2024 at ₹ 8,336 crore.

Assets

• The gross loan book increased by 19% year over year and 1% quarter over quarter, reaching ₹ 30,091 crore, up from ₹ 25,326 crore in June 2023 and ₹ 29,780 crore in March 2024.
• The secured loan book rose to 31.5%, compared to 27.1% in June 2023 and 30.2% in March 2024, as other secured businesses continue to grow.
• The credit-to-deposit ratio stood at 85.3%, unchanged from June 2023 but down from 87.1% in March 2024 (excluding IBPC/Securitisation).

Collections & Asset Quality at Comfortable Levels

• Collections remain strong across all segments.
• PAR (Portfolio at Risk) and GNPA (Gross Non-Performing Assets) are at 4.3% and 2.3%, respectively, compared to 3.5% and 2.1% as of March 31, 2024 (including IBPC/Securitisation).

Note: The information for Q1 FY25 is provisional and subject to audit by the bank’s statutory auditors.

About Ujjivan Small Finance Bank Limited

Ujjivan Small Finance Bank Limited began as Ujjivan Financial Services Limited, a Non-Banking Financial Company, in 2005. Its mission was to provide financial services to the economically active poor, who were not well-served by traditional financial institutions.

On July 5, 2024, the share price of Ujjivan Small Finance Bank Ltd opened at ₹44.51, touching the day’s high of ₹ 44.88 as of 9:34 AM on the NSE.

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