Ujjivan Small Finance Bank (SFB) reported a 17% increase in total deposits at Rs 34,046 crore as on September 30, 2024 compared to Rs 29,139 crore recorded as on September 30, 2023.
On a quarterly (QoQ) basis, total deposits increased by 5% in Q2 FY25, compared to Rs 32,514 crore as on June 30, 2024.
As on September 30, 2024, the bank’s CASA (Current Account Savings Account) deposits stood at Rs 8,822 crore, registering a growth of 26% compared to Rs 7,012 crore in the same quarter last year and an increase of 6% from Rs 8,334 crore as on June 30. 2024.
The CASA ratio improved to 25.9% in September 2024, compared to 24.1% posted in September 2023 and 25.6% recorded as of June 30, 2024.
As of September 30, 2024, the bank’s gross loan portfolio stood at Rs 30,344 crore, up 14% YoY and 1% QoQ.
The bank’s gross loan portfolio includes IBPCs (Inter-Bank Participation Certificates) and securitization amounts of Rs 578 crore as of September 2024, up from Rs 1,685 crore in September 2023 and Rs 2,369 crore in June 2024. This includes also the M-LAP (Advance product linked to a mortgage loan).
In Q2FY25, banks reported disbursements of Rs 5,374 crore, representing a decline of 7% year-on-year but an increase of 2% over the previous quarter. The bank’s PAR (Portfolio at Risk) ratio improved to 5.1% in Q2 FY25 from 3.7% in the same quarter last year and 4.2% in Q1 of exercise 25.
The bank’s GNPA (Gross Non-Performing Assets) ratio stood at 2.5% as of September 30, 2024, up from 2.2% as of September 30, 2023 and 2.3% as of June 30, 2024. Additionally, collection efficiency for Q2 FY25 was reported at 97%, down from 98% in Q2 FY24 and 99% in Q1 FY25 .
Ujjivan Small Finance Bank was established in 2005 as a non-banking financial services company with a mission to provide a comprehensive range of financial services to economically poor people who were not adequately served by financial institutions.
The bank reported a 7.1 per cent decline in its net profit to Rs 301.08 crore in Q1 FY25 compared to 324.07 crore recorded in Q1 FY24. The total income of the bank surged 21.2% YoY to Rs 1,774.27 in Q1FY25.
The counter increased by 0.92% to end at Rs 40.45 on Friday, October 4, 2024.
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First publication: October 5, 2024 | 3:34 p.m. STI
