Net interest income (NII) jumped 46% to Rs 466 crore in Q4 FY20 over Q4 FY19. Net interest margin (NIM) stood at 11.2% in Q4 March 2020 as compared to 10.8% in Q4 March 2019. The result was announced after market hours on Tuesday (19 May 2020).

The bank's gross non-performing assets (NPAs) stood at Rs 137.14 crore as on 31 March 2020 as against Rs 129.45 crore as on 31 December 2019 and Rs 97.85 crore as on 31 March 2019.

The ratio of gross NPAs to gross advances stood at 0.97% as on 31 March 2020 as against 0.95% as on 31 December 2019 and 0.92% as on 31 March 2019. The ratio of net NPAs to net advances stood at 0.20% as on 31 March 2020 as against 0.38% as on 31 December 2019 and 0.26% as on 31 March 2019.

The bank's provisions and contingencies stood at Rs 96.88 crore in Q4 March 2020, almost seven times compared to Rs 12.37 crore in Q4 March 2019.

The bank has made total provision of Rs 70 crore for COVID-19 as on 31 March 2020, out of which Rs 48.97 crore is in respect of accounts in default but standard against the potential impact of COVID-19. The provisions held by the bank are in excess of the RBI prescribed norms.

The private lender's net profit rose 75.6% to Rs 349.92 crore on 48.5% rise in total income to Rs 3025.81 crore in the year ended March 2020 over the year ended March 2019.

The bank's deposits rose by 46.08% to Rs 10,780.48 crore as on 31 March 2020 from Rs 7,379.44 crore as on 31 March 2019. CASA ratio stood at 14% during the quarter compared with 11% in March 2019.

Total advances jumped 33.08% to Rs 14,043.64 crore as on 31 March 2020 from Rs 10,552.45 crore as on 31 March 2019.

Nitin Chugh, MD & CEO, Ujjivan Small Finance Bank said, “Gross advances grew 28% YoY to Rs 14,153 cr, deposit franchise continued to grow stronger with granular and stable retail focused base. Q4 was impacted in multiple ways by the current global situation owing to COVID-19. Business remains on strong fundamentals with high capital adequacy and liquidity, strong credit quality and improved processes/ efficiencies. We expect the mass market to show resilience and recover strongly. Economic package announced by Government would also boost recovery and open various opportunities. We remain focussed on building a technology led Mass Market Retail Bank with focus on differentiated digital and service experience and financial inclusion covering under-served and unserved.“

Ujjivan Small Finance Bank serves over 52.5 lakh customers through 575 branches spread across 244 districts and 24 states and union territories