Hot Pursuit     06-Jul-23
Ujjivan SFB soars after strong Q1 business update
Ujjivan Small Finance Bank jumped 4.53% to Rs 42.50 after the bank's reported 44% rise in total deposits to Rs 26,655 crore as on 30 June 2023 from Rs 18,449 crore crore as on 30 June 2022.

As compared with 31 March 2023, the bank's deposits have risen by 4%.

CASA ratio was at 24.6% as on 30 June 2023 as against 27.9% as on 30 June 2022 and 26.4% as on 31 March 2023.

Advances for the period ended 30 June 2023 amounted to Rs 25,346 crore, up 31% YoY and up 5% QoQ.

Disbursements increased by 22% YoY to Rs 5,280 crore in Q1 FY24, driven by robust growth in microbanking, housing and FIG.

Affordable Housing segment recorded quarterly disbursement of Rs 418 crore (up 45% YoY) and its gross loan book was close to Rs 3,700 crore.

Collection Efficiency (including foreclosure/ advance etc.) was 110% in June 2023 as compared with 111% in June 2022 and 110% in March 2023.

GNPA was at 2.4% as on 30 June 2023 as against 5.9% as on 30 June 2022 and 2.6% as on 31 March 2023.

Ujjivan Small Finance Bank (Ujjivan SFB) serves approximately 77 lakh customers through 629 branches spread across 271 districts and 25 states and union territories in India.

The bank had reported a PAT of Rs 310 crore (up 145% YoY) and net interest income of Rs 738 crore (up 36% YoY) for the quarter ended on 31 March 2023.

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