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Ujjivan Small Finance Bank's CASA deposits stood at Rs 8,332 crore as of March 2024, up 24% from Rs 6,744 crore as of 31 March 2023. CASA ratio reduced to 26.3% as of March 2024 as against 26.4% recorded in same period last year.
As on 31 March 2024, the bank's gross loan book stood at Rs 29,779 crore, up 24% YoY while disbursements stood at Rs 6,681 crore, up 11% YoY.
Furthermore, Ujjivan's asset quality continues to be strong. The GNPA ratio stood at 2.1% as of 31 March 2024, down significantly from 2.6% as on 31 March 2023.
Additionally, the bank’s collection efficiency improved to 99% in March, as against 98% posted in January and February 2024.
Credit to deposit ratio increased to 86.8% as of March 2024 compared with 85.8% as on March 2023.
Ujjivan Small Finance Bank was established as a non banking financial services company in the year 2005 with the mission to provide a full range of financial services to the ‘economically poor’ who were not adequately served by financial institutions.
The bank reported 2.34% rise in net profit to Rs 300.06 crore on 35.62% jump in total income to Rs 1,655.39 crore in Q3 FY24 over in Q3 FY23.
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