The bank’s total deposits were at Rs 23,203 crore as on 31 December 2022. Notably, deposits have risen by 3% as compared to the Rs 29,003 crore base on 30 September 2023.

However, the bank's CASA ratio, a measure of low-cost deposits, dipped slightly to 25.3% in the quarter ended 31 December 2023, from 26.2% reported in the corresponding period last fiscal. The ratio has improved when compared with the figure of 24.1% that was recorded at the end of September 2023 quarter.

Despite the dip in CASA, Ujjivan delivered strong loan growth, with disbursements for the quarter ended 31 December 2023 reaching Rs 5,675 crore. This represents a 17% YoY increase but a 1% decline sequentially.

The bank's gross loan book also expanded, aggregating to Rs 27,791 crore by 31 December 2023, up 27% YoY and higher by 5% compared to the July-September 2023 quarter.

Furthermore, Ujjivan's asset quality continues to improve. The GNPA ratio stood at 2.1% as of 31 December 2023, down significantly from 3.4% as on 30 December 2022 and 2.2% as on 30 September 2023.

Additionally, the bank maintained a consistently high collection efficiency of 99% in December, following similar performance in October and November 2023.

Ujjivan Small Finance Bank is a small finance bank. The bank serves nearly 79 lakh customers through 700 branches and 21,040 employees spread across 305 districts and 26 states and union territories in India.

The bank reported 11% rise in net profit to Rs 328 crore on a 39% increase in total income to Rs 1,580 crore in Q2 FY24 as compared with Q2 FY23.