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Ujjivan Small Finance Bank reported a year-on-year increase of 16% in total deposits

Ujjivan Small Finance Bank reported a year-on-year increase of 16% in total deposits

Chennai: Ujjivan Small Finance Bank has revealed its business highlights for the quarter ended December 31, 2024. The highlights demonstrate considerable increase in deposits and lending across key areas despite a challenging economic situation.

According to the bank’s regulatory filings with the Bombay Stock Exchange and the National Stock Exchange of India, total deposits increased by 16% YoY to ₹34,496 crore as on December 31, 2024, from ₹29,669 crore during the same period the previous year. Additionally, deposits into the Current Account Savings Account (CASA) increased by 15% to ₹8,657 crore.

The bank’s secured loan book currently accounts for 40% of its total portfolio, up from 28% in December 2023, indicating a focus on increasing asset quality. Growth in categories such as affordable housing and MSME shows a strategic shift towards more sustainable and diverse lending methods

Key Business Highlights for the Quarter ended December 31, 2024:

Deposits:

Particulars (₹ in crore) Dec 31, 2024 Dec 31, 2023 Y-o-Y
Total Deposits 34,496 29,669 16%
CASA 8,657 7,556 15%
Credit-Deposit Ratio (%) 88% 94%

Assets:

Particulars (₹ in crore) Dec 31, 2024 Dec 31, 2023 Y-o-Y
Gross Loan Book* 30,466 27,743 10%
Micro Group Loan 13,663 15,471 (12)%
Individual Loan 4,953 4,304 15%
Affordable Housing# 6,393 4,417 45%
MSME 1,694 1,397 21%
FIG 2,257 1,435 57%
Others^ 1,506 719 109%
Secured Book (%) 40% 28%
Disbursements 5,360 5,675 (6)%
Micro Group Loan 2,029 3,295 (38)%
Individual Loan 857 1,029 (17)%
Affordable Housing 813 595 37%
MSME 332 106 214%
FIG 596 379 57%
Others^ 732 272 169%

Note – *Includes IBPC/ Securitization of ₹ 199 crore as on Dec’24 | ₹ 1,596 crore as on Dec’23; #Includes M-LAP:
^Includes Vehicle Loans, Gold Loan, Staff Loan, OD-FD & others

Collections & Asset Quality:

Particulars Dec 31, 2024 Sep 30, 2024 Dec 31, 2023
PAR 5.4% 5.1% 3.6%
GNPA 2.7% 2.5% 2.1%

Particulars Dec’24 Nov’24 Oct’24
Collection Efficiency (including foreclosure/ advance etc.) 106% 105% 106%
Collection Efficiency 96% 96% 97%

This intimation shall be available on the Bank’s website at www.ujjivansfb.in

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