Ujjivan Small Finance Bank Ltd. (BSE: 542904; NSE: UJJIVANSFB) has reported impressive financial results for the quarter ending September 30, 2024. The bank’s gross loan book rose by 14% year-on-year to ₹30,344 crore, with secured loans now constituting 34.9% of the total, up from 31.3% in June 2024. NIM remained healthy at 9.2%, while total deposits grew 17% to ₹34,070 crore, reflecting a CASA increase of 26% year-on-year.
The bank’s collection efficiency stood at approximately 97%, with GNPA at 2.5% and NNPA at 0.6%. Ujjivan’s proactive approach to risk management has been pivotal in maintaining asset quality, as evidenced by a strong provision coverage ratio of 78%.
In Kolkata, Ujjivan’s push for secured lending products, including micro mortgages and vehicle loans, has enhanced its appeal among local customers. The bank’s focus on offering tailored financial solutions has strengthened its position, supporting the local economy and driving financial inclusion. Managing Director and CEO Sanjeev Nautiyal reaffirmed the bank’s commitment to a cautious yet strategic growth path, ensuring it remains a key player in the industry.
