Ujjivan Small Finance Bank (USFB) has reported strong growth in its financial performance for the quarter ended December 31, 2024, with a 16% increase in total deposits, reaching ₹34,496 crore compared to ₹29,669 crore in the same period last year. The bank’s CASA deposits also grew by 15%, standing at ₹8,657 crore.
On the assets front, the gross loan book rose by 10% to ₹30,466 crore, driven by notable growth in affordable housing loans (45%), MSME loans (21%), and a 57% increase in the FIG segment. The secured loan book expanded significantly to 40% from 28% last year, highlighting the bank’s focus on securing its portfolio.
However, asset quality saw a slight dip, with the GNPA ratio rising to 2.7% from 2.1% in December 2023. Despite this, collection efficiency remained robust at 106% in December 2024. Kolkata continues to play a pivotal role in the bank’s performance, particularly in MSME and affordable housing sectors. The increasing demand for financial products tailored to small businesses and affordable housing solutions has strengthened Ujjivan’s position in the region, enabling it to capitalize on growth opportunities.
