Friday, February 14, 2025

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%

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