| Company | Value | Change | %Change |
|---|
USFB’s total deposits increased by 16% year-on-year (YoY), reaching ₹34,496 crore, up from ₹29,669 crore in the same period last year.
The lender’s CASA (current account savings account), an indicator of low-cost deposits, grew by 15% YoY to ₹8,657 crore, compared to ₹7,556 crore in Q3 FY2024. The trend indicates an increase in the share of low-cost deposits, contributing positively to the bank’s funding profile.
The bank’s credit-deposit ratio stood at 88%, a decline from 94% in the previous quarter, indicating a more balanced growth between deposits and loans.
What indicates steady growth in microfinance and retail loan segments, Ujjivan’s gross loan book grew by 10% YoY, reaching ₹30,466 crore, compared to ₹27,743 crore in Q3 FY2024.
The asset quality front showed some pressure as the bank’s Gross Non-Performing Assets (GNPA) ratio rose to 2.7%, up from 2.5% in the previous quarter and 2.1% YoY.
Ujjivan Small Finance Bank reported a collection efficiency of 96%, in line with the previous quarter’s performance and slightly lower than 97% in the same period last year. Despite the uptick in GNPA, the bank’s collection efficiency remains strong, signaling effective loan recovery practices.
The bank’s disbursements stood at ₹5,396 crore for Q3, down 6% compared to ₹5,675 crore in Q3 FY2024.
#3QBusinessUpdate | Ujjivan Small Finance Bank
Total Deposits Up 16% YoY At ₹34,496 Cr Vs ₹29,669 CrCASA Up 15% YoY At ₹8,657 Cr Vs ₹7,556 Cr
Credit-Deposit Ratio At 88% Vs 94%
Gross Loan Book Up 10% YoY At ₹30,466 Cr Vs 27,743 Cr
GNPA At 2.7% Vs 2.5% QoQ & 2.1% YoY… pic.twitter.com/O2dogRUJAM
— CNBC-TV18 (@CNBCTV18Live) January 4, 2025
First Published: Jan 4, 2025 9:46 PM IST
