Ujjivan Small Finance Bank - Q3FY24 Business Update

Ujjivan Small Finance Bank has announced the Business Update for Q3 FY2024.Key Business Highlights for the Quarter ended Dec 31, 2023:

Deposits: Healthy CASA accretion

- Total deposits grew 29%/3% YoY/QoQ to ₹ 29,869 crore from ₹ 23,203 crore/ ₹ 29,139 crore in Dec'22/ Sep'23
- Excess system liquidity moderated further during the quarter
- Strong traction in CASA, up 24%/8% YoY/QoQ to ₹ 7,549 crore; CASA (%) of total deposits at 25.3% vs 24.1% in Sep'23

Assets: Focus on growing secured book

- Gross Loan Book* up 27%/5% YoY/QoQ to ₹ 27,791 crore from ₹ 21,895 crore/ ₹ 26,574 crore in Dec'22/ Sep'23

- Disbursement at ₹ 5,675 crore, up 17% YoY and down 1% QoQ

- Affordable Housing# continues its strong performance with highest ever quarterly disbursement; disbursed ₹ 595 crore up 73%/10% YoY/QoQ

- Secured book inching up at 28.5% Vs 28.1%/ 27.5% as on Dec'22/ Sep'23 as other secured businesses like MSME, micromortgage has started to pick-up gradually

- Credit to Deposit ratio at 87.7% Vs 87.4% / 85.4% as on Dec'22/ Sep'23 (excluding IBPC/ Securitisation)

Collections & Asset Quality: Continues to be strong

- Collection continues to be healthy across all buckets

- Credit quality continues to improve with PAR/GNPA at 3.6%/2.1% vs 3.7%/2.2% as on Sep 30, 2023 (including IBPC / Securitisation)

Note - *Includes IBPC/ Securitization of ₹ 1,596 crore as on Dec'23 | ₹ 1,619 crore as on Dec'22 | ₹ 1,685 crore as on Sep'23 # including Micro-LAP; Figures in parentheses represent negative values

The information with reference to Q3FY24 is provisional and subject to an audit / limited review by the statutory auditors of the Bank

Shares of Ujjivan Small Finance Bank Limited was last trading in BSE at Rs. 56.82 as compared to the previous close of Rs. 56.66. The total number of shares traded during the day was 678191 in over 4371 trades.

The stock hit an intraday high of Rs. 57.29 and intraday low of 56.46. The net turnover during the day was Rs. 38560690.00.

Source : Equity Bulls

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UjjivanSmallFinanceBank INE551W01018 BusinessUpdate Q3FY2024 CASA Deposits Loans