Last updated: October 5, 2024 | 4:04 PM IST
Ujjivan Small Finance Bank (SFB) has total deposits of Rs 34,046 million as on September 30, 2024 as against Rs 29,139 million recorded on September 30, 2023. reported an increase of 17%.
On a quarter-on-quarter (QoQ) basis, total deposits grew by 5% in Q2 FY25 from Rs 32,514 crore as on June 30, 2024.
As of September 30, 2024, the bank’s CASA (current account) deposits stood at Rs 8,822 million, up 26% from Rs 7,012 million in the same period last year to Rs 8,334 million as on June 30. 6% increase from Rs. 2024.
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The CASA ratio improved to 25.9% in September 2024 from 24.1% in September 2023 and 25.6% recorded on June 30, 2024.
As of September 30, 2024, the Bank’s total outstanding loans stood at Rs 30,344 crore, an increase of 14% year-on-year and 1% quarter-on-quarter.
The bank’s total loan book, which includes IBPC (Interbank Participation Certificate) and securitization amount, was Rs 1,685 million as of September 2023 and Rs 2,369 million as of June 2024. In contrast, as of September 2024, it was 578 million rupees. This includes M-LAP (mortgage-linked advance product).
In Q2 FY25, banks reported disbursements of Rs 5,374 crore. This was down 7% year over year, but up 2% compared to the previous quarter. The bank’s PAR (portfolio at risk) ratio improved to 5.1% in Q2 FY25, compared to 3.7% in the same period last year and 4.2% in Q1 FY25.
The bank’s GNPA (gross non-performing assets) ratio was 2.5% as of September 30, 2024, up from 2.2% as of September 30, 2023 and 2.3% as of June 30, 2024. Additionally, collection efficiency increased in the second quarter of FY2025. The reported rate was 97%, down from 98% in Q2 FY2024 and 99% in Q1 FY2025.
Ujjivan Small Finance Bank was established in 2005 as a non-banking financial services company with a mission to provide a full range of financial services to the economically underserved and underserved by financial institutions.
The bank reported a 7.1 per cent decline in net profit to Rs 301.08 crore in Q1 FY25, compared to a net profit of Rs 324.07 crore in Q1 FY24. The bank’s total revenue for the first quarter of FY25 increased by 21.2% year-on-year to Rs 1,774.27 crore.
The counter rose 0.92% to close at Rs 40.45 on Friday, October 4, 2024.
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First published: October 5, 2024 | 3:34 PM IST
