Ujjivan Small Finance Bank Ltd Share Price – NSE  /  BSE

Banks, Small Cap

Ujjivan Small Finance Bank's CASA deposits stood at Rs 8,332 crore as of March 2024, up 24% from Rs 6,744 crore as of 31 March 2023. CASA ratio reduced to 26.3% as of March 2024 as against 26.4% recorded in same period last year.

As on 31 March 2024, the bank's gross loan book stood at Rs 29,779 crore, up 24% YoY while disbursements stood at Rs 6,681 crore, up 11% YoY.

Furthermore, Ujjivan's asset quality continues to be strong. The GNPA ratio stood at 2.1% as of 31 March 2024, down significantly from 2.6% as on 31 March 2023.

Additionally, the bank’s collection efficiency improved to 99% in March, as against 98% posted in January and February 2024.

Credit to deposit ratio increased to 86.8% as of March 2024 compared with 85.8% as on March 2023.

Ujjivan Small Finance Bank was established as a non banking financial services company in the year 2005 with the mission to provide a full range of financial services to the ‘economically poor’ who were not adequately served by financial institutions.

The bank reported 2.34% rise in net profit to Rs 300.06 crore on 35.62% jump in total income to Rs 1,655.39 crore in Q3 FY24 over in Q3 FY23.

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Ujjivan Small Finance Bank has appointed Mangesh Ramesh Mahale as the Chief Technology Officer of the Bank w.e.f. 08 February 2024.

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Net profit of Ujjivan Small Finance Bank rose 2.34% to Rs 300.06 crore in the quarter ended December 2023 as against Rs 293.19 crore during the previous quarter ended December 2022. Total Operating Income rose 35.97% to Rs 1470.63 crore in the quarter ended December 2023 as against Rs 1081.59 crore during the previous quarter ended December 2022.

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Ujjivan Small Finance Bank will hold a meeting of the Board of Directors of the Company on 24 January 2024.

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