Ujjivan Small Finance Bank Ltd Share Price – NSE /  BSE

Banks, Small Cap

Ujjivan Small Finance Bank will hold a meeting of the Board of Directors of the Company on 23 January 2025.

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Ujjivan Small Finance Bank has allotted 17,893 equity shares under ESOP on 12 December 2024. Consequently, the paid-up capital of the Bank has increased from Rs. 19,34,52,58,120 to 19,34,54,37,050.

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In a regulatory filing, the bank confirmed that as of 27 November 2024, it had completed the sale of a stressed loan portfolio, including written-off loans, with an outstanding value of Rs 270.35 crore as of 30 September 2024. The transaction, conducted through the Swiss Challenge Method, was sold to the ARC for a consideration of Rs 40.55 crore.

Earlier, on 15 November 2024, the bank’s authorized board committee had approved the proposal for the sale of these NPAs and written-off loans to the ARC.

Ujjivan Small Finance Bank serves approximately 92 lakh customers through 752 branches and 23,746 employees spread across 326 districts and 26 states and union territories in India.

The bank reported 28.89% decline in net profit to Rs 233.03 crore despite of 15.20% rise in total income to Rs 1,820.04 crore in Q2 FY25 over Q2 FY24.

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The bank further informed that the total value of the micro-banking pool is Rs 270.35 crore [Rs. 207.98 crores NPA [DPD 180+] and Rs. 62.36 crore written off].

The bank carries an overall provision of 85.61% on the above pool.

Ujjivan Small Finance Bank serves approximately 92 lakh customers through 752 branches and 23,746 employees spread across 326 districts and 26 states and union territories in India.

The bank reported 28.89% decline in net profit to Rs 233.03 crore despite of 15.20% rise in total income to Rs 1,820.04 crore in Q2 FY25 over Q2 FY24.

The scrip shed 0.90% to end at Rs 33.97 on the BSE yesterday.

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