Ujjivan Small Finance Bank Ltd Share Price – NSE /  BSE

Banks, Small Cap

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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Ujjivan Small Finance Bank has approved a proposal for sale of NPA and written-off loans to ARC as listed below:

- MicroBanking Pool size of Rs. 270.35 crores [Rs. 207.98 crores NPA [DPD 180+] and Rs. 62.36 crores written off.

- Bank carries an overall provision of 85.61% on the above pool

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Kamath has been appointed as the CFO of the bank in order to fill the vacancy caused by the early retirement of erstwhile CFO, Ramesh Murthy. He will take charge on or before 3 January 2025.

Kamath is a qualified CA and CS with over 30 years of experience in corporate finance and corporate governance. He has multi-functional experience of around 27 years of working in Tata Group out of which 18 years in various senior positions (CFO/CS/Compliance Officer) across key group companies.

He is presently in employment with Credit Access Grameen where he was designated as the CFO from 2020 till August 2024.

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 declined 3.89% to close at Rs 36.59 on Thursday, 24 October 2024.

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