Ujjivan Small Finance Bank announces its key business numbers for the quarter ending June 30, 2023
Mumbai:
Key Business Highlights for the Quarter ended June 30, 2023:
Deposits being driven by retail mix
- Total deposits grew 44%/4% YoY/QoQ to ₹ 26,655 crore from ₹ 18,449 crore/ ₹ 25,538 crore in Jun’22/Mar’23
- Excess liquidity brought down, moving towards comfortable level
- CASA growth moderate, continued movement from CASA to term deposits; up 27% YoY, down 3% QoQ
Disbursement and Advances: Robust growth continues
- Advances are up 31%/5% YoY/QoQ to ₹ 25,346 crore from ₹ 19,409 crore/ ₹ 24,085 crore in Jun’22/Mar’23
- Disbursement momentum continues to show strength with 22% YoY growth; ₹ 5,280 crore for Q1FY24 – driven by robust growth in Microbanking, Housing and FIG
- Affordable Housing# continues strong quarterly disbursement with ₹ 418 crore up 45% YoY; Gross loan book close to ₹ 3,700 crore book
Collections continue to be strong leading to further improvement in GNPA
- Strong collections across all buckets including restructured and NPA book. NDA collections in MicroBanking at 99.5%+ in line with pre-covid days
- Credit quality continues to improve with PAR/GNPA at 3.8%/2.4% vs 3.8%/2.6% as on Mar 31, 2023
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Ujjivan Bank Q2 2023 Results
