Ujjivan Small Finance Bank Q4 Update: Deposits Rise 39% To Rs 25,481 crore

CASA deposits increased 35% on-year to Rs 6,733 crore at the end of the March quarter.

Ujjivan Small Finance Bank Ltd. (Source: company website).

Ujjivan Small Finance Bank Ltd.'s total deposits rose 39% to Rs 25,481 crore in March, as compared with Rs 18,292 crore in the year-ago period.

Current account, savings account deposits at the bank increased 35% to Rs 6,733 crore at the end of the March quarter, while the CASA ratio dipped to 26.4% from 27.3%, the lender said in an exchange filing on Wednesday.

The gross loan book at the end of the March quarter stood at Rs 24,114 crore, a rise of 33% in annual terms, led by growth in microbanking, housing and financial institution groups, the lender said.

Disbursements for the quarter increased 23% to Rs 6,001 crore, and 42% to Rs 20,037 crore for the year.

On the asset quality front, gross non-performing assets declined to 2.6% at the end of the March quarter, as against 3.4% in the December quarter.

Collection efficiency stood at 100%, which was the same level recorded in February, and as compared with 99% in January. Collection efficiency, including foreclosures and advances, improved to 117% in March from 112% a month ago.

Shares of Ujjivan Small Finance Bank closed 0.87% higher at Rs 26.56 apiece, against a 0.99% rise in the benchmark Sensex.

Watch LIVE TV, Get Stock Market Updates, Top Business, IPO and Latest News on NDTV Profit.
WRITTEN BY
Vivek Punj
Vivek Punj covers business and markets at NDTV Profit as a Desk Writer. He ... more
GET REGULAR UPDATES