Bengaluru, January 23, 2025: Ujjivan Small Finance Bank Ltd. [BSE: 542904; NSE: UJJIVANSFB] reported a solid financial performance for Q3FY25, marked by diversification in its asset mix and a significant rise in secured loans. The gross loan book grew 10% year-on-year (YoY) to ₹30,466 crore, with secured loans contributing 39% of the portfolio, up from 35% in September 2024.
The bank’s deposits surged 16.3% YoY to ₹34,494 crore, driven by a 15% growth in CASA, which now accounts for 25.1% of total deposits. Collection efficiency improved to 96%, with bucket X efficiency for group and individual loans rising to 99.3% in December 2024.
In Kolkata, Ujjivan’s expanding product portfolio has been well-received by the city’s growing customer base. With an emphasis on secured loans and competitive interest rates for group and individual borrowers, the bank is poised to tap into the city’s dynamic financial landscape, particularly targeting small traders and salaried professionals. Commenting on the results, MD & CEO Sanjeev Nautiyal said, “Our diversification strategy is yielding results, with secured loans showing 52% YoY growth. We remain committed to responsible lending and customer-centric initiatives.”
