Ujjivan Small Finance Bank (USFB) has reported a significant 17% year-on-year (YoY) growth in total deposits for the quarter ending September 30, 2024, reaching ₹34,046 crore. This represents a 5% increase over the previous quarter (Q1 FY25), showcasing strong momentum in the bank’s deposit base. The CASA (Current Account Savings Account) book saw an impressive 26% YoY growth, now standing at ₹8,822 crore, contributing to a CASA ratio of 25.9%.
The bank’s Gross Loan Book also recorded a 14% YoY growth, now at ₹30,344 crore. Affordable housing continued to be a key driver of growth, with disbursements in this segment rising 40% YoY to ₹758 crore. The secured loan book has strengthened, making up 34.8% of the total loans.
Kolkata continues to play a vital role in Ujjivan’s growth, contributing significantly to its expanding deposit base and loan disbursements, particularly in the affordable housing sector. The city’s evolving financial ecosystem is expected to support further growth in the coming quarters. Despite the growth, the bank’s asset quality showed slight deterioration, with Gross Non-Performing Assets (GNPA) rising to 2.5% from 2.2% in Q2 FY24. Collection efficiency dropped marginally to 97%.The Q2 FY25 results are provisional and subject to audit.
