Ujjivan Small Finance Bank (USFB) has announced impressive financial results for the quarter ending December 31, 2024, marking significant year-on-year growth across key business metrics. Total deposits reached ₹34,496 crore, a 16% increase compared to ₹29,669 crore in the same period last year. The bank’s CASA (Current Account Savings Account) deposits grew by 15%, reaching ₹8,657 crore.
On the asset side, the bank’s gross loan book stood at ₹30,466 crore, up 10% from ₹27,743 crore in December 2023. The affordable housing segment saw the highest growth with a 45% surge, while MSME loans grew by 21%. Ujjivan also saw a substantial rise in the secured book, which increased to 40% from 28% last year.
In terms of asset quality, the bank reported a Gross Non-Performing Assets (GNPA) ratio of 2.7%, up from 2.1% in December 2023. However, collection efficiency remained strong at 106% in December 2024. Kolkata has contributed significantly to the bank’s robust growth, particularly in MSME and affordable housing loans. With increasing demand for affordable housing and MSME financing, Ujjivan is well-positioned to tap into the expanding financial landscape in the region.
