Ujjivan Small Finance Bank Ltd. (BSE: 542904; NSE: UJJIVANSFB) has announced a robust financial performance for the quarter ending September 30, 2024, showcasing a significant growth trajectory. The bank’s gross loan book surged to ₹30,344 crore, reflecting a 14% increase year-on-year, while its secured loan portfolio rose to 34.9%, up from 31.3% in June 2024.
The bank reported a healthy net interest margin (NIM) of 9.2%, with total deposits climbing 17% to ₹34,070 crore. CASA deposits also demonstrated strength, increasing by 26% year-on-year. Despite a slight dip in collections, with collection efficiency at 97%, the bank maintained stable asset quality with GNPA and NNPA ratios at 2.5% and 0.6%, respectively.
In Kolkata , Ujjivan’s strategic push for secured lending products such as micro mortgages and vehicle loans has resonated well, contributing positively to the local economic landscape. As the bank positions itself for future growth, it aims to leverage its strong deposit base and expanding product suite to enhance customer satisfaction and financial inclusion. Sanjeev Nautiyal, MD & CEO, emphasized the bank’s commitment to maintaining a resilient business model amid market challenges, reinforcing its strategy of cautious growth in the microfinance sector.
