USFB’s total deposits increased 16% year-on-year to Rs 34,496 crore, up from Rs 29,669 crore in the year-ago period.
Financial institutions’ CASA (current accounts), a measure of low-cost deposits, grew 15% year-on-year to Rs 8,657 crore compared to Rs 7,556 crore in Q3 FY24. This trend indicates an increasing proportion of low-cost deposits, contributing positively to banks’ funding profiles.
The bank’s credit-to-deposit ratio was 88%, down from 94% in the previous quarter, indicating balanced growth in deposits and loans.
Indicative of steady growth in the microfinance and personal loans segment, Ujjvan’s total loan book grew by 10% year-on-year to reach Rs 30,466 crore compared to Rs 27,743 crore in Q3 FY24. did.
There was some pressure on asset quality as the bank’s gross non-performing assets (GNPA) ratio rose to 2.7% from 2.5% in the previous quarter and 2.1% year-on-year.
Ujjvan Small Finance Bank reported collection efficiency of 96%, in line with the previous quarter’s performance and slightly lower than 97% in the year-ago period. Despite the rise in GNPA, banks’ recovery efficiency remains strong, indicating effective loan recovery practices.
The bank’s disbursements in the third quarter stood at Rs 5,396 crore, down 6% compared to Rs 5,675 crore in Q3 FY24.
#3Q Business Update | Ujjivan Small Finance Bank
Total deposits increased by 16% YoY to ₹34,496 Cr vs. ₹29,669 Cr
CASA ₹8,657 Cr vs. ₹7,556 Cr, up 15% YoY
Credit deposit ratio is 88% vs. 94%
Total loan balance increased by 10% YoY to 30,466 Cr vs. 27,743 Cr
GNPA is 2.7% QoQ 2.5%, YoY 2.1%… pic.twitter.com/O2dogRUJAM
— CNBC-TV18 (@CNBCTV18Live) January 4, 2025
First Published: January 4, 2025 9:46 PM IST
