Ujjivan SFB has announced its Key Business Numbers for the quarter ending December 31, 2023.
Please find attached and enclosed the key business highlights of Ujjivan Small Finance Bank for the quarter ended December 31, 2023.
Request you to use the same in your esteemed publication.
Key Business Highlights for the Quarter ended December 31, 2023:
Deposits: Healthy CASA accretion
- Total deposits grew 29%/3% YoY/QoQ to ₹ 29,869 crore from ₹ 23,203 crore/ ₹ 29,139 crore in Dec’22/ Sep’23
- Excess system liquidity moderated further during the quarter
- Strong traction in CASA, up 24%/8% YoY/QoQ to ₹ 7,549 crore; CASA (%) of total deposits at 25.3% vs 24.1% in Sep’23
Assets: Focus on growing secured book
- Gross Loan Book* up 27%/5% YoY/QoQ to ₹ 27,791 crore from ₹ 21,895 crore/ ₹ 26,574 crore in Dec’22/ Sep’23
- Disbursement at ₹
- 5,675 crore, up 17% YoY and down 1% QoQ
- Affordable Housing# continues its strong performance with highest ever quarterly disbursement; disbursed ₹ 595 crore up 73%/10% YoY/QoQ
- Secured book inching up at 28.5% Vs 28.1%/ 27.5% as on Dec’22/ Sep’23 as other secured businesses like MSME, micro-mortgage has started to pick-up gradually
- Credit to Deposit ratio at 87.7% Vs 87.4% / 85.4% as on Dec’22/ Sep’23 (excluding IBPC/ Securitisation)
Collections & Asset Quality: Continues to be strong
- Collection continues to be healthy across all buckets
- Credit quality continues to improve with PAR/GNPA at 3.6%/2.1% vs 3.7%/2.2% as on Sep 30, 2023 (including IBPC/Securitisation)