Ujjivan Small Finance Bank Total Deposits grew 3% QoQ

Ujjivan Small Finance Bank's total deposits increased by 3% quarter-on-quarter (QoQ) to ₹32,500 crore as of June 30, 2024, from ₹31,462 crore in March 2024.

by Damodharan N

Updated Jul 08, 2024

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Ujjivan Small Finance Bank Total Deposits grew 3% QoQ

Ujjivan Small Finance Bank has reported a notable 3% quarter-on-quarter (QoQ) growth in total deposits, reaching ₹32,500 crore as of June 30, 2024. This growth reflects a steady rise from ₹31,462 crore recorded at the end of March 2024. Year-on-year (YoY), the bank's total deposits surged by 22%, up from ₹26,660 crore in June 2023.

The bank's current account savings account (CASA) book also showed robust performance, maintaining stability at ₹8,336 crore compared to the previous quarter, with a significant 27% YoY growth from ₹6,556 crore in June 2023. The CASA ratio stood at 25.6%, slightly down from 26.5% in March 2024.

In terms of assets, Ujjivan's gross loan book increased by 19% YoY to ₹30,091 crore, up from ₹25,326 crore in June 2023, with a marginal 1% QoQ rise from ₹29,780 crore in March 2024.

The bank's secured book proportionately expanded to 31.5%, highlighting a strategic focus on scaling up secured business segments. The credit-to-deposit ratio remained stable at 85.3% compared to the previous quarters, excluding IBPC and securitization.

Asset quality indicators also demonstrated resilience, with Ujjivan maintaining healthy collections across all buckets. The portfolio at risk (PAR) and gross non-performing assets (GNPA) stood at 4.3% and 2.3%, respectively, as of June 2024, showing slight increases from March 2024 levels due to the inclusion of IBPC and securitization.

Collection efficiency remained robust at 107% for June 2024, underscoring the bank's effective management of asset quality despite challenging economic conditions.

Ujjivan Small Finance Bank's performance in Q1 FY25 highlights its steady growth trajectory in deposits and strategic asset management, positioning it well to navigate evolving market dynamics while maintaining a strong focus on customer-centric financial solutions.

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Ujjivan Small Finance Bank

Ujjivan Small Finance Bank is dedicated to promoting financial inclusion across India, primarily targeting underserved and unserved segments of the population. Established as an NBFC in 2005 by its promoter, Ujjivan Financial Services Limited (UFSL).

The bank aims to cater comprehensively to the financial needs of the economically active poor. With a widespread presence across 26 states and union territories, covering 326 districts through 752 banking touchpoints, Ujjivan SFB serves over 8.8 million customers.

The bank's mission revolves around providing accessible and inclusive banking solutions, supported by a dedicated team of over 21,000 bankers committed to serving their clientele.

Ujjivan Small Finance Bank Total Deposits grew 3% QoQ - FAQS

1. How much did Ujjivan SFB's total deposits grow year-on-year (YoY) in June 2024?      

The Total deposits grew by 22% YoY to ₹32,500 crore.

2. What was the Quarter-on-Quarter (QoQ) growth in total deposits for Ujjivan SFB in March 2024?  

The QoQ growth was 3%, reaching ₹31,462 crore.

3. What is the CASA book size for Ujjivan SFB as of June 30, 2024?  

CASA (Current Account Savings Account) book stood at ₹8,336 crore.

4. How much did the CASA book grow year-on-year (YoY)?  

CASA witnessed a growth of 27% YoY.

5. What is the Gross Loan Book size for Ujjivan SFB in June 2024?  

The Gross Loan Book was ₹30,091 crore.

6. What was the YoY growth in Ujjivan SFB's Gross Loan Book in June 2024?  

Ujjivan SFB's Gross Loan Book in June 2024  grew by 19% YoY.

7. How did disbursements by Ujjivan SFB compare between June 2024 and March 2024?  

Disbursements decreased by 21% QoQ to ₹5,305 crore in June 2024.

8. What is the Credit to Deposit ratio for Ujjivan SFB as of June 30, 2024?  

The Credit to Deposit ratio was 85.3%.

9. How did Ujjivan SFB's PAR (Portfolio at Risk) compare between June 2024 and March 2024?  

PAR was 4.3% in June 2024, up from 3.5% in March 2024.

10. What was the Collection Efficiency for Ujjivan SFB in June 2024?  

Collection Efficiency was 107%, indicating strong recovery of dues.

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