The second quarter of 2022, which concluded in September, saw advances at Ujjivan Small Finance Bank increase by 44% year over year (YoY), reaching Rs20,938 crore (Q2 FY23). Sequentially, at the end of June 2022, its loan portfolio increased by 8% to Rs19,409 crore (Q1 FY23).
According to a bank filing with the BSE, disbursement for Q2 FY23 was around Rs4,867 crore, up 46% year over year and 12% quarter over quarter. On the BSE, Ujjivan SFB stock was trading at Rs24.05 per share, up 3.66 %. In Ujjivan, a former microfinance institution, micro group loans increased by 54% year over year to Rs12,033 crore. Over 50% of all loans still go to this sector. Loans for affordable housing increased by 33% year over year to Rs3,079 crore.
In terms of raising money, Ujjivan had a gain in deposits of 45% YoY to Rs20,389 crore at the end of Q2 FY23. From Rs18,449 crore at the end of June 2022, it increased sequentially by 11%. (Q2 FY23). Retail term deposits inside deposits grew more quickly (71 % YoY) to Rs12,416 crore at the end of September 2022.
At the end of September 2022, the percentage of current and savings accounts (CASA) with low costs increased from 22.5 to 26.9 %. However, from 27.9% in June 2022, the percentage of CASA deposits decreased consecutively.
The bank claimed that the collection efficiency was kept at 99 % or above, with good collections being reported for the book of restructured and non-performing assets (NPAs). It keeps putting emphasis on strained buckets and cutting down on incremental overdues. Gross NPAs decreased from 5.6 % in July 2022 to 4.4 percent in September 2022.
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