Ujjivan Small Finance Bank Disbursements increase by120%, CASA ratio hops on to 26%

12 Jan 2022 , 12:45 PM

Ujjivan SFB has announced its Q3 results and reported improved and better asset quality numbers. The collection efficiency has improved and the Gross NPA ratio has reduced for the quarter.

On the business front, the Gross Loan Book of Ujjivan SFB as of December 31, 2021, stood at INR 166 billion, showing a growth of 22 percent Y-o-Y and 15 per cent Q-o-Q. Q3 FY22 disbursements closed at INR 48 billion rising by 120 per cent Y-o-Y and 54 per cent Q-o-Q.

Total Deposits stood at INR 156 billion witnessing a healthy 34 percent Y-o-Y growth, and 10% Q-o-Q growth. The CASA closed at Rs 41 billion as of December 2021, registering 100% growth. CASA ratio recorded a growth of 8% (y-o-y basis) for the December 2021 Quarter, as against the ratio of 18% for December 2020. 

The collection efficiency improved from 94 percent in October 2021 to 97 percent in December 2021.

During Q3 FY22, PAR has reduced m-o-m from 18.5 percent in October 2021 to 17.1 percent in November 2021 to 15.6 percent in December 2021. While GNPA has come down gradually from 11.6 percent in October 2021 to 11.2 percent in November 2021 to 10.5 percent in December 2021.

Ujjivan Financial Services Ltd is currently trading at Rs143 down by Rs0.15 or 0.1% from its previous closing of Rs143.15 on the BSE. The scrip opened at Rs143.95 and has touched a high and low of Rs144.25 and Rs141.95 respectively.