Ujjivan Small Finance Bank records 120% yoy growth in disbursements during Q3, gross loans at Rs166 billion; Stock jumps 8%

7 Jan 2022 , 12:58 PM

Ujjivan Small Finance Bank posted a gross loan of Rs166 billion in Q3FY22 rising by 22% yoy and 15% qoq. The Bank’s disbursement stood at Rs48 billion in the quarter increased by a whopping 120% yoy and 54% qoq.

Meanwhile, total deposits were at Rs156 billion in Q3FY22 up by 34% yoy and 10% qoq. Retail and CASA deposits stood at Rs83 billion and Rs41 billion higher by 50% yoy and 100% yoy respectively.

CASA ratio stood at 26% in Q3FY22 versus 18% in Q3FY21 and 22% in Q2FY22.

Under the asset quality parameters, the company’s Collection Efficiency (including additional collections) was at 112% in December 2021 higher than 107% in the previous two months (October and November) of the third quarter.

The Bank’s gross NPA stands at 10.5% in December 2021, while it stood at 11.2% and 11.6% in November and October of 2021.

At around 12.52 pm, the stock was trading at Rs21.45 per piece up by 7.8% on Sensex. The stock has touched an intraday high of Rs22.25 per piece.