Book growth secured NIM at 9.2%, Stable Asset Quality


Ujjivan Small Finance Bank Ltd. reported its financial performance for the quarter ending September 30, 2024. 

The key highlights of their performance in Q2FY25 include:- Assets: Gross loan book increased by 14% YoY to ₹30,344 crore, with secured book at 34. 9% in Sep’24. 

- Collection and Asset Quality: Collection efficiency was around 97% in Sep’24, with portfolio at risk at 5. 1% and GNPA at 2. 5%. 

- Deposits: Deposits rose by 17% YoY to ₹34,070 crore, with CASA deposits up by 26%. 

- Financials: NII was up by 15% YoY to ₹944 crore, with NIM at 9. 2%. PAT stood at ₹233 crore in Q2FY25. 

- Capital and Liquidity: Capital adequacy ratio was at 23. 4%, with Tier-1 capital at 21. 6%. 

The bank's MD & CEO mentioned that the bank has taken a cautious approach due to stress appearing in overall GNPA, introducing stricter norms to ensure quality acquisition. The bank continues to focus on diversifying its portfolio, increasing secured asset portfolio, and improving its service channels to enhance customer experience and drive growth.

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