Ujjivan Small Finance Bank reported a year-on-year increase of 16% in total deposits

Ujjivan Small Finance Bank has revealed its business highlights for the quarter ended December 31, 2024. The highlights demonstrate considerable increase in deposits and lending across key areas despite a challenging economic situation. 

According to the bank's regulatory filings with the Bombay Stock Exchange and the National Stock Exchange of India, total deposits increased by 16% YoY to ₹34,496 crore as on December 31, 2024, from ₹29,669 crore during the same period the previous year. Additionally, deposits into the Current Account Savings Account (CASA) increased by 15% to ₹8,657 crore. 

The bank's secured loan book currently accounts for 40% of its total portfolio, up from 28% in December 2023, indicating a focus on increasing asset quality. Growth in categories such as affordable housing and MSME shows a strategic shift towards more sustainable and diverse lending methods

 

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