Chennai: 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
Key Business Highlights for the Quarter ended December 31, 2024:
Deposits:
| Particulars (₹ in crore) | Dec 31, 2024 | Dec 31, 2023 | Y-o-Y |
| Total Deposits | 34,496 | 29,669 | 16% |
| CASA | 8,657 | 7,556 | 15% |
| Credit-Deposit Ratio (%) | 88% | 94% |
Assets:
| Particulars (₹ in crore) | Dec 31, 2024 | Dec 31, 2023 | Y-o-Y |
| Gross Loan Book* | 30,466 | 27,743 | 10% |
| Micro Group Loan | 13,663 | 15,471 | (12)% |
| Individual Loan | 4,953 | 4,304 | 15% |
| Affordable Housing# | 6,393 | 4,417 | 45% |
| MSME | 1,694 | 1,397 | 21% |
| FIG | 2,257 | 1,435 | 57% |
| Others^ | 1,506 | 719 | 109% |
| Secured Book (%) | 40% | 28% | |
| Disbursements | 5,360 | 5,675 | (6)% |
| Micro Group Loan | 2,029 | 3,295 | (38)% |
| Individual Loan | 857 | 1,029 | (17)% |
| Affordable Housing | 813 | 595 | 37% |
| MSME | 332 | 106 | 214% |
| FIG | 596 | 379 | 57% |
| Others^ | 732 | 272 | 169% |
Note – *Includes IBPC/ Securitization of ₹ 199 crore as on Dec’24 | ₹ 1,596 crore as on Dec’23; #Includes M-LAP:
^Includes Vehicle Loans, Gold Loan, Staff Loan, OD-FD & others
Collections & Asset Quality:
| Particulars | Dec 31, 2024 | Sep 30, 2024 | Dec 31, 2023 |
| PAR | 5.4% | 5.1% | 3.6% |
| GNPA | 2.7% | 2.5% | 2.1% |
| Particulars | Dec’24 | Nov’24 | Oct’24 |
| Collection Efficiency (including foreclosure/ advance etc.) | 106% | 105% | 106% |
| Collection Efficiency | 96% | 96% | 97% |
