Ujjivan Small Finance Bank: Ujjivan Small Finance Bank Announces 38% Loan Growth and NPA Reduction

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said its gross advances grew by 38% year-on-year to Rs 19,409 crore while the quality of its assets improved sequentially, supported by steady repayment collections.

The trade updates help dispel the fear of a possible slowdown in activity following spiraling inflation and rising interest rates to counter it.

The bank’s overall lending growth was largely boosted by a 39% expansion of advances under the micro banking segment which reached Rs 13,364 crore, while affordable housing and business lending books grew. showed similar growth imprints, albeit on a low base. Its affordable housing loans stood at Rs 2,905 crore while business loans reached Rs 1,767 crore.

Sustained traction in inflow efficiency allowed the portfolio at risk to fall to 7.9% at the end of June, from 9.6% three months earlier. The bank’s gross non-performing assets fell to 5.9% from 7.1% over the same period.

Ujjivan’s total deposits rose 35% year-on-year to Rs 18,433 crore, supported by a growing focus on granular retail deposits, which saw a 65% annual jump to 10,761 crore rupees.

AU Small Finance Bank on Monday reported loan growth of 42%. The growth figures of the banks suggest a resilient consumption model and the renewal of income-generating activities by the economically weaker population.

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