Banking News

Ujjivan Small Finance Bank’s share of secured portfolio rises to 28.5%


Ujjivan Small Finance Bank said it is focusing on growing the secured portfolio with highest ever quarterly disbursement in affordable housing loan segment.

The bank, which has a lineage of unsecured microfinance business, has seen its secured book inching up to 28.5% at the end of December against 27.5% a year back. A gradual pick-up in other secured businesses like loans to micro and small enterprises and micro mortgage loans also helped, the bank said Wednesday.

Ujjivan’s overall advances grew 27% year-on-year to Rs 27,791 crore, according to the provisional data shared by it with stock exchanges. During the quarter to December 2023, it disbursed Rs 5675 crore worth of loans, reflecting a 17% annual growth. The disbursement was however 1% lower quarter-on-quarter.

The bank’s total deposits grew 29% year-on-year to Rs 29,869 crore with current and savings account (CASA) deposit mobilisation rising 24% to Rs 7549 crore. The low-cost CASA deposits accounted for 25.3% of total deposits of the bank.


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