Ujjivan Small Finance Bank (SFB) reported 17% increase in total deposits to Rs 34,046 crore as on 30 September 2024 as against Rs 29,139 crore recorded as on 30 September 2023. On quarter on quarter (QoQ) basis, the total deposits grew by 5% in Q2 FY25 from Rs 32,514 crore as on 30 June 2024.
As of 30 September 2024, the bank’s CASA (current account savings account) deposits stood at Rs 8,822 crore, registering a 26% growth from Rs 7,012 crore in the same quarter last year and a 6% increase from Rs 8,334 crore as of 30 June 2024. The CASA ratio improved to 25.9% in September 2024, up from 24.1% posted in September 2023 and 25.6% recorded in 30 June 2024. As on 30 September 2024, the bank’s gross loan book stood at Rs 30,344 crore, up 14% YoY and 1% QoQ.
The bank’s gross loan book includes IBPC (Inter-Bank Participation Certificates) and securitization amounts of Rs 578 crore as of September 2024, compared to Rs 1,685 crore as of September 2023 and Rs 2,369 crore as of June 2024. This also includes the M-LAP (Mortgage-Linked Advance Product). In Q2 FY25, the banks reported disbursements of Rs 5,374 crore, representing a 7% decline YoY but a 2% increase compared to the previous quarter.
