Ujjivan Small Finance Bank Ltd. [BSE: 542904; NSE: UJJIVANSFB] has announced its financial performance for the quarter ended December, 2024. Mr. Sanjeev Nautiyal, MD & CEO, Ujjivan Small Finance Bank said, “Q3FY25 has been a healthy quarter wherein the diversification of loan book is showing consistent improvement.
Our strategy towards more secured book has seen accelerated results contributing 39% to the total asset loan growing 13% QoQ and 52% YoY. These efforts enabled the loan book to grow to ₹ 30,466 crore up 0.4% QoQ and 10% YoY. Being a responsible lender, Bank undertook a proactive decision to effect reduction in interest rates in Group loans (GL) and individual loans (IL) offering competitive rates to our customers w.e.f. January 01, 2025.
This will act as an enabler to acquire quality customers. Post which GNPA/NNPA as on Dec’24 stands at 2.7%/0.6% with a comfortable PCR of 80%. Finally, I am happy to share that we will be shortly moving the application to RBI for transition to a Universal Bank having received approval of the Board in the meeting held today.”
