Ujjivan Small Finance Bank reported a mixed Q2 FY25 performance, with net profit down 23% at ₹233 crore, compared to ₹328 crore a year ago. However, its net interest income (NII) rose by 9.5% to ₹944 crore.The bank’s net interest margin (NIM) remained healthy at 9.2%.The bank’s gross loan book grew 14% year-on-year (YoY) to ₹30,344 crore, driven by an increase in the secured loan book, which rose to 34.9% as of September 2024 from 31.3% in June 2024.
Asset quality remained stable, with gross non-performing assets (GNPA) at 2.5% and net NPAs at 0.6%.Provisions climbed to ₹151 crore, up from ₹110 crore in the previous quarter and ₹47 crore YoY.
The bank also reported a write-off of ₹140 crore during the quarter.Deposits grew 17% YoY to ₹34,070 crore, with current account savings account (CASA) deposits rising 26% YoY. The CASA ratio improved slightly to 25.9% from 25.6% in the previous quarter. Disbursements for the quarter totaled ₹5,376 crore, down 6% YoY…
