Punjab News Network

Ujjivan SFB Increases By Over 6% Following A 27% Gain in the Loan Book in Q3; Specifics

<p>Ujjivan Small Finance Bank Ltd.’s shares increased by more than 6% on Thursday after a spike in total deposits during the third quarter.</p>
<p><img decoding=”async” class=”alignnone wp-image-338172″ src=”https://www.theindiaprint.com/wp-content/uploads/2024/01/theindiaprint.com-ujjivan-sfb-increases-by-over-6-following-a-27-gain-in-the-loan-book-in-q3-specifi-750×500.jpg” alt=”theindiaprint.com ujjivan sfb increases by over 6 following a 27 gain in the loan book in q3 specifi” width=”1169″ height=”779″ title=”Ujjivan SFB Increases By Over 6% Following A 27% Gain in the Loan Book in Q3; Specifics 6″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2024/01/theindiaprint.com-ujjivan-sfb-increases-by-over-6-following-a-27-gain-in-the-loan-book-in-q3-specifi-750×500.jpg 750w, https://www.theindiaprint.com/wp-content/uploads/2024/01/theindiaprint.com-ujjivan-sfb-increases-by-over-6-following-a-27-gain-in-the-loan-book-in-q3-specifi-1024×682.jpg 1024w, https://www.theindiaprint.com/wp-content/uploads/2024/01/theindiaprint.com-ujjivan-sfb-increases-by-over-6-following-a-27-gain-in-the-loan-book-in-q3-specifi-768×512.jpg 768w, https://www.theindiaprint.com/wp-content/uploads/2024/01/theindiaprint.com-ujjivan-sfb-increases-by-over-6-following-a-27-gain-in-the-loan-book-in-q3-specifi-1536×1024.jpg 1536w, https://www.theindiaprint.com/wp-content/uploads/2024/01/theindiaprint.com-ujjivan-sfb-increases-by-over-6-following-a-27-gain-in-the-loan-book-in-q3-specifi-150×100.jpg 150w, https://www.theindiaprint.com/wp-content/uploads/2024/01/theindiaprint.com-ujjivan-sfb-increases-by-over-6-following-a-27-gain-in-the-loan-book-in-q3-specifi.jpg 2000w” sizes=”(max-width: 1169px) 100vw, 1169px” /></p>
<p>The NSE price of Ujjivan Small Finance Bank’s shares was Rs 59.95 at 9:24 a.m.</p>
<p>For the quarter ending in December of FY24, Ujjivan Small Finance Bank had strong success. The total amount of deposits increased by a robust 29% year over year to Rs 29,869 crore.</p>
<p>Additionally, the gross loan book showed a noteworthy YoY rise of 27%, coming in at Rs 27,791 crore for the quarter. Deposits and the gross loan book increased by 3% and 5%, respectively, in consecutive order.</p>
<p>The Current Account Savings Account (CASA) had a 24 percent year-over-year growth to Rs 7,549 crore, with a quarterly gain of 8 percent.</p>
<p>The CASA ratio rose from 24.1 percent in Q2FY24 but decreased slightly to 25.3 percent in Q3FY24 from 26.2 percent in Q3FY23. During the quarter, disbursements decreased by 1% from the prior quarter but increased by 17% YoY to Rs 5,675 crore in December FY24.</p>
<p>Over the last six months, the shares of Ujjivan Small Finance Bank have returned 41.97 percent. In contrast, the benchmark Bank Nifty index has returned 5.31% throughout the same time period.</p>

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