Ujjivan Small Finance Bank has allotted 17,893 equity shares under ESOP on 12 December 2024. Consequently, the paid-up capital of the Bank has increased from Rs. 19,34,52,58,120 to 19,34,54,37,050. Powered by Capital Market - Live

In a regulatory filing, the bank confirmed that as of 27 November 2024, it had completed the sale of a stressed loan portfolio, including written-off loans, with an outstanding value of Rs 270.35 crore as of 30 September 2024. The transaction, conducted through the Swiss Challenge Method, was sold to the ARC for a consideration of Rs 40.55 crore. Earlier, on 15 November 2024, the bank's authorized board committee had approved the proposal for the sale of these NPAs and written-off loans to the ARC. Ujjivan Small Finance Bank serves approximately 92 lakh customers through 752 branches and 23,746 employees spread across 326 districts and 26 states and union territories in India. The bank reported 28.89% decline in net profit to Rs 233.03 crore despite of 15.20% rise in total income to Rs 1,820.04 crore in Q2 FY25 over Q2 FY24. Powered by Capital Market - Live

The bank further informed that the total value of the micro-banking pool is Rs 270.35 crore [Rs. 207.98 crores NPA [DPD 180+] and Rs. 62.36 crore written off]. The bank carries an overall provision of 85.61% on the above pool. Ujjivan Small Finance Bank serves approximately 92 lakh customers through 752 branches and 23,746 employees spread across 326 districts and 26 states and union territories in India. The bank reported 28.89% decline in net profit to Rs 233.03 crore despite of 15.20% rise in total income to Rs 1,820.04 crore in Q2 FY25 over Q2 FY24. The scrip shed 0.90% to end at Rs 33.97 on the BSE yesterday. Powered by Capital Market - Live

Ujjivan Small Finance Bank has approved a proposal for sale of NPA and written-off loans to ARC as listed below: - MicroBanking Pool size of Rs. 270.35 crores [Rs. 207.98 crores NPA [DPD 180+] and Rs. 62.36 crores written off. - Bank carries an overall provision of 85.61% on the above poolPowered by Capital Market - Live

Kamath has been appointed as the CFO of the bank in order to fill the vacancy caused by the early retirement of erstwhile CFO, Ramesh Murthy. He will take charge on or before 3 January 2025. Kamath is a qualified CA and CS with over 30 years of experience in corporate finance and corporate governance. He has multi-functional experience of around 27 years of working in Tata Group out of which 18 years in various senior positions (CFO/CS/Compliance Officer) across key group companies. He is presently in employment with Credit Access Grameen where he was designated as the CFO from 2020 till August 2024. Ujjivan Small Finance Bank serves approximately 92 lakh customers through 752 branches and 23,746 employees spread across 326 districts and 26 states and union territories in India. The bank reported 28.89% decline in net profit to Rs 233.03 crore despite of 15.20% rise in total income to Rs 1,820.04 crore in Q2 FY25 over Q2 FY24. The scrip declined 3.89% to close at Rs 36.59 on Thursday, 24 October 2024.Powered by Capital Market - Live

Ujjivan Small Finance Bank has appointed S. Balakrishna Kamath as the Chief Financial Officer of the Bank. Kamath will take charge on or before 03 January 2025. Powered by Capital Market - Live

However, total income jumped 15.20% YoY to Rs 1,820.04 crore in the quarter ended 30 September 2024. Profit before tax stood at Rs 310.29 crore in Q2 FY25 as against Rs 436.44 crore reported in the same period last year. Net Interest Income (NII) grew by 14.70% to Rs 944 crore in Q2 FY25 from Rs 823 crore posted in the same quarter a year ago. Net interest margin improved to 9.2% in Q2 FY25 as compared with 8.8% registered in Q2 FY24. Pre Provisioning Operating Profit (PPoP) stood at Rs 461 crore in Q2 FY25, registering de-growth of 4.55% from Rs 483 crore in Q2 FY24. As of 30 September 2024, the bank's gross non-performing assets (NPAs) stood at Rs 749.96 crore, an increase from Rs 697.24 crore as of 30 June 2024 and Rs 585.80 crore as of 30 September 2023. The bank's NPAs to gross advances stood at 2.52% in Q2 FY25, unchanged from Q1 FY25 and up from 2.35% recorded in Q2 FY24. The ratio of net NPAs to net advances was at 0.56% as on 30 September 2024 as against 0.41% as on 30 June 2024 and 0.09% as on 30 September 2023. In Q2 FY25, the write-off was at Rs 140 crore and the provision coverage ratio as of September 2024 is 78%. The gross loan book stood at Rs 30,344 crore, registering a 14% YoY growth and a 1% rise QoQ. As of September 2024, the secured loan book is at 34.9% as compared to 31.3% recorded in June 2024. Disbursements in Q2 FY25 amounted to Rs 5,376 crore, reflecting a decrease of 6% YoY and increase of 2% QoQ. As of September 2024, deposits stood at Rs 34,070 crore, up 17% YoY and 5% QoQ. The bank's CASA (Current Account Savings Account) deposits stood at Rs 8,832 crore, reflecting a 26% YoY increase. The CASA ratio was 25.9% as of September 2024, up from 25.6% in June 2024. Retail term deposits (TDs) was at Rs 15,914 crore, registering a 35% increase YoY and a 2% rise QoQ. The capital adequacy ratio at 23.4%, with Tier-1 capital at 21.6%. The provisional daily average liquidity coverage ratio (LCR) for September 2024 was 130%. Sanjeev Nautiyal, MD & CEO, Ujjivan Small Finance Bank said, 'Ujjivan has always stood strong and successfully navigated headwinds in the industry. Similarly, our resilient business model and sound reading of the on-ground situation has always kept us better prepared to identify and manage such issues confidently. As we had mentioned in our previous interactions, we had emanated pockets of stress across the country due to elevated indebtedness levels. Hence, we have proactively developed a cautious approach in terms of growth in microfinance space and have beefed up our vigilance to manage asset quality. Ujjivan has constantly strategized to de-risk its portfolio by introducing more secured products in its offerings. In last 18 months Bank has launched products like Micro Mortgages, Gold Loan, Vehicle Loan, Agri and Working Capital (SME) loans and they are increasingly contributing to the overall asset book each month. This also reflects in our faster growth in secured asset portfolio, growing 12% sequentially.' Ujjivan Small Finance Bank serves approximately 92 lakh customers through 752 branches and 23,746 employees spread across 326 districts and 26 states and union territories in India. Powered by Capital Market - Live

Net profit of Ujjivan Small Finance Bank declined 28.90% to Rs 233.03 crore in the quarter ended September 2024 as against Rs 327.74 crore during the previous quarter ended September 2023. Total Operating Income rose 15.93% to Rs 1612.79 crore in the quarter ended September 2024 as against Rs 1391.14 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Total Operating Income1612.791391.14 16 OPM %47.8758.63 - PBDT310.29436.44 -29 PBT310.29436.44 -29 NP233.03327.74 -29 Powered by Capital Market - Live

Ujjivan Small Finance Bank will hold a meeting of the Board of Directors of the Company on 24 October 2024Powered by Capital Market - Live

Ujjivan Small Finance Bank has allotted 2,77,670 equity shares under ESOP on 09 October 2024. Consequently, the paid up equity share capital has increased from Rs. 19,34,18,42,430 to 19,34,46,19,130.Powered by Capital Market - Live