Ujjivan Small Finance Bank Share Price Rise; Approved NPA Sale to ARC

Ujjivan Small Finance Bank’s approved pool for sale includes a MicroBanking portfolio totalling ₹270.35 crore, which comprises ₹207.98 crore of NPAs (categorised as accounts with more than 180 days past due) and ₹62.36 crore of written-off loans.

By offloading NPAs and written-off loans, the bank reduces the burden of non-performing assets on its balance sheet. This enhances the overall asset quality and financial health of the bank.

Q2 FY25 Financial Highlights

As of September 30, 2024, Ujjivan Small Finance Bank reported a gross non-performing assets (GNPA) ratio of 2.52%, marking a modest rise from the 2.3% recorded in June 2024.

Ujjivan Small Finance Bank reported a net profit of ₹233 crore for the quarter ending September 2024, reflecting a decline compared to the ₹328 crore earned in the same period the previous year.

Ujjivan Small Finance Bank reported a rise in total income to ₹1,820 crore for the quarter under review, up from ₹1,580 crore in the same period last year.

Additionally, the bank’s net interest income increased to ₹1,613 crore in the July-September 2024 quarter, compared to ₹1,391 crore in the corresponding quarter of 2023.

Share Price Performance

On November 19, 2024, Ujjivan Small Finance Bank share price traded 1.06% higher at ₹34.27 at 11:35 AM on NSE. The stock opened at ₹33.91 and rose to the day’s high of ₹34.35 in the early session today.

About Ujjivan Small Finance Bank

Ujjivan Small Finance Bank (USFB) is a prominent financial institution in India, specialising in catering to the financial needs of underserved and unbanked segments of the population. Established as a small finance bank in 2017, it evolved from Ujjivan Financial Services, a leading microfinance institution founded in 2005.

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