| Company | Value | Change | %Change |
|---|
The decision, approved by the bank’s authorised board committee, is aimed at strengthening asset quality and improving financial health.
The bank carries an overall provision of 66.51% on the said loan pool, ensuring adequate risk coverage. The proposed transaction was finalised at 3:06 PM today, and Ujjivan SFB has stated that further details will be disclosed upon completion of the deal.
This development comes amid the bank’s efforts to manage asset quality after reporting a rise in gross non-performing assets (GNPA) to 2.68% in Q3 FY25, up from 2.52% in the previous quarter. Net NPA remained stable at 0.56%.Ujjivan SFB’s gross loan book stood at ₹30,466 crore, reflecting a 9.8% year-on-year growth. The secured loan book has grown significantly, accounting for 39.3% of the total loan portfolio as of December 2024, compared to 28.3% a year ago.
Meanwhile, the bank’s collection efficiency has shown improvement, reaching 96% in December 2024. The bucket X collection efficiency for both group and individual loan books stood at an impressive 99.3%. Additionally, the portfolio at risk (PAR) was recorded at 5.4%, with GNPA and net NPA at 2.7% and 0.6%, respectively.
Shares of Ujjivan SFB ended the day at ₹32.38 on the BSE, down 0.55%, reflecting market sentiment post the announcement.
