Ujjivan Small Finance Bank Reports 22% Jump In Total Deposits In June Quarter

Ujjivan Small Finance Bank Ltd. reported an advance of 22% in deposits at Rs 32,500 crore in the April–June quarter, according to provisional figures released by the bank.

The bank's gross loan book rose 19% on a yearly basis to Rs 30,091 crore in the first quarter, as compared to Rs 25,326 crore in the same period last year, according to an exchange filing on Thursday.

CASA ratio—the proportion of deposits that come from low-cost current and savings accounts—rose to 25.6% from 24.6% in the year ago period. A higher CASA ratio indicates a lower cost of funds, since lenders don't usually give any interest on current account deposits and the interest on saving accounts is low.

The bank reported loan disbursements at Rs 5,305 crore in comparison to Rs 5,284 in the year-ago period. The gross non-profit asset percentage was at 2.3%.

Shares of Ujjivan Small Finance Bank closed 0.45% lower at Rs 52.66 apiece, as compared to a 0.06% advance in the NSE Nifty 50.