Sharp rise in lending for both Ujjivan and Dhanlaxmi Bank

Ujjivan Small Finance Bank disbursed Rs 4870 crore in the December quarter, its highest ever quarterly disbursement, while asset quality improved with 100% collection efficiency in March in step with steady economic recovery.

The bank’s gross loan portfolio grew 20% year-on-year to Rs 16543 crore. Its microfinance portfolio at Rs 10,979 crore accounted for 67% of the total loans, the bank said in a regulatory filing to stock exchanges.

Its gross non-performing assets ratio fell to 7.1% at the end of March from 9.8% three months prior to that while portfolio at risk came down to 9.6% from 14.9% over the same period.

Deposit mobilisation rose 17.5% to Rs 18287 crore at the end of March.

Meanwhile, private sector Dhanlaxmi Bank also reported 18.6% jump in gross advances to Rs 8446 crore and 5.8% rise in deposits to Rs 12393 crore, reflecting improving credit demand across the spectrum.

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