Sharp rise in lending for both Ujjivan and Dhanlaxmi Bank

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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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