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.
Source : https://economictimes.indiatimes.com/industry/banking/finance/banking/sharp-rise-in-lending-for-both-ujjivan-and-dhanlaxmi-bank/articleshow/90668179.cms