Ujjivan Small Finance Bank

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The Reserve Bank on Friday said it has imposed penalties totalling Rs 68.1 lakh on two banks -- Nainital Bank and Ujjivan Small Finance Bank -- for contravention of regulatory norms. A penalty of Rs 61.40 lakh was imposed on Nainital Bank Ltd for non-compliance with certain directions on Interest Rate on Advances' and Customer Service in Banks', RBI said in a statement. Further, RBI imposed a penalty of Rs 6.70 lakh on Ujjivan Small Finance Bank for non-compliance with certain directions issued by RBI on Loans and Advances - Statutory and Other Restrictions'. RBI also levied a penalty of Rs 5.80 lakh on Shriram Finance, a non-banking entity, for non-compliance with certain provisions, including Know Your Customer (KYC ) guidelines and directions on Data Format for Furnishing of Credit Information to Credit Information Companies'. The penalties are based on the deficiencies in regulatory compliance and are not intended to pronounce upon the validity of any transaction or agreement .

Ujjivan SFB is the second lender after AU SFB to seek a voluntary transition into a universal bank

Ujjivan Small Finance Bank on Thursday reported a 64 per cent drop in net profit to Rs 103 crore for the third quarter ended December 2024, as provisions for bad loans increased. The lender earned a net profit of Rs 300 crore in the year-ago period. However, the total income rose to Rs 1,763 crore in the quarter under review from Rs 1,655 crore a year ago, Ujjivan Small Finance Bank said in a regulatory filing. The bank would soon move the Reserve Bank for transition to a universal bank, having received approval from the board. The interest income of the bank improved to Rs 1,591 crore in the quarter from Rs 1,471 crore in the same quarter a year ago. The bank's asset quality deteriorated, with gross non-performing assets (NPAs) rising to 2.68 per cent of gross advances at the end of the December 2024 quarter from 2.18 per cent a year ago. Its net NPAs or bad loans also rose to 0.56 per cent against 0.17 per cent in the year-ago period. Provisions other than tax and contingencie

A stress loan portfolio refers to a collection of loans held by a financial institution that is experiencing financial difficulties or signs of distress

Of the Rs 270 crore worth of loans, around Rs 208 crore are non-performing loans, and the remaining Rs 62.36 crore worth of loans have been written off by the bank

Ujjivan Small Finance Bank on Thursday reported a 29 per cent decline in net profit to Rs 233 crore for the quarter ended September 2024. The lender earned a net profit of Rs 328 crore in the year-ago period. However, total income rose to Rs 1,820 crore in the quarter under review from Rs 1,580 crore in the same period a year ago, Ujjivan Small Finance Bank said in a regulatory filing. Net interest income of the bank improved to Rs 1,613 crore in the July-September quarter from Rs 1,391 crore in the September 2023 quarter. The bank's asset quality deteriorated with gross non-performing assets (NPAs) rising to 2.52 per cent of gross advances at the end of the September 2024 quarter over 2.35 per cent a year ago. However, net NPAs or bad loans declined to 0.56 per cent against 0.89 per cent in the year-ago period. The Capital Adequacy Ratio of the bank decreased to 23.38 per cent from 25.19 per cent at the end of September 2023.

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The deposits grew by 22 per cent YoY to Rs 32,514 crore

In the domestic market, foreign institutional investors (FIIs) offloaded shares worth Rs 92.95 crore, on May 18. Meanwhile, domestic institutional investors (DIIs) sold shares worth Rs 152.87 crore

Ujjivan SFB's gross and net NPA ratio were 2.1 per cent and 0.3 per cent in March 2024. The ratios were at 2.6 per cent and 0.4 per cent as on March 2023

Third CEO in five years; current CEO Davis to be relieved early

AU Small Finance Bank has recorded profits for the previous two fiscal years, and maintained gross and net non-performing assets below 3% and 1%, respectively, as mandated by the RBI

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The bank's capital adequacy ratio saw an impact of 80 basis points after the Reserve Bank of India's (RBI's) decision to increase the risk weight on personal, unsecured, and other loans

There is nothing to stop our firm from turning into a Universal Bank, said Ittira Davis, managing director and chief executive officer of Ujjivan Small Finance Bank

Ujjivan Small Finance Bank on Friday reported 11 per cent rise in net profit at Rs 328 crore for the second quarter ended September 30 on the back of fall in bad loans. The Bengaluru-based bank had posted a net profit of Rs 294 crore for the year-ago period. Total income in the September quarter increased to Rs 1,580 crore from Rs 1,140 crore a year ago, Ujjivan Small Finance Bank said in a regulatory filing. Interest income grew to Rs 1,391 crore from Rs 993 crore in the corresponding quarter a year ago. The bank's asset quality improved with gross non-performing assets (NPAs) declining to 2.35 per cent of gross advances as of September 30, 2023, against 5.06 per cent at the end of September 2022. However, net NPAs increased marginally to 0.09 per cent from 0.04 per cent. Capital Adequacy Ratio of the bank declined to 25.19 per cent from 26.70 per cent at the end of the same quarter last fiscal.