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Ujjivan SFB reports 44 % YoY growth in advances in Q2, loan book expands

Lender reports 45% growth in deposits to Rs 20,389 crore at the end of the quarter

Ujjivan SFB to raise Rs 600 cr in equity; expects to report profits in Q4
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Ujjivan, which was a Micro finance institution before becoming a bank, saw 54 per cent YoY rise in micro group loans at Rs 12,033 crore

Abhijit Lele Mumbai
Ujjivan Small Finance Bank posted 44 per cent year-on-year (YoY) growth in advances at Rs 20,938 crore in the second quarter ended September 2022 (Q2 FY23). Sequentially, its loan portfolio expanded by eight per cent over Rs 19,409 crore at end of June 2022 (Q1 FY23).

Disbursement for Q2 FY23 stood at approximately Rs 4,867 crore, up 46 per cent YoY and 12 per cent quarter-on-quarter (QoQ), the bank said in a filing with BSE. Ujjivan SFB stock was trading 3.66 per cent at Rs 24.05 per share on BSE.

Ujjivan, which was once a microfinance institution, saw 54 per

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