Street concerned over Ujjivan SFB's asset quality hit in Q4; stock sinks 3%

Gross non-performing asset (GNPA) ratio rose from 0.97 per cent last year and 0.96 per cent (4.8 per cent as per pro-forma) in Q3FY21 to 7.1 per cent in Q4FY21

Shares of Ujjivan Small Finance Bank tumbled 8.1 per cent to hit an intra-day low of Rs 28 apiece on the BSE on Wednesday, but eventually settled 3.3 per cent lower at Rs 29.6 apiece on the BSE, after the lender's asset quality worsensed in the March quarter. In comparison, the benchmark S&P BSE Sensex ended 0.58 per cent lower.

Gross non-performing asset (GNPA) ratio rose from 0.97 per cent last year and 0.96 per cent (4.8 per cent as per pro-forma) in Q3FY21 to 7.1 per cent in the quarter ended March 2021 which worried Street. Net NPA ratio,