Shares of Ujjivan Financial Services (UFSL) hit a fresh 52-week high of Rs 295.35 as they surged 6 per cent on the BSE in Tuesday's intra-day trade
In Q2FY23, Ujjivan Small Finance Bank's gross loan book jumped 44 per cent YoY to Rs 20,938 crore on the back of sustained growth in disbursement
Lender reports 45% growth in deposits to Rs 20,389 crore at the end of the quarter
Ujjivan Small Finance Bank on Thursday closed the qualified institutional placement through which it raised Rs 475 crore by issuing over 22.6 crore shares. The Small Finance Bank (SFB) issued a total of 22,61,90,476 equity shares at an issue price of Rs 21 per piece. The Qualified Institutions Placement (QIP) issue had opened on September 12. The meeting of the Merger and Placement Committee of the board of directors approved the closure of the issue period for the issue on September 15, it said in a regulatory filing. Shares of Ujjivan SFB settled 0.59 per cent down at Rs 25.25 apiece on the BSE.
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Ujjivan Small Finance Bank (SFB) on Monday launched its QIP (Qualified Institutional Placement) with a floor price of Rs 21.93 per share to meet the regulatory requirement ahead of merger with its parent company. In February this year, the lender had informed raising of up to Rs 600 crore by issuing shares to qualified institutional buyers in order to meet the regulatory requirements for amalgamation with its parent firm Ujjivan Financial Services. The Merger and Placement Committee of the board has, at its meeting held on September 12, 2022, passed resolutions for authorising the opening of the issue today and approved the floor price for the issue at Rs 21.93 per equity share, Ujjivan SFB said in a regulatory filing. Floor price refers to the minimum price in a share issuance programme. Ujjivan SFB said a meeting of the Merger and Placement Committee of the board is scheduled to be held on September 15, 2022 to consider and approve the issue price, including any discount. An ...
'The retail deposit mobilisation is our focus right now. We'd like to grow the retail base - all our branches are working towards it'
Ujjivan Small Finance Bank has raised interest rate on fixed deposits by up to 1.5 per cent
The Bengaluru-based microfinancier-turned-small finance bank is also expecting to hit over 30 per cent this fiscal and take its loan book to around Rs 25,500 crore
Bank's total income during April-June period of 2022-23 rose by 40 per cent to Rs 1,000.42 crore, as against Rs 714.67 crore in same quarter of 2021-22, Ujjivan SFB said in a regulatory filing.
Ujjivan Small Finance Bank said it brought down its gross bad loans proportion to sub-6 per cent as of April-June quarter, while its advances registered a growth of over 38 per cent to Rs 19,409 crore
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Ujjivan Small Finance Bank, after facing headwinds amid the COVID-19 pandemic, is charting out a more balanced growth path by increasing its secured loan book to 50 per cent of total assets in 2 years
Ujjivan Small Finance Bank (SFB) on Thursday reported a 7 per cent decline in its net profit to Rs 126.5 crore for the last quarter of the fiscal ended in March 2022
The bank has already sought Sebi nod for a scheme of amalgamation to achieve the Minimum Public Shareholding (MPS)
Ujjivan Financial Services has corrected 60 per cent, while Ujjivan Small Finance Bank has slipped 55 per cent from their respective 52-week highs
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The bank had posted a net loss of Rs 279 crore in the corresponding quarter a year ago
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