07 Jan , 2022 By : monika singh
New Delhi: Shares of Ujjivan Small Finance Bank NSE 8.77 % (SFB) jumped as much as 12 per cent in early trade on Friday after the lender provided a strong update for the third quarter of the current fiscal.
The lender's gross loan book increased 22 per cent to Rs 16,600 crore from Rs 13,600 crore in the same quarter previous fiscal, whereas it stood at Rs 14,500 crore in September 2021 quarter, 15 per cent lower.
The private bank disbursed Rs 4,800 crore during the December 2021 quarter, a rise of 120 per cent from the December 2020 quarter, when it disbursed Rs 2,200 crore. On a QoQ basis, disbursements jumped 54 per cent.
Following the update, shares of Ujjivan SFB soared 12 per cent to Rs 22.25 on Friday but pared some gains to trade at Rs 21.40 at 9.45 am. It had settled at Rs 19.90 on Thursday.
The BSE barometer Sensex was trading 458.18 points or 0.77 per cent higher at 60,060.02 at the time of writing this report.
Adding more to the regulatory filing, the lender reported a 34 per cent rise in total deposits to Rs 15,600 crore in Q3FY22, compared to Rs 11,600 crore in the corresponding quarter previous fiscal.
The CASA ratio of the bank increased to 26 per cent in the quarter ended on December 31, 2021. This was 22 per cent at the end of the September quarter and 18 per cent by the previous December quarter.
Listed in December 2019, Ujjivan SFB is trading below its issue price of Rs 37 apiece. The counter has erased more than half of its value from its peak of Rs 44.50 scaled in July 2021.
The collection efficiency for the month of December has improved to 97 per cent, while loan disbursements for the quarter grew 120 per cent year-on-year to Rs 4,800 crore.
Its collection efficiency was 95 per cent in November and 94 per cent in October. The bank's gross non-performing assets ratio has improved in tandem to 10.5 per cent at the end of December from 11.8 per cent three months back.
In another regulatory filing, Ujjivan SFB said Chanchal Kumar resigned from the position of Company Secretary and Compliance Officer of the bank on January 5, 2022.
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