Kolkata: Ujjivan Small Finance Bank has reported a 10% year-on-year rise in advances to Rs 30466 crore even as its microfinance business shrank 12%.
The bank’s gross non-performing assets ratio rose to 2.7% at the end of December from 2.1% a year back. The ratio of portfolio at risk jumped to 5.4% from 3.6% in line with the ongoing stress in the microfinance sector, which contributed 45% to the bank’s lending portfolio.
Ujjivan has been reducing the weightage on microfinance business and raising the secured loan portfolio to derisk the balance sheet.
Its microfinance portfolio stood at Rs 13663 crore at the end of December as compared with Rs 15471 crore a year back.
The bank’s deposit grew 16% year-on-year to Rs 34496 crore.
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