Ujjivan Small Finance Bank Ltd

(UJJIVANSFB)

Ujjivan SFB Approves Sale of NPA Loans - 15 Nov, 2024

Ujjivan Small Finance Bank's board approved the sale of Rs 270 crore worth of non-performing and written-off micro-banking loans to asset reconstruction companies, amid rising stress in the microfinance sector.

Ujjivan Aims for Universal Banking License by 2025 - 04 Nov, 2024

Ujjivan Small Finance Bank has announced its intention to apply for a universal banking license by March 2025, addressing concerns over microfinance borrower overleveraging.

Ujjivan Small Finance Bank Plans Universal Banking License - 03 Nov, 2024

Ujjivan Small Finance Bank aims to apply for a universal banking license by March 2025. Despite a 29% drop in net profit to Rs 233 crore for Q2 FY2024, overall income rose to Rs 1,820 crore.

Ujjivan SFB Faces Profit Decline, New CFO Appointed - 25 Oct, 2024

Ujjivan Small Finance Bank appointed S. Balakrishna Kamath as CFO. The bank reported a 28.89% decline in net profit, leading to a drop in share price. Emkay Global maintains a 'BUY' rating but lowers the target price to Rs 45 due to earnings cuts.

Ujjivan Small Finance Bank Reports Q2 Profit Decline - 24 Oct, 2024

Ujjivan Small Finance Bank's Q2 FY25 results show a 29% drop in net profit to Rs 233 crore, despite total income rising to Rs 1,820 crore. Asset quality worsened with gross NPAs increasing to 2.52%, while net NPAs improved to 0.56%. The bank's capital adequacy ratio decreased to 23.38%. Overall, the results reflect challenges in profitability amid rising credit costs.

Ujjivan Small Finance Bank Shows Strong Recovery - 18 Oct, 2024

Ujjivan Small Finance Bank has demonstrated impressive growth with a CAGR of 110.48% in net profits since FY18. After a ₹415 crore loss in FY22, it rebounded to a ₹1,100 crore profit in FY23. With a market cap of ₹7,662 crore, the stock trades at attractive valuations, making it a potential value buy compared to peers.