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    Global hunger declines, but rises in Africa and western Asia: UN report

    L&T Technology Services Wins ~$60 Million Software Engineering Engagement From US Tier-I Telecom Provider

    Roche provides regulatory update on Elevidys™ gene therapy for Duchenne muscular dystrophy in the EU

    Wipro Wins Multi-Year “Smart Grid” Deal from Saudi Electric Company

    Glion awarded prestigious Swiss Federal Accreditation

    Global childhood vaccination coverage holds steady, yet over 14 million infants remain unvaccinated – WHO, UNICEF

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    “World Tiger Day” celebrated.

    realme Launches 15 Series with Industry-First AI Edit Genie and Segment leading Performance

    ShareChat & Moj Announce Second Edition of ‘Short Form Big Impact Leadership Summit 2025’

    Prakash Varma to Inaugurate Creators & Marketers School in Calicut

    Himalaya Wellness Champions Bhringaraja in New Anti-Hair Fall Campaign with a Tale of Friendship

    L&T Technology Services Wins ~$60 Million Software Engineering Engagement From US Tier-I Telecom Provider

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    Punjab National Bank (PNB) announces First Quarter Financial Results for the Quarter Ended 30th June 2025

    Blue Dart Announces Q1FY26 Financial Results with Sales Clocking in at Rs. 1,442 Crore

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    Apollo Bannerghatta Achieves 600+ Ultrafast Fully Automatic Robotic Knee Replacement Surgeries Under Dr. K.T. Rajashekar

    Government Strengthens Measures for Consumer Protection and Curb Unverified Claims by Ayush Product Manufacturers

    Roche provides regulatory update on Elevidys™ gene therapy for Duchenne muscular dystrophy in the EU

    “Every transplant at Kauvery is a commitment to giving life where hope is fading”-Dr. S Vijayabaskaran, Executive Director – Bangalore & Hosur.

    Global childhood vaccination coverage holds steady, yet over 14 million infants remain unvaccinated – WHO, UNICEF

    “The relaunch is our way of expressing gratitude to our early patrons and reintroducing the space with renewed energy.”-Mr. Arup Chatterjee Regional Manger South spokesperson from Barbeque Nation Hospitality Ltd.

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    Eveready Launches India’s 1st Ever Hybrid Torch with Sonakshi Sinha-starrer ‘Nikita Roy’

    Sony India launches WF-C710N earbuds with Dual Noise Cancelling and smart AI calling features

    HAL receives first set of wing assemblies for LCA Mk1A from L&T

    Emerson NI Days India 2025

    Industry leaders unveil innovative solutions for print, branding, signage and digital displays.

    “This University Is Not Just an Institution—It’s a Mini City of Engineers”: Union Minister Scindia

  • Auto

    ROLLS-ROYCE IN SAINT-TROPEZ: A SUMMER AT THE RIVIERA’S MOST DISTINGUISHED ADDRESSES

    Challenging half year – Audi realignment gains momentum

    Mahindra XUV 3XO ‘REVX’ LAUNCHED:

    Piaggio Vehicles brings in a new era of Apé Electrik; launches the all-new Apé E-City Ultra and the Apé E-City FX Maxx

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    Four Seasons Hotel Singapore Serves Up a Luxury Sports Experience with Inaugural Summer Smash Padel and Pickleball Tournament Event

    Over 99% of Indian Children Want to Play Sports but 1 in 4 P.E. Classes Get Cancelled, Shows National Survey by Sportz Village

    Gulbarga Mystics to face Mangaluru Dragons in season opener of Shriram Capital Maharaja Trophy KSCA T20  

    ‘The corner defender is the pillar of the team:’ Yogesh Dahiya on his record-breaking Bulls move

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    “Virgin Boys” – A Bold Telugu Youth Drama Captures Hearts Across Theatres

    A New Era in Luxury Weddings – Vogue Wedding Atelier Debuts in India

    GenS Life and Dowith Lit Present ‘Senior Spotlight’: Bengaluru’s Open Mic Celebration for the 55+

    PMJ Jewels Launches PMJ SuperStar Bracelet and ‘Celebrating Daughters’ Campaign

    ‘Waves’ an OTT platform that offers clean family-friendly content: Sunil Bhatiya, Deputy Director General, Doordarshan Kendra, Panaji

    Sri Sai Gold Palace’s 7th store inaugurated in Malleshwaram,Bengaluru.

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    Apollo Bannerghatta Achieves 600+ Ultrafast Fully Automatic Robotic Knee Replacement Surgeries Under Dr. K.T. Rajashekar

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    Arunachal Minister inaugurates IITM Travel Fair in Bengaluru

    Tata CLiQ’s Moments that CLiQ Sale across fashion, luxury and beauty is set to begin the celebrations for the festive season

    “Every transplant at Kauvery is a commitment to giving life where hope is fading”-Dr. S Vijayabaskaran, Executive Director – Bangalore & Hosur.

    Absolute Hotel Services Signs Second Landmark Property in Rajasthan — New Upscale Retreat in Ajmer Marks Strategic Cluster Expansion

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“We expect the mass market to show resilience and recover strongly.” Says Mr. Nitin Chugh, MD & CEO, Ujjivan Small Finance Bank

Gross Advances up 28% Y-o-Y; NII up by 48% Y-o-Y; Net Profit up by 76% Y-o-Y

by FWM
May 19, 2020
in Business
0

Well-capitalized with CAR at 28.8%; Stable Asset quality-GNPA at 1.0% and NNPA at 0.2%
Bengaluru, May 19, 2020:

Ujjivan Small Finance Bank ltd. [BSE: 542904; NSE: UJJIVANSFB], today

announced its financial performance for the quarter and year ended March 31, 2020.

Summary of Ujjivan Small Finance Bank Business Performance – Q4 FY 2019-20
 Gross Advances at ₹14,153 crore; growth of 28% over Mar’19
 Non-MicroBanking* portfolio now contributes 23% to the portfolio against 15% as of Mar’19
 Disbursement for Q4FY20 at ₹3,254 crore vs ₹3,728 at Q4FY19
 Secured portfolio constitutes 22% to the portfolio compared to 14% as of Mar’19
 GNPA at 1.0% and NNPA at 0.2% in Q4FY20 against 0.9% and 0.3% respectively as of Mar’19; write-off of
₹19.2 crore in Q4FY20; Provision on account of COVID-19 is ₹70 crore
 Deposit base at ₹10,780 crore as of Mar’20 covering 76% of total advances against 67% as of Mar’19
 Retail deposits at 44% to total deposits vs. 37% in Mar’19; CASA ratio at 14% vs. 11% in Mar’19
 Net Profit of ₹73 crore in Q4FY20 against ₹64 crore in Q4FY19
 Net Interest Income of ₹466 crore in Q4FY20, an increase of 46% over Q4FY19
 Net Interest Margin at 11.2% in Q4FY20, against 10.8% in Q4FY19
 Cost to Income ratio at 65% in Q4FY20 vs. 78% in Q4FY19
 ROA/ ROE for Q4FY20 at 1.6%/ 9.3% in Q4FY20 vs. 2.0%/ 14.2% in Q4FY19
 Healthy Capital adequacy ratio at 28.8%, with Tier-1 capital at 28% in Q4FY20
 Liquidity coverage ratio at 261% in Q4FY20, against 187% in Mar’19

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Summary of Ujjivan Small Finance Bank Business Performance – FY 2019-20
 Disbursement for FY20 at ₹13,221 crore up 19% Y-o-Y
 Net Profit of ₹350 crore in FY20 up 76% Y-o-Y
 Net Interest Income of ₹1,634 crore in FY20, against ₹1,106 crore in FY19
 Net Interest Margin at 10.8% in FY20, against 10.9% in FY19
 Cost to Income ratio decreased to 67% in FY20 from 77% in FY19
 ROA/ ROE for FY20 at 2.2%/ 13.9% vs. 1.7%/ 11.5% for FY19

Mr. Nitin Chugh, MD & CEO, Ujjivan Small Finance Bank said, “Gross advances grew 28% YoY to Rs 14,153 cr, deposit franchise continued to grow stronger with granular and stable retail focused base. Net profit for FY20 stood at ₹350cr, up 76% YoY. Q4 was impacted in multiple ways by the current global situation owing to COVID-19. We took a holistic approach towards our responsibility to all stakeholders including employees, customers, investors, regulators, society and others. While on one hand, we had to take several safety precautions to protect our employees, customers and other stakeholders, on the other hand the situation gave us an opportunity to fast-track many of our strategic initiatives. Business remains on strong fundamentals with high capital adequacy and liquidity,strong credit quality and improved processes/ efficiencies. We expect the mass market to show resilience and recover strongly. Economic package announced by Government would also boost recovery and open various opportunities. We remain focussed on building a technology led Mass Market Retail Bank with focus on differentiated digital and service experience and financial inclusion covering under-served and unserved.“

Tags: Business PerformanceUjjivan Small Finance Bank ltd

FWM

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