The Ujjivan Small Finance Bank stock has given a return of 41.97 per cent over the last six months
Shares of Ujjivan Small Finance Bank Ltd. rallied over 6 per cent in Thursday’s trade after its total deposits jumped in the third quarter.
At 9:24 am the Ujjivan Small Finance Bank stock was trading at Rs 59.95 on NSE.
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Ujjivan Small Finance Bank has shown robust performance in the quarter ending December FY24. Total deposits saw a strong 29 per cent year-on-year growth, reaching Rs 29,869 crore.
The gross loan book also exhibited a commendable 27 per cent YoY increase, totaling Rs 27,791 crore for the quarter. On a sequential basis, deposits and the gross loan book grew by 3 per cent and 5 per cent, respectively.
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The CASA (Current Account Savings Account) witnessed a 24 per cent YoY surge, reaching Rs 7,549 crore, with an 8 per cent increase on a quarter-on-quarter basis.
The CASA ratio slightly dropped to 25.3 per cent in Q3FY24 from 26.2 per cent in Q3FY23 but improved from 24.1 per cent in Q2FY24. Disbursements during the quarter rose by 17 per cent YoY to Rs 5,675 crore in December FY24 but experienced a 1 per cent decline compared to the previous quarter.
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The Ujjivan Small Finance Bank stock has given a return of 41.97 per cent over the last six months. The benchmark Bank Nifty index, meanwhile, has given a return of 5.31 per cent over the same duration.
