BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Axis Securities Report
Ujjivan Small Finance Bank Ltd. in its mid-quarter business update indicated that while the business momentum has picked up post the phased unlock across geographies, it continues to witness headwinds on the asset quality front.
Disbursements in July 2021/August 2021 stood at Rs 974 crore/Rs 1,027 crore respectively versus Rs 660 crore in Q1 FY22.
Deposit franchise has been steady and stood at Rs 13,725 crore. The share of current accounts and savings account deposits grew from 20.3% in Q1 FY22 to 21.2% in August 2021.
Retail deposits, too, have witnessed an improvement from 47.6% in June 2021 to 51.3% in Aug-21.
Ujjivan SFB's collection efficiency bounced back strongly in June-21 and is currently near pre-Covid-19 levels at ~95%, marginally better than March-21 levels.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR