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ICICI Securities Report
Ujjivan Small Finance Bank Ltd.'s net loss of Rs 2.7 billion has to be seen in the context of book clean-up as indicated earlier and lower attrition, process stabilisation and the Board submitting two recommendations to the regulator for the post of Managing Director and Chief Executive Officer.
Roll-out of 100 days action plan yielding desired results as reflected in –
portfolio at risk reducing to 18.9% from 30.8% in June 2021,
new log-ins in most business segments at pre-Covid-19 level and
Ujjivan Small Finance's management maintaining its full year credit cost guidance of Rs 11-12 billion despite providing ~Rs 9 billion during H1 FY22.
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