HDFC Securities: Ujjivan Small Finance Bank Q2 Review - Gradual Improvement Visible
Ujjivan Small Finance Bank Entrance Bengaluru. (Source: BloombergQuint)

HDFC Securities: Ujjivan Small Finance Bank Q2 Review - Gradual Improvement Visible

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.

HDFC Securities Report

Ujjivan Small Finance Bank Ltd.’s Q2 earnings were significantly ahead of estimates due to higher-than- expected other income and lower-than-expected provisions.

The bank’s collection efficiency, like its peers’, sharply improved.

Further, traction in granular deposits and operating efficiency were creditable. Sustainability of performance, though, will be key.

We will watch out for corporate actions related to regulatory compliance.

Click on the attachment to read the full report:

HDFC Securities - Ujjivan Small Finance Bank and Ujjivan Financial Services Q2FY21 Results Review.pdf

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