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