Ujjivan Small Finance Bank - Credit Cost Guidance Reflects Improving Asset Quality Outlook: ICICI Securities
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ICICI Securities Report
Ujjivan Small Finance Bank Ltd. published August 2021 business update and the key takeaways include:
gradually approaching normalcy on most business parameters,
increased focus on containing incremental stress, 100-day plan for each vertical with focus on portfolio at risk reduction and non performing asset recovery, and
credit cost guidance of Rs 11-12 billion versus Rs 4.7 billion in Q1 FY22 reflects improving asset quality trend.
Taking cognisance of improving collections, Ujjivan Small Finance Bank is focusing on re-building volumes cautiously and in select products.
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