Ujjivan Small Finance Bank - Most Diversified Presence: ICICI Securities

A customer counts new Indian two thousand rupee banknotes outside an India Post branch in New Delhi, India. (Photographer: Anindito Mukherjee/Bloomberg)

Ujjivan Small Finance Bank - Most Diversified Presence: ICICI Securities

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.

ICICI Securities Report

Ujjivan Small Finance Bank Ltd.’s core philosophy of driving business by focus on digital capabilities, customer-centricity, and financial inclusion harmonises well with India’s increasing financial penetration, especially in rural areas.

Its pan-India presence with no single state contributing more than 20% of assets under management as at March 2021, coupled with an evolving product portfolio, would enable it to outpace systemic credit growth once the macro turns conducive.

While the bank’s journey towards building secured assets is progressing well, its liability franchise is still evolving with retail deposits at 48% of total deposits and current account and savings account ratio at 15%.

Click on the attachment to read the full report:

ICICI Securities Ujjivan SFB Initiating Coverage.pdf

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