“…we hereby inform that today i.e., February 28, 2025, the bank has completed the sale of stressed loan portfolio including written off loans pool with outstanding value of ₹364.51 crore as on January 31, 2025, to ARC for a consideration amounting to ₹34.26 crore,” the bank said in a regulatory filing.
The transaction, approved by the bank’s authorised Board Committee on February 21, 2025, was finalised on February 28, 2025. The sale is part of USFB’s ongoing efforts to clean up its balance sheet by offloading non-performing assets (NPAs) and written-off loans.
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Ujjivan Small Finance Bank reported a 63.8% year-on-year (YoY) decline in net profit at ₹108.6 crore for the third quarter that ended December 31, 2024, against ₹300 crore in the same period last year.
Net interest income (NII), which is the difference between the interest income a bank earns from its lending activities and the interest it pays to depositors, increased by 3.2%, coming to ₹886.7 crore against ₹859.3 crore in the corresponding quarter of FY24.
Gross non-performing assets (GNPA) stood at 2.68% in the December quarter against 2.52% in the September quarter. Net NPA was flat at 0.56%. Ujjivan Small Finance Bank’s gross loan book stood at ₹30,466 crore, up 9.8% YoY and 0.4% quarter-on-quarter (QoQ). The secured book accounted for 39.3% of the total loan book as of December 2024, up from 28.3% in December 2023 and 34.9% in September 2024.
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Shares of Ujjivan Small Finance Bank Ltd ended at ₹32.14, down by ₹0.48, or 1.47%, on the BSE.
