Ujjivan Small Finance Bank said its gross non-performing assets ratio stood at 3.3% at the end of December 2022 as against 9.8% a year back. Suryoday’s gross NPA stood at 4.26% compared with 10.5% over the same period.
“Collection efficiency maintained at 99% plus, with restructured and NPA books showing healthy collections. The bank continues to focus on stressed buckets and reducing incremental overdues,” Ujjivan said in a regulatory filing to stock exchanges.
Suryoday said it sold a pool of stressed assets amounting to Rs 492 crore for Rs 135 crore in December. Out of this, Rs 64 crore was technically written off accounts and the balance are NPAs.
Ujjivan’s outstanding gross loan portfolio grew 33% year-on-year to Rs 21895 crore even as its loan disbursement in the last quarter has seen a muted 1% growth at Rs 4838 crore.over Rs 4809 crore in the year ago period.
Suryoday’s loan book grew 11% year-o-year to Rs 5409 crore while quarterly disbursement rose 13% to Rs 1265 crore.
Both the banks have reported high year-on-year deposit growth prints. For Ujjivan, its 49% to Rs 23154 crore while Suroday’s deposits rose 48% to Rs 4684 crore.
Non-bank lender Poonawalla Fincorp too released its quarterly numbers. Its consolidated assets under management grew by 28% year-on-year to Rs 19,550 crore as on December 31, 2022.
It said that its gross NPA on a consolidated basis is expected to be below 1.5% at the end of the reporting quarter.