{"id":7517,"date":"2017-11-03T06:54:40","date_gmt":"2017-11-03T06:54:40","guid":{"rendered":"http:\/\/faceinews.com\/?p=7517"},"modified":"2017-11-03T06:54:40","modified_gmt":"2017-11-03T06:54:40","slug":"ujjivan-financial-services-consolidated-q-2-fy-2017-18-net-interest-income-increases-by-19-07-over-q1","status":"publish","type":"post","link":"https:\/\/www.faceinews.com\/?p=7517","title":{"rendered":"Ujjivan\u00a0Financial\u00a0Services\u00a0Consolidated\u00a0Q\u00a02\u00a0FY\u00a02017-18.\u00a0Net\u00a0Interest\u00a0Income\u00a0increases\u00a0by\u00a019.07%\u00a0over\u00a0Q1"},"content":{"rendered":"<p style=\"font-weight: 400;\"><strong><a href=\"http:\/\/faceinews.com\/wp-content\/uploads\/2017\/11\/ujji.png\" rel=\"attachment wp-att-7518\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-7518 size-full\" src=\"http:\/\/faceinews.com\/wp-content\/uploads\/2017\/11\/ujji.png\" alt=\"ujji\" width=\"195\" height=\"85\" \/><\/a><\/strong><\/p>\n<p style=\"font-weight: 400;\"><a href=\"http:\/\/faceinews.com\/wp-content\/uploads\/2017\/09\/Faceinews-Logo-Copy.png\" rel=\"attachment wp-att-7119\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-7119\" src=\"http:\/\/faceinews.com\/wp-content\/uploads\/2017\/09\/Faceinews-Logo-Copy.png\" alt=\"Faceinews Logo - Copy\" width=\"173\" height=\"43\" \/><\/a><\/p>\n<p style=\"font-weight: 400;\"><strong>S<\/strong><strong>chedule<\/strong><strong>d\u00a0bank\u00a0status\u00a0boosts\u00a0deposits,\u00a0Robust\u00a0growth\u00a0in\u00a0disbursements,\u00a03.49\u00a0lakh\u00a0customers added in\u00a0this fiscal\u00a0year\u00a0and\u00a0NNPA\u00a0reduced\u00a0to\u00a01.38%<\/strong><\/p>\n<p style=\"font-weight: 400;\"><strong>B<\/strong><strong>en<\/strong><strong>g<\/strong><strong>a<\/strong><strong>l<\/strong><strong>u<\/strong><strong>r<\/strong><strong>u \/Chennai<\/strong><strong>,\u00a0November\u00a02,\u00a02017:\u00a0 <\/strong><\/p>\n<p style=\"font-weight: 400;\"><strong>Ujjivan\u00a0Financial\u00a0Services\u00a0Ltd<\/strong>.\u00a0[BSE:\u00a0539874;\u00a0NSE:\u00a0UJJIVAN],the\u00a0\u00a0holding\u00a0company\u00a0and\u00a0promoter\u00a0of\u00a0its\u00a0100%\u00a0subsidiary\u00a0\u201cUJJIVAN\u00a0SMALL\u00a0FINANCE\u00a0BANK\u201d,\u00a0todayannounced\u00a0its consolidated\u00a0financial\u00a0performance\u00a0for\u00a0the\u00a0quarter\u00a0ended\u00a0September\u00a030,\u00a02017.<\/p>\n<p style=\"font-weight: 400;\"><strong>S<\/strong><strong>u<\/strong><strong>m<\/strong><strong>m<\/strong><strong>a<\/strong><strong>r<\/strong><strong>y\u00a0of\u00a0\u00a0Business\u00a0Performance\u00a0\u2013\u00a0Q2\u00a0FY\u00a0\u00a02017-18:<\/strong><\/p>\n<p style=\"font-weight: 400;\">The\u00a0financials and\u00a0ratios\u00a0as below are\u00a0based\u00a0on\u00a0consolidated\u00a0numbers:<\/p>\n<ul>\n<li style=\"font-weight: 400;\">Gross Loan Book at \u20b96,669.21 crore; growth of 3.25% over Q1-FY18 and an increase of 2.83%<\/li>\n<\/ul>\n<p style=\"font-weight: 400;\">over Q2-FY17<\/p>\n<ul>\n<li style=\"font-weight: 400;\">Off-balance sheet portfolio as of September 30, 2017 at \u20b9304.82 crore<\/li>\n<li style=\"font-weight: 400;\">Net Loan Book at \u20b96,364.39 crore; \u00a0growth of 4.15% over Q1-FY18 and an increase of 6.07%<\/li>\n<li style=\"font-weight: 400;\">\u00a0\u00a0over Q2-FY17<\/li>\n<li style=\"font-weight: 400;\">Disbursement at \u20b91,954.28 crore; an increase of 14.83% over Q1-FY18 and decrease of 10.51%<\/li>\n<\/ul>\n<p style=\"font-weight: 400;\">over Q2-FY17<\/p>\n<ul>\n<li style=\"font-weight: 400;\">Deposit base\u00a0at\u00a0\u20b91,349.1\u00a0crore\u00a0in\u00a0Q2-FY18\u00a0as\u00a0against\u00a0\u20b9403.7\u00a0crore\u00a0in\u00a0Q1-FY18<\/li>\n<li style=\"font-weight: 400;\">1.73\u00a0lakh new\u00a0borrowers\u00a0added during\u00a0the\u00a0quarter\u00a0and\u00a03.49\u00a0lakh in\u00a0the\u00a0H1-FY18<\/li>\n<li style=\"font-weight: 400;\">Collection\u00a0efficiency\u00a0back\u00a0to\u00a0normal\u00a0at\u00a099.7%\u00a0for new\u00a0business\u00a0from\u00a0January\u00a0to\u00a0September\u201917<\/li>\n<li style=\"font-weight: 400;\">Secured portfolio\u00a0increased by\u00a034.85%\u00a0to\u00a0\u20b9202.68\u00a0crore\u00a0from\u00a0\u20b9150.30\u00a0crore\u00a0in\u00a0Q1-FY18<\/li>\n<li style=\"font-weight: 400;\">GNPA at\u00a04.99%\u00a0and\u00a0NNPA\u00a0at\u00a01.38%\u00a0in\u00a0Q2-FY18\u00a0as\u00a0against\u00a06.16%\u00a0and\u00a02.30%\u00a0respectively\u00a0in\u00a0Q1-FY18<\/li>\n<li style=\"font-weight: 400;\">Prudential\u00a0write\u00a0off\u00a0of\u00a0\u20b988.64\u00a0crore\u00a0in\u00a0Q2-FY18\u00a0(covered by\u00a0provisions)<\/li>\n<li style=\"font-weight: 400;\">Provision\u00a0Coverage\u00a0Ratio\u00a0(excluding\u00a0technical\u00a0write-off)\u00a0at\u00a073.40%<\/li>\n<\/ul>\n<p style=\"font-weight: 400;\">\u00a0<strong>M<\/strong><strong>r<\/strong><strong>.\u00a0Samit\u00a0Ghosh,\u00a0MD\u00a0&amp;\u00a0CEO,\u00a0Ujjivan\u00a0Small\u00a0Finance\u00a0Bank\u00a0<\/strong>said,\u00a0\u201cWe\u00a0have significantly\u00a0reduced\u00a0our\u00a0losses\u00a0in this\u00a0quarter\u00a0compared to\u00a0the\u00a0previous\u00a0quarter\u00a0due\u00a0to\u00a0lower\u00a0credit\u00a0cost\u00a0and\u00a0business\u00a0volumes\u00a0returning\u00a0to\u00a0normallevels.\u00a0We\u00a0expect\u00a0credit\u00a0costs\u00a0to\u00a0taper\u00a0off\u00a0to\u00a0normal\u00a0levels\u00a0in\u00a0the\u00a0next\u00a0two\u00a0quarters\u00a0and\u00a0with\u00a0business\u00a0growth,\u00a0\u00a0we\u00a0\u00a0are\u00a0\u00a0on\u00a0\u00a0our\u00a0\u00a0way\u00a0\u00a0to\u00a0\u00a0\u00a0a\u00a0\u00a0complete\u00a0\u00a0turnaround\u00a0\u00a0after\u00a0\u00a0absorbing\u00a0\u00a0the\u00a0\u00a0impact\u00a0\u00a0ofdemonetization\u00a0on\u00a0our\u00a0business\u00a0environment.\u00a0\u00a0Further,\u00a0the\u00a0collection\u00a0efficiency\u00a0continues\u00a0impressively\u00a0at99.7%\u00a0for\u00a0all\u00a0new\u00a0business\u00a0from\u00a0January\u00a0till\u00a0September.\u00a0At\u00a0the\u00a0same\u00a0time,\u00a0we\u00a0maintain\u00a0our\u00a0progress\u00a0as\u00a0perplan\u00a0in\u00a0our transformation\u00a0to\u00a0Small Finance Bank with\u00a0the\u00a0conversion\u00a0of\u00a092\u00a0bank\u00a0branches around\u00a0the countryand\u00a0crossing\u00a0100\u00a0bank\u00a0branches\u00a0milestone\u00a0in\u00a0October,\u00a0scheduled\u00a0bank\u00a0status\u00a0and\u00a0a\u00a0healthy\u00a0buildup\u00a0of\u00a0low\u00a0costdeposit base\u00a0as\u00a0well as\u00a0steady\u00a0growth\u00a0in\u00a0overall business.\u201d<\/p>\n<p style=\"font-weight: 400;\">Commenting\u00a0on\u00a0the\u00a0performance\u00a0of\u00a0the\u00a0company\u00a0<strong>Ms.\u00a0Sudha\u00a0Suresh,\u00a0MD\u00a0&amp;\u00a0CEO\u00a0Ujjivan\u00a0Financial\u00a0Services<\/strong>said,\u00a0\u201cWith\u00a0the\u00a0scheduled\u00a0bank\u00a0status,\u00a0the\u00a0company\u00a0has\u00a0been\u00a0able\u00a0to\u00a0raise\u00a0funds\u00a0at\u00a0competitive\u00a0rates additionally\u00a0through\u00a0Certificate\u00a0of\u00a0Deposits\u00a0(Rs.614.5\u00a0crore). We\u00a0expect\u00a0to\u00a0leverage\u00a0further\u00a0on\u00a0this and\u00a0otheroptimal\u00a0sources\u00a0of\u00a0funding\u00a0in\u00a0the\u00a0next\u00a0two\u00a0quarters.\u00a0Our\u00a0NIM\u00a0for\u00a0the\u00a0bank\u00a0has\u00a0also\u00a0increased\u00a0to\u00a010.20% from8.90% QoQ.\u00a0Cost\u00a0to\u00a0income\u00a0has\u00a0also\u00a0reduced\u00a0significantly\u00a0during the\u00a0quarter\u00a0by\u00a09.18%\u00a0due\u00a0to\u00a0business\u00a0growthably\u00a0supported\u00a0by\u00a0flat\u00a0operating\u00a0cost\u00a0&amp;\u00a0reduction\u00a0in\u00a0cost\u00a0of\u00a0funds.\u00a0We\u00a0expect\u00a0this to\u00a0decline\u00a0further withexpected growth\u00a0in\u00a0business<em>\u201d.<\/em><\/p>\n<p><strong>S<\/strong><strong>u<\/strong><strong>mm<\/strong><strong>ar<\/strong><strong>y\u00a0of\u00a0Financial\u00a0Performance\u00a0\u2013\u00a0Q2\u00a0FY\u00a0\u00a017-18:<\/strong><\/p>\n<p style=\"font-weight: 400;\">\n<ul>\n<li style=\"font-weight: 400;\">Total\u00a0Income\u00a0at\u00a0\u20b9378.03\u00a0crore,\u00a0an\u00a0increase\u00a0of\u00a05.41%\u00a0over\u00a0Q1-FY18\u00a0and\u00a0an\u00a0increase\u00a0of\u00a05.89%\u00a0over<\/li>\n<\/ul>\n<p style=\"font-weight: 400;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Q2-FY17<\/p>\n<ul>\n<li style=\"font-weight: 400;\">NII\u00a0at\u00a0\u20b9164.57\u00a0crore, an\u00a0increase\u00a0of\u00a019.07%\u00a0over\u00a0Q1-FY18\u00a0and\u00a0a\u00a0decrease\u00a0of\u00a012.48%\u00a0over\u00a0Q2-FY17<\/li>\n<li style=\"font-weight: 400;\">NIM\u00a0at\u00a010.55%\u00a0in\u00a0Q2-FY18,\u00a0an\u00a0increase\u00a0from\u00a09.23%\u00a0in\u00a0Q1-FY18\u00a0and\u00a0a\u00a0decrease\u00a0from\u00a013.02%\u00a0in<\/li>\n<\/ul>\n<p style=\"font-weight: 400;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Q2-FY17<\/p>\n<ul>\n<li style=\"font-weight: 400;\">Cost\u00a0to\u00a0Income\u00a0ratio\u00a0at\u00a068.82%,\u00a0a\u00a0decrease\u00a0from\u00a078.00%\u00a0in\u00a0Q1-FY18\u00a0and\u00a0an\u00a0increase\u00a0from\u00a048.18%\u00a0in<\/li>\n<\/ul>\n<p style=\"font-weight: 400;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Q2-FY17<\/p>\n<ul>\n<li style=\"font-weight: 400;\">Net\u00a0Loss\u00a0at\u00a0\u20b911.95\u00a0crore\u00a0in\u00a0Q2-FY18\u00a0against\u00a0\u20b974.94\u00a0crore\u00a0in\u00a0Q1-FY18<\/li>\n<li style=\"font-weight: 400;\">Cost\u00a0of\u00a0funds\u00a0reduced\u00a0to\u00a0\u00a09.65%\u00a0from\u00a010.41%\u00a0in\u00a0FY17\u00a0as\u00a0the\u00a0company\u00a0raised\u00a0low\u00a0cost\u00a0deposits\u00a0post the attainment\u00a0of scheduled\u00a0bank\u00a0status<\/li>\n<li style=\"font-weight: 400;\">Marginal\u00a0cost\u00a0of\u00a0borrowings\u00a0at\u00a07.19%,\u00a0a\u00a0decline\u00a0from\u00a09.67%\u00a0in\u00a0FY17<\/li>\n<\/ul>\n<p style=\"font-weight: 400;\">\n<p style=\"font-weight: 400;\">\n<p style=\"font-weight: 400;\"><strong>\u00a0\u00a0<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Scheduled\u00a0bank\u00a0status\u00a0boosts\u00a0deposits,\u00a0Robust\u00a0growth\u00a0in\u00a0disbursements,\u00a03.49\u00a0lakh\u00a0customers added in\u00a0this fiscal\u00a0year\u00a0and\u00a0NNPA\u00a0reduced\u00a0to\u00a01.38% Bengaluru \/Chennai,\u00a0November\u00a02,\u00a02017:\u00a0 Ujjivan\u00a0Financial\u00a0Services\u00a0Ltd.\u00a0[BSE:\u00a0539874;\u00a0NSE:\u00a0UJJIVAN],the\u00a0\u00a0holding\u00a0company\u00a0and\u00a0promoter\u00a0of\u00a0its\u00a0100%\u00a0subsidiary\u00a0\u201cUJJIVAN\u00a0SMALL\u00a0FINANCE\u00a0BANK\u201d,\u00a0todayannounced\u00a0its consolidated\u00a0financial\u00a0performance\u00a0for\u00a0the\u00a0quarter\u00a0ended\u00a0September\u00a030,\u00a02017. Summary\u00a0of\u00a0\u00a0Business\u00a0Performance\u00a0\u2013\u00a0Q2\u00a0FY\u00a0\u00a02017-18: The\u00a0financials and\u00a0ratios\u00a0as below are\u00a0based\u00a0on\u00a0consolidated\u00a0numbers: Gross Loan Book at \u20b96,669.21 crore; growth of 3.25% over Q1-FY18 and an increase of 2.83% over Q2-FY17 Off-balance sheet portfolio as of September 30, 2017 at \u20b9304.82 crore Net Loan Book at \u20b96,364.39 crore; \u00a0growth of 4.15% over Q1-FY18 and an [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":7518,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[],"class_list":["post-7517","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"_links":{"self":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/7517","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7517"}],"version-history":[{"count":1,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/7517\/revisions"}],"predecessor-version":[{"id":7519,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/7517\/revisions\/7519"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/media\/7518"}],"wp:attachment":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7517"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}