Ujjivan Small Finance Bank Sees Significant Deposit Growth in Q3, Loan Book Expansion Remains Steady
Ujjivan Small Finance Bank (USFB) has reported a remarkable 16% year-on-year (YoY) increase in total deposits, reaching ₹34,496 crore in the third quarter, up from ₹29,669 crore in the same period last year. This substantial growth in deposits is a testament to the bank's strong customer base and expanding financial services. The modest loan book expansion is a strategic move, allowing USFB to maintain a balanced growth trajectory while focusing on quality lending. As the banking sector continues to evolve, USFB's robust deposit growth and prudent loan book management position the bank for long-term success. With a strong focus on digital banking and financial inclusion, USFB is well-equipped to cater to the growing demands of its customers, driving business growth and stability. Key areas of focus for the bank include microfinance, MSME lending, and digital payment services, which are expected to contribute to its future growth trajectory.
