Ujjivan Small Finance Bank Sees Significant Deposit Growth in Q3, Loan Book Expansion Remains Steady
Ujjivan Small Finance Bank (USFB) has reported a robust 16% year-on-year (YoY) growth in its total deposits, reaching ₹34,496 crore in the third quarter, up from ₹29,669 crore in the same period last year. This substantial increase in deposits is a testament to the bank's growing customer base and its ability to attract and retain depositors. The bank's loan book also witnessed modest expansion, indicating a steady growth trajectory. With a strong deposit growth and controlled loan book expansion, USFB is well-positioned to navigate the competitive banking landscape. As the bank continues to focus on expanding its customer base and improving its services, it is likely to attract more depositors and borrowers, driving further growth. Key highlights of the bank's performance include its ability to manage assets and liabilities effectively, ensuring a stable and sustainable growth path. Ujjivan Small Finance Bank's Q3 results demonstrate its commitment to providing innovative banking solutions, with a focus on microfinance and small finance services.
