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Sunil Kotak

16th Apr · SEBI-Registered Analyst

Ujjivan SFB shares fall up to 5.5% as RBI returns lender's universal banking application for now

Ujjivan SFB shares fall up to 5.5% as RBI returns lender's universal banking application for now

UJJIVANSFB
"The RBI took note of the Bank’s recent efforts towards diversification of its loan portfolio. However, they were of the view that there is scope for progress in this area. Therefore, RBI have returned the application and advised the Bank to consider applying again after demonstrating a diversified loan portfolio," said the lender in a stock exchange filing. At 10:40 am on April 15, Ujjivan SFB shares were trading 5.5% lower at Rs 56.96 apiece. The 52-week low of the stock is Rs 38.91 while 52-... The bank reported record-high quarterly disbursements and a 70.6% year-on-year jump in net profit to approximately Rs 186 crore in Q3FY26. Deposits grew 22.4% annually, reaching Rs 42,223 crore, while net interest income hit an all-time high of Rs 1,000 crore. Gross Non-Performing Assets (NPA) stood at 2.39%, with Net NPA at 0.57%. A well-diversified loan portfolio was the one of main requirement from RBI and this was the main reason why the application was returned. All this is for information. This is not a buy/sell recommendation. Thank you, Technofunda24

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