Ujjivan Small Finance Bank has achieved a significant milestone by increasing its secured loan portfolio. This strategic shift now represents over fifty percent of the bank’s total loan book. The bank’s gross loan book expanded by twenty-nine percent year-on-year. Ujjivan reported a three-fold jump in its first quarter net profit. Provisions were forty-three percent lower, aiding the profit growth.
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.