Ujjivan Small Finance Bank Ltd(UJJIVANSFB)

NSE: UJJIVANSFBBSE: 542904

₹ 55.63-4.09%refreshed 26 Oct, 03:58 pm ISTMarket cap: ₹ 10,854 crWebsite: www.ujjivansfb.inUpdated: 24 Oct 2026

About

Ujjivan Small Finance Bank is an Indian small finance bank that serves mainly micro-banking and retail customers. It is also building a secured lending business in affordable housing, MSME, gold and vehicle loans. In Q2 FY27 its gross loan book was ₹45,699 Cr, deposits were ₹50,643 Cr and it had 880 branches across 26 states/UTs. Retail banking made up 85.5% of segment revenue in FY26.^[1]

Business segments

Retail banking: 85.5% of segment revenue (₹6,876.96 Cr) in FY26, covering micro-finance group loans, affordable housing, MSME, gold, vehicle and agri loans.^[2]
Treasury: 11.6% of segment revenue (₹936.08 Cr) in FY26, up 5.1 percentage points over the FY2020 - FY26 window.^[2]
Wholesale banking: 2.8% of segment revenue (₹225.93 Cr) in FY26, with the highest EBIT margin among the three segments at 55.5%.^[2]

Loan book mix

Gross loan book was ₹45,699 Cr in Q2 FY27, up 32% YoY and 7% QoQ.^[1]
Secured book rose 47% YoY to ₹23,803 Cr in Q2 FY27, making up 52% of the gross loan book vs 47% a year earlier.^[1]
Disbursements reached a record ₹10,495 Cr in Q2 FY27, up 32% YoY and 14% QoQ; secured disbursements rose 58% YoY.^[1]
Gold loan book was up 210% YoY to ₹1,275 Cr in Q2 FY27. In the same quarter vehicle loans grew 65%, agri 79%, micro mortgage 86% and MSME 51% YoY.^[1]
Micro banking book grew 19% YoY in Q2 FY27, while microfinance group-loan disbursements fell 2% YoY.^[1]
Affordable housing gross loan book was ₹7,656 Cr (+42% YoY) in Q2 FY26.^[3]
Secured a CGFMU credit guarantee of ₹582 Cr on microfinance loans in FY25, covering 32.3% of the eligible portfolio.^[4]

Deposits and CASA

Deposits crossed ₹50,000 Cr for the first time in Q2 FY27, reaching ₹50,643 Cr, up 29.2% YoY.^[1]
CASA ratio was 26.0% in Q2 FY27, vs 28.6% as of March 2026; cost of funds was about 6.9% in Q2 FY27.^[1]
Retail TD plus CASA deposits represented 70% of total deposits as of March 2026.^[5]

Key operating metrics

NIM was 8.4% in Q2 FY27, up 55 bps YoY.^[1]
GNPA was 2.1% in Q2 FY27 (down 35 bps YoY); NNPA was 0.31% (down 36 bps YoY).^[1]
Credit cost was 0.7% of average total assets in Q2 FY27, vs 0.9% in Q1 FY27.^[1]
CRAR was 20.69% in Q2 FY27; RoA was 2.4% (+138 bps YoY) and RoE 19.7%.^[1]
Collection efficiency (1 EMI+OD) was 98.7% in Q2 FY27, up 64 bps YoY.^[1]
Annualised slippage ratio improved to 1.6% in Q1 FY27, versus 2.68% in Q4 FY26 and 4.3% in Q1 FY26.^[6]
Cost-to-income ratio was 62% in Q1 FY27, compared with 65.6% for full-year FY26.^[6]

Branch network and distribution

Added 100+ branches in H1 FY27, bringing the network to 880 branches across 26 states/UTs.^[1]
Gold loan was active in about 430 - 440 branches in Q1 FY27, up from 200 in March 2025; the target is ~575 gold-active branches by March 2027.^[6]
Digital transactions were 92.40% of total transactions in FY25; the vernacular app Hello Ujjivan crossed 10 lakh+ downloads.^[4]
Staff count was 24,374 as of March 2025, up 8%.^[4]
Launched a multi-channel brand campaign in Sep 2026 with R. Madhavan as brand ambassador.^[1]

New products and expansion

Mid-corporate banking commenced with disbursements in Q1 FY27, ahead of the original FY27 plan; purchase invoice discounting was added to the MSME suite.^[6]
Unsecured Fast Track Loan, a fully digital product using account aggregators and bureau data, completed its pilot and is ready for scale-up from Q2 FY27.^[6]
Pre-owned car financing was piloted in Karnataka in Q1 FY27, with scale-up planned for FY28.^[6]
AD-1 forex business commenced in November 2025.^[7]
Number of RPA-automated processes is targeted at 95+ in FY27, from 82.^[1]

Recent developments

On 16 Oct 2026 the bank signed a subscription agreement with IFC for up to 3,84,73,561 shares at ₹64.73 each (up to ₹249.04 crore), plus a policy agreement on compliance. IFC held 3.18% before the issue.^[8]
On 16 Oct 2026 the board approved a preferential issue of up to 6,31,91,619 shares at Rs. 64.73 each (~Rs. 409.04 crore) to four qualified institutional buyers, including IFC. An EGM is set for 13 Nov 2026.^[9]
Management stated that the ₹409 Cr preferential allotment would add about 1.2% to CRAR on a pro forma basis.^[1]
Following the MD & CEO change, the Nomination and Remuneration Committee is working to submit an MD candidate to the regulator on time, as of Q2 FY27.^[1]
On 13 April 2026 RBI returned the bank's February 2025 application to become a universal bank, citing a need for further portfolio diversification before it reapplies.^[5]
Board approved raising equity capital of up to ₹2,000 Cr, planned for H2 FY27, to fund medium-term growth.^[5]

Market Cap

₹10,854 Cr

High / Low

₹74 / 49

Stock P/E

9.8

Price / Book

1.5

Book Value

₹25

EPS

₹3.6

No. of Shares

194.27 Cr

ROE

10.7%

Sales

₹6,931 Cr

Net Profit

₹693 Cr

Promoter holding

0.0%

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Ujjivan Small Finance Bank Ltd(UJJIVANSFB)

About

Business segments

Loan book mix

Deposits and CASA

Key operating metrics

Branch network and distribution

New products and expansion

Recent developments

Signal history

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