Kolkata: Ujjivan Small Finance Bank has scaled up its secured loan business by 440 basis points over the past one year to 31.5% at the end of June as part of its diversification plans while its overall loan portfolio rose 19% to Rs 30,091 crore.
About 27% of its gross loans were secured a year back.
The bank said its gross non-performing assets ratio stood at 2.3% at the end of June as compared with 2.1% three months prior to this and 2.4% a year back.
Ujjivan, which was converted into a bank from a microfinance lender in February 2017, is planning to raise the share of the secured portfolio to 40% in the next three years.
Its total deposits grew 22% over the same period to Rs 32,500 crore with the share of current and savings accounts to total deposits improving 100 basis points to 25.6%.
