Ujjivan Small Finance Bank recently announced its financial performance for the quarter ended December, 2025.

Ujjivan Small Finance Bank MD & CEO Sanjeev Nautiyal said, “India’s macroeconomic environment continues to remain conducive, with strong GDP growth at 8.2% for Q2 FY26, translating into a supportive environment for credit growth and improved asset quality.

For Ujjivan SFB, deposits grew 7.7% QoQ and 22.4% YoY to ₹42,223 Crore, with a Credit–Deposit ratio at 88% as of Dec’25. With a clear focus on acquiring quality New to Bank customers and dedicated channels to engage better with Existing to Bank customers CASA% stayed above 27% for 2 consecutive quarters. Cost of funds continued to trend lower due to the deposit rate cuts already taken in H1 FY26 and better overall liquidity planning. CoF for the quarter was 7.08% down 49 bps YoY.

Gross Loan Book for the quarter grew 7.1% QoQ and 21.6% YoY to ₹37,057 Crore, driven by highest-ever quarterly disbursements, at ₹8,293 Crore. This was due to all round performance across unsecured and secured products. Secured portfolios such as Housing, MSME, Gold, Vehicle and Agri loans, scaled up in line with our long-term diversification strategy. The secured book share increased to 48% as of Dec’25.

Summary of Ujjivan Small Finance Bank Business Performance – Q3 FY26 & 9M FY26

Assets

  • Gross loan book at ₹37,057* Crore (Dec’25), up 21.6% YoY / 7.1% QoQ
  • Secured book share at 48.1% (Dec’25) vs 39.3% (Dec’24) and 46.8% (Sep’25)
  • Highest ever quarterly disbursement at ₹8,293 Crore up 54.7% YoY / 4.5% QoQ
  • Micro Banking Disbursement at ₹4,688 Crore up 62.4% YoY / 10.1% QoQ

Collection and Asset Quality

  • Group and Individual Loan Bucket-X collection efficiency improved for the quarter with Dec’25 at 99.7%.
  • Portfolio at Risk*/GNPA*/NNPA* improved to 3.98%/2.39%/0.58% respectively (Dec’25); versus 5.36%/2.68%/0.66% respectively (Dec’24).
  • Provision coverage ratio improved to 76% as of Dec’25.

Deposits

  • Deposits at ₹42,223 Crore (Dec’25) up 22.4% YoY / 7.7% QoQ
  • CASA at ₹11,535 Crore up 33.2% YoY with CASA ratio at 3% (Dec’25).
  • Retail TD^ + CASA grew 3% YoY to ₹29,395 Crore (Dec’25)
  • CoF for Q3 FY26 at 7.09%, down 25 bps over Q2 FY26

Financials

  • Reported all time highest NII of ₹1,000 Cr for Q3 FY26 up 12.8% YoY
  • NIM expanded by 33 bps to 8.23% in Q3 FY26
  • Cost to Income remains flat for the quarter at 66%; However, with adjustment for one off gratuity expenses under new labour code came below 65%.
  • Q3 FY26 PAT of ₹186 Crore up 70.8% YoY
  • Q3 FY26 RoA at 1.5% up 45 bps YoY; Q3 FY26 RoE at 11.5% up 423 bps YoY

Capital and Liquidity

  • Capital adequacy ratio at 21.6%
  • Strong liquidity with Average Daily LCR for Dec’25 at 165.6%