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buying and selling Ujiban small share

Ujjivan Small Finance Bank expects growth in the July-September quarter to be similar to the first quarter of the financial year, Ittira Davis, the bank’s managing director and chief executive, said on Monday. .

The bank’s business momentum looks healthy, asset quality is improving, and net non-performing assets (NPA) were the lowest across lenders for the quarter, Davis said.

“Dividends are going well. Festive season is just around the corner and there are pick-ups. The only dampening factor we’re watching closely is interest rates,” he told CNBC-TV18 in an exclusive interview.

He thinks the market could slow down if interest rates rise further, but so far so good and banks are on the right track for the rest of the year. Banks’ overall balance sheet growth is in the range of 25-30% annually.

Ujjivan Small Finance Bank has raised Rs 475 million through the Qualified Institutional Investor Offering (QIP) route. “We have raised a total of Rs 775 crore for capital and the capital ratio is now back to pre-COVID levels. Combined Tier-I and Tier-II is 26%. will be all the impetus for our growth and reverse mergers,” he said.

Davis noted that since COVID-19, the response to policy and general insurance is picking up as people are looking more positively at health insurance these days.

“There is a credit life linked to payments as more payments take up that part of the insurance as well. So if we see record levels of payments, insurance will follow suit,” he said. rice field.

When asked if the bank was considering inorganic opportunities, he said: Once the reverse merger is complete, you can look for inorganic opportunities. “

Watch the attached video for the full interview

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