{"id":5198,"date":"2024-11-28T11:40:26","date_gmt":"2024-11-28T06:10:26","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=5198"},"modified":"2024-11-28T11:40:28","modified_gmt":"2024-11-28T06:10:28","slug":"ujjivan-sfb-gains-2-after-selling-bad-loans-worth-rs-270-crore","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/ujjivan-sfb-gains-2-after-selling-bad-loans-worth-rs-270-crore\/","title":{"rendered":"Ujjivan SFB Gains 2% After Selling Bad Loans Worth Rs 270 Crore"},"content":{"rendered":"\n<p>The share of Ujjivan Small Finance Bank jumped over 2% to Rs 34.50 on November 28, after the Board of the company approved to sell Non Performing Assets and written off Loans aggregating to Rs 270.35 crore at their book value to a Registered ARC for Rs 40.55 crore, arrived through Swiss Challenge Method.<\/p>\n\n\n\n<p>The Swiss Challenge Method allows private entities to bid for government contracts. This move comes as the microfinance sector faces challenges, with the bank revising its earlier growth guidance downward.<\/p>\n\n\n\n<p><strong>Key Financial Metrics (Q2 FY25)<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Net profit declined <strong>23% YoY<\/strong>.<\/li>\n\n\n\n<li>Net interest income (NII) rose <strong>9.5% YoY<\/strong>.<\/li>\n\n\n\n<li>Stable asset quality: GNPA at <strong>2.5%<\/strong> and NNPA at <strong>0.6%<\/strong>.<\/li>\n<\/ul>\n\n\n\n<p>However, Ujjivan SFB retracted its earlier loan book growth guidance of 20% due to uncertainties in the microfinance segment. Shares of the bank have fallen <strong>41% YTD<\/strong>, underperforming the broader market.<\/p>\n\n\n\n<p>Do you have a news tip for Lakshmishree reporters? Please email us at&nbsp;<a>media@lakshmishree.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The share of Ujjivan Small Finance Bank jumped over 2% to Rs 34.50 on November 28, after the Board of the company approved to sell Non Performing Assets and written off Loans aggregating to Rs 270.35 crore at their book value to a Registered ARC for Rs 40.55 crore, arrived through Swiss Challenge Method. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5199,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[50],"tags":[738],"class_list":["post-5198","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-indian-market","tag-ujjivan-sfb-bad-loans"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5198","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=5198"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5198\/revisions"}],"predecessor-version":[{"id":5200,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5198\/revisions\/5200"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/5199"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=5198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=5198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=5198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}