Ujjivan Small Finance Bank Delivers 22% Deposit Growth and 22% Loan Book Expansion in Q3 FY26

Ujjivan Small Finance Bank Limited showcased robust business momentum for the quarter and nine months ended December 31, 2025 (Q3 FY26), with total deposits surging 22.2% year-over-year (YoY) to ₹42,219 crore from ₹34,494 crore, and the gross loan book expanding 21.6% YoY to ₹37,055 crore. Sequential quarter-on-quarter (QoQ) growth remained strong at 7.5% for deposits and 7.1% for loans. Figures for Q3 FY26 are provisional and subject to audit/limited review.

Deposits and Funding Profile

Deposits hit ₹42,219 crore, up 7.5% QoQ from ₹39,211 crore. CASA deposits grew sharply to ₹11,533 crore, reflecting 33.1% YoY and 7.0% QoQ gains, lifting the CASA ratio to 27.3% from 25.1% YoY. The credit-deposit ratio stood at 87.8%, stable versus 88.3% a year ago and 88.2% QoQ.

Gross Loan Book Breakdown

The loan book reached ₹37,055 crore (incl. ₹163 crore IBPC/securitization), with standout growth in high-potential segments:

Housing (incl. Micro Mortgage): ₹9,560 crore (+49.6% YoY, +9.3% QoQ).

MSME: ₹2,863 crore (+69.0% YoY, +11.9% QoQ).

Vehicle Loans: ₹823 crore (+119.5% YoY, +25.5% QoQ).

Gold Loans: ₹557 crore (+385.2% YoY, +35.3% QoQ).

Agri Banking: ₹607 crore (+212.0% YoY, +19.1% QoQ).

Group Loans (GL): ₹13,685 crore (+0.2% YoY, +4.4% QoQ).

Individual Loans (IL): ₹5,687 crore (+14.8% YoY, +4.1% QoQ).

Total secured book grew 48.8% YoY to ₹17,829 crore, now comprising 48.1% of the portfolio (up from 39.3%).

Disbursement Surge Fuels Growth

Q3 FY26 disbursements totaled ₹8,311 crore, up 55.0% YoY from ₹5,362 crore and 4.8% QoQ from ₹7,932 crore. Highlights include:

Group Loans: +70.7% YoY.
Gold Loans: +349.6% YoY.
Vehicle Loans: +70.2% YoY.
Housing: +40.7% YoY.

Improving Asset Quality

Asset quality strengthened, with PAR at 3.98% (down from 4.44% QoQ and 5.36% YoY) and GNPA at 2.39% (from 2.45% QoQ and 2.68% YoY). Q3 write-offs totaled ₹119.6 crore. Micro banking (GL & IL) Bucket X collections remained stellar at 99.70% (Dec 2025), 99.63% (Nov), and 99.56% (Oct).

Ujjivan's focus on secured, high-growth segments like housing, MSME, and gold loans, combined with deposit mobilization and pristine collections, positions it strongly for FY26 amid rising small finance bank competition.

The information with reference to Q3FY26 is provisional and subject to an audit / limited review by the statutory auditors of the Bank.

Shares of Ujjivan Small Finance Bank Limited was last trading in BSE at Rs. 55.72 as compared to the previous close of Rs. 53.36. The total number of shares traded during the day was 981507 in over 6870 trades.

The stock hit an intraday high of Rs. 56.11 and intraday low of 52.61. The net turnover during the day was Rs. 54197760.00.

Source : Equity Bulls

Keywords

UjjivanSmallFinanceBank INE551W01018 Q3FY26 BusinessUpdate