Ujjivan Small Finance Bank sees 10% growth in advances despite 12% drop in microfinance

Ujjivan Small Finance Bank reported a rise in advances to Rs 30466 crore, despite its microfinance business shrinking. The bank's gross non-performing assets ratio increased to 2.7%. The portfolio at risk also rose, aligning with stress in the microfinance sector. The bank is reducing its microfinance weightage and increasing secured loans. Deposits grew to Rs 34496 crore.