Bengaluru, January 4, 2026: Ujjivan Small Finance Bank Limited (NSE: UJJIVANSFB, BSE: 542904) reported steady business momentum in the third quarter of FY26, marked by strong growth in deposits, continued expansion in the loan book, healthy disbursement activity, and improving asset quality.
Deposits Growth Remains Robust
The bank’s total deposits stood at ₹42,219 crore as of December 31, 2025, registering a 22.2% year-on-year growth compared with ₹34,494 crore a year ago. On a sequential basis, deposits increased 7.5% quarter-on-quarter from ₹39,211 crore.CASA deposits rose sharply to ₹11,533 crore, up 33.1% YoY, while growing 7.0% QoQ. The CASA ratio improved to 27.3%, reflecting a stronger liability mix. The credit-deposit ratio moderated slightly to 87.8%, broadly stable compared to previous quarters.
Deposits Snapshot
| Particulars | Dec 31, 2025 | Dec 31, 2024 | YoY | Sep 30, 2025 | QoQ |
|---|---|---|---|---|---|
| Total Deposits (₹ crore) | 42,219 | 34,494 | 22.2% | 39,211 | 7.5% |
| CASA (₹ crore) | 11,533 | 8,662 | 33.1% | 10,783 | 7.0% |
| CASA Ratio (%) | 27.3% | 25.1% | – | 27.5% | – |
| Credit-Deposit Ratio (%) | 87.8% | 88.3% | – | 88.2% | – |
Loan Book Expansion Led by Secured Products
The gross loan book increased to ₹37,055 crore, reflecting 21.6% YoY growth and 7.1% QoQ growth. The expansion was driven by strong traction in secured segments such as housing, MSME, vehicle loans, gold loans, and agri banking.The secured loan book surged to ₹17,829 crore, up 48.8% YoY, taking the secured book share to 48.1% of total advances, compared with 39.3% a year ago.
Gross Loan Book Composition
| Segment (₹ crore) | Dec 31, 2025 | Dec 31, 2024 | YoY | Sep 30, 2025 | QoQ |
|---|---|---|---|---|---|
| Gross Loan Book | 37,055 | 30,466 | 21.6% | 34,588 | 7.1% |
| Group Loans | 13,685 | 13,663 | 0.2% | 13,106 | 4.4% |
| Individual Loans | 5,687 | 4,953 | 14.8% | 5,464 | 4.1% |
| Housing (incl. Micro Mortgage) | 9,560 | 6,393 | 49.6% | 8,750 | 9.3% |
| MSME | 2,863 | 1,694 | 69.0% | 2,559 | 11.9% |
| FIG | 2,661 | 2,257 | 17.9% | 2,489 | 6.9% |
| Vehicle Loans | 823 | 375 | 119.5% | 656 | 25.5% |
| Gold Loans | 557 | 115 | 385.2% | 412 | 35.3% |
| Agri Banking | 607 | 195 | 212.0% | 510 | 19.1% |
Disbursements Maintain Strong Pace
Total disbursements during Q3 FY26 rose to ₹8,311 crore, marking a 55.0% year-on-year increase and 4.8% sequential growth. Strong momentum was seen across group loans, individual loans, housing, vehicle loans, and gold loans.Q3 FY26 Disbursements
| Particulars (₹ crore) | Q3 FY26 | Q3 FY25 | YoY | Q2 FY26 | QoQ |
|---|---|---|---|---|---|
| Overall Disbursements | 8,311 | 5,362 | 55.0% | 7,932 | 4.8% |
| Group Loans | 3,464 | 2,029 | 70.7% | 3,131 | 10.6% |
| Individual Loans | 1,224 | 857 | 42.9% | 1,128 | 8.5% |
| Housing | 1,144 | 813 | 40.7% | 1,073 | 6.6% |
| MSME | 457 | 332 | 37.4% | 508 | -10.1% |
| Gold Loans | 307 | 68 | 349.6% | 214 | 43.4% |
| Vehicle Loans | 274 | 161 | 70.2% | 165 | 66.5% |
Asset Quality Continues to Improve
Asset quality metrics showed sustained improvement. Gross NPA declined to 2.39% as of December 31, 2025, compared with 2.68% a year earlier. PAR reduced to 3.98%, down from 5.36% last year. Collection efficiency in the micro banking portfolio remained strong, consistently above 99.5% during the quarter.Asset Quality Snapshot
| Metric | Dec 31, 2025 | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|---|
| PAR (%) | 3.98% | 4.44% | 5.36% |
| GNPA (%) | 2.39% | 2.45% | 2.68% |
About the Company
Ujjivan Small Finance Bank Limited is a listed small finance bank in India, offering a diversified portfolio of banking products across microfinance, retail, MSME, and affordable housing segments, with a strong focus on financial inclusion and secured lending growth.Source:
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