Ujjivan Small Finance Bank Limited — Important, 21-02-2025: General Updates

The authorized Board Committee of Ujjivan Small Finance Bank has approved the sale of non-performing assets (NPA) and written-off loans to an Asset Reconstruction Company. The proposal covers a micro banking pool with a total value of ₹364.51 Crore, consisting of ₹294.51 Crore categorized as NPA (more than 150 days past due) and ₹70 Crore termed as technically written off. The bank holds an overall provision of 66.51% against this pool. This strategic move aims to enhance the bank's balance sheet by reducing distressed assets, which could positively influence future financial performance and investor sentiment.