- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
Loading...
Ujjivan Small Finance Bank has finalized the sale of a stressed loan portfolio, which includes written-off loans, to an Asset Reconstruction Company (ARC) for ₹40.55 crore. The outstanding value of the loan pool as of September 30, 2024, was approximately ₹270.35 crore. This strategic move aims to enhance the bank's asset quality and financial stability, suggesting prudent management of non-performing assets. Investors should monitor this development closely, as it could positively impact the bank's balance sheet and recovery trajectory while also hinting at a broader strategy for managing stressed assets.