Ujjivan Small Finance Bank Limited — Important, 15-11-2024: General Updates

The authorized Board Committee of Ujjivan Small Finance Bank has approved the sale of non-performing assets (NPAs) and written-off loans to an Asset Reconstruction Company (ARC). The proposed pool size for MicroBanking amounts to ₹270.35 crore, which includes ₹207.98 crore categorized as NPA (over 180 days past due) and ₹62.36 crore in written-off loans. The bank has maintained an overall provision of 85.61% against this pool. The completion of this transaction will be communicated separately. This strategic move is aimed at cleaning up the balance sheet and improving the bank's asset quality. Investors should monitor this development closely as it could enhance the bank’s financial stability and operational performance.