Latest news with #SFB
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Business Standard
4 days ago
- Business
- Business Standard
Ujjivan Rewardz: Earn points for UPI, bill pay, debit spends & more
Ujjivan Rewardz lets you earn points for everyday banking, UPI, bill payments, debit card use and more, with rewards redeemable for shopping, travel, and recharges. Ujjiwan sfb New Delhi Ujjivan Small Finance Bank (SFB) has rolled out Ujjivan Rewardz, a loyalty programme that rewards customers with points for everyday banking transactions such as UPI payments, bill payments, fund transfers, and debit card usage. According to the bank, the programme aims to encourage customers to adopt digital banking while adding value to routine financial activities. Points for regular transactions According to the details available on the bank's website, customers can earn reward points in multiple ways: Opening a savings account: Users can earn up to 800 points depending on the account type. For instance, the Maxima Savings account fetches the highest reward. Bill payments and loan repayments: Bill payments made through Ujjivan's mobile banking, net banking, or Hello Ujjivan app are eligible for rewards. Customers can earn up to 25 points for large-value payments. Registering for digital services: Signing up for services like internet banking, WhatsApp banking, mobile banking, or Hello Ujjivan earns 20 points each. Spending via debit card: Customers earn one point for every Rs 100 spent using their RuPay debit card. Similarly, one point is awarded for every Rs 2,500 transferred via UPI or other fund transfer methods like NEFT and IMPS. Each reward point is valued at Rs 0.25, which means 4,000 points are equivalent to Rs 1,000 in redeemable value. How to redeem According to the bank, customers can redeem points once they accumulate at least 4,000 points. Redemption is done through a dedicated rewards portal, where users can choose from vouchers for shopping, entertainment, travel, and mobile recharge. Points remain valid for two years from the date of earning, giving customers flexibility to accumulate and use them at their convenience. Why it matters According to Ujjivan SFB, this initiative is designed to build stronger digital engagement, promote cashless banking, and reward loyal customers for everyday financial behaviour. The bank has partnered with to power the programme and offer personalised experiences and rewards based on customer behaviour. Bottom line Ujjivan Rewardz turns routine banking into a rewarding experience. Whether you're opening an account, paying bills, or simply using your debit card, each transaction now brings you closer to real financial benefits. For digitally inclined savers, this could be a small but meaningful incentive to stay loyal and stay digital.
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Business Standard
30-04-2025
- Business
- Business Standard
Ujjivan SFB Q4 results: PAT slumps 75% to Rs 83 cr, income rises 4.4%
Ujjivan Small Finance Bank (SFB) on Wednesday reported a slump of 75 per cent in net profit to Rs 83.39 crore for three months ended March 2025, hurt by higher provisions for bad loans. The bank had posted a net profit of Rs 329.63 crore in the year-ago period. Its total income rose to Rs 1,843 crore in the January-March quarter of the financial year 2024-25 (FY25) from Rs 1,765 crore in the year-ago period, Ujjivan Small Finance Bank said in a regulatory filing. Overall provisions, excluding tax, rose to Rs 264.50 crore in the quarter under review from Rs 79 crore in the same quarter a year ago. Provision Coverage Ratio of the bank stood at 78 per cent at the end of the March 2025 quarter. The bank's total expenditure, excluding provisions, shot up to Rs 1,483 crore from Rs 1,246 crore. On the asset quality front, the bank's gross non-performing assets ratio improved to 2.18 per cent against 2.23 per cent a year ago. However, net NPAs, or bad loans, rose to 0.49 per cent from 0.28 per cent at the end of the fourth quarter last fiscal year. For the entire financial year 2024-25, Ujjivan Small Finance Bank's net profit plunged to Rs 726 crore from Rs 1,281.50 crore in the preceding fiscal and total income stood at Rs 7,201 crore in FY25 from Rs 6,464 crore in FY24.
Hans India
30-04-2025
- Business
- Hans India
Ujjivan Small Finance Bank reports 74.7 pc net profit drop in Q4, NII down 7.4 pc
Mumbai: Ujjivan Small Finance Bank (SFB) on Wednesday reported a 74.7 per cent sharp decline in its net profit at Rs 83.4 crore for the fourth quarter (Q4) of FY25, compared to Rs 329.6 crore in the same quarter last fiscal. This decline in earnings was mainly due to increased provisioning and a slowdown in interest income, caused by changes in the bank's business mix. In the fourth quarter, Ujjivan SFB's Net Interest Income (NII) came in at Rs 864.4 crore, down 7.4 per cent from Rs 933.5 crore in the same period a year ago. However, the bank's asset quality showed improvement on a quarter-on-quarter (QoQ) basis, as per its stock exchange filing. The Gross Non-Performing Assets (GNPA) dropped to 2.18 per cent from 2.68 per cent in the previous quarter, and the Net NPA also improved to 0.49 per cent from 0.56 per cent. The bank's Provision Coverage Ratio (PCR) remained strong at 78 per cent, backed by accelerated provisioning of Rs 46 crore during the quarter. PCR is an important financial indicator for banks, reflecting their ability to cover potential losses from non-performing loans. Additionally, Ujjivan SFB saw healthy growth in its deposits. Total deposits rose by 20 per cent year-on-year (YoY), reaching Rs 37,630 crore. The bank also recorded strong growth in its CASA (Current Account Savings Account) ratio, which improved to 25.5 per cent, up 43 basis points from the previous quarter. The gross loan book increased to Rs 32,122 crore -- a 5 per cent rise from the previous quarter and an 8 per cent increase from the same period previous fiscal. One of the key highlights for the bank was the growth in its secured loan portfolio, which now constitutes 44 per cent of the total loan book, up from 30 per cent during a year-ago period. Ujjivan SFB also set a record in loan disbursements, with Rs 7,440 crore disbursed in Q4 -- a 39 per cent QoQ growth. This was driven by a strong performance in micro-banking and individual loan segments. Following the result declaration, the shares of the small finance bank was down by over 3 per cent to Rs 42.56 on the National Stock Exchange (NSE) on Wednesday.
Business Standard
23-04-2025
- Business
- Business Standard
AU SFB jumps as Q4 PAT climbs 36% YoY to Rs 504 cr
AU Small Finance Bank (SFB) surged 5.58% to Rs 647.50 after the bank reported a standalone net profit of Rs 503.69 crore in Q4 FY25, up 35.86% as against Rs 370.73 crore posted in Q4 FY24. Total income surged 49.27% to Rs 5,031.26 crore in Q4 FY25, compared with Rs 3,370.51 crore posted in Q4 FY24. Profit before tax was at Rs 657.14 crore in the fourth quarter of FY25, registering a growth of 44.47% year-on-year. Net interest income (NII) stood at Rs 2,094 crore in Q4 FY25, up 57% YoY. Net interest margin (NIM) stood at 5.8% in Q4 FY25, compared to 5.1% in Q4 FY24. The banks pre-provisioning operating profit (PPoP) for Q4 FY25 grew 99% YoY to Rs 1,292 crore, compared to Rs 650 crore in Q4 FY24. The bank's total deposits increased 42.53% YoY to Rs 1,24,269 crore in Q4 FY25. CASA deposits increased by 24.46% YoY to Rs 36,253 crore in Q4 FY25, compared to Rs 29,126 crore in Q4 FY24; CASA ratio was at 29%. On the asset quality front, the bank's gross non-performing assets (NPAs) stood at Rs 2,477.02 crore as on 31 March 2025 as against Rs 1,237.40 crore as on 31 March 2024. The bank's net non-performing assets (NPAs) stood at Rs 791.34 crore as on 31 March 2025 as against Rs 400.98 crore as on 31 March 2024. The ratio of net NPA to gross advances stood at 2.28% as on 31 March 2025 as against 1.67% as on 31 March 2024. The ratio of net NPA to net advances stood at 0.74% as on 31 March 2025 as against 0.55% as on 31 March 2024. Sanjay Agarwal, Founder, MD & CEO, AU Small Finance Bank said, We are coming out of a tough macroeconomic environment marked by persistent inflation, tight liquidity, a challenging credit environment, and lower-than-expected GDP growth. As we enter FY26, the economic outlook remains uncertain, driven largely by global factors such as tariff war and geopolitical developments. However, India is comparatively well-positioned, with both the Central Government and the RBI implementing supportive measures including tax rationalization, interest rate cuts, and the injection of durable liquidity into the banking system. Against this backdrop, we have delivered a strong performance with higher than sectoral growth in both deposits and advances. We made meaningful progress on productivity and efficiency, which enabled us to deliver stronger profitabilityeven amid a credit cycle in unsecured businesses of microfinance and credit cards. As we celebrate 30 years of AU and 8 years of our banking journey, we remain focused on building an institution that can truly scale with sustainability. I want to express my sincere gratitude to all stakeholders for their continued trust and support. We remain committed to driving financial inclusion, empowering individuals and businesses, and contributing towards strengthening Indias economic resilience and advancing sustainable growth. On a full-year basis, the company's net profit surged 37.21% to Rs 2105.92 crore on a 51.73% surge in revenue from operations to Rs 18590.04 crore in FY24 over FY23. Meanwhile, the board of directors has recommended a dividend of Rs 1 per equity share of Rs 10 each for the financial year ended 31 March 2025, subject to approval of shareholders at the ensuing annual general meeting (AGM) of the bank. The dividend on equity shares will be paid after the same is approved by the shareholders at the ensuing AGM of the bank. AU Small Finance Bank is engaged in providing a range of banking and financial services, including retail banking, wholesale banking, treasury operations, and other services.
Business Standard
22-04-2025
- Business
- Business Standard
AU SFB Q4 PAT climbs 36% YoY to Rs 504 cr
AU Small Finance Bank (SFB) reported a standalone net profit of Rs 503.69 crore in Q4 FY25, up 35.86% as against Rs 370.73 crore posted in Q4 FY24. Total income surged 49.27% to Rs 5,031.26 crore in Q4 FY25, compared with Rs 3,370.51 crore posted in Q4 FY24. Profit before tax was at Rs 657.14 crore in the fourth quarter of FY25, registering a growth of 44.47% year-on-year. Net interest income (NII) stood at Rs 2,094 crore in Q4 FY25, up 57% YoY. Net interest margin (NIM) stood at 5.8% in Q4 FY25, compared to 5.1% in Q4 FY24. The banks pre-provisioning operating profit (PPoP) for Q4 FY25 grew 99% YoY to Rs 1,292 crore, compared to Rs 650 crore in Q4 FY24. The bank's total deposits increased 42.53% YoY to Rs 1,24,269 crore in Q4 FY25. CASA deposits increased by 24.46% YoY to Rs 36,253 crore in Q4 FY25, compared to Rs 29,126 crore in Q4 FY24; the CASA ratio was at 29%. On the asset quality front, the bank's gross non-performing assets (NPAs) stood at Rs 2,477.02 crore as on 31 March 2025, as against Rs 1,237.40 crore as on 31 March 2024. The bank's net non-performing assets (NPAs) stood at Rs 791.34 crore as on 31 March 2025, as against Rs 400.98 crore as on 31 March 2024. The ratio of gross NPAs to gross advances stood at 2.28% as on 31 March 2025, as against 1.67% as on 31 March 2024. The ratio of net NPA to net advances stood at 0.74% as on 31 March 2025, as against 0.55% as on 31 March 2024. Sanjay Agarwal, Founder, MD & CEO, AU Small Finance Bank, said, We are coming out of a tough macroeconomic environment marked by persistent inflation, tight liquidity, a challenging credit environment, and lower-than-expected GDP growth. As we enter FY26, the economic outlook remains uncertain, driven largely by global factors such as tariff wars and geopolitical developments. However, India is comparatively well-positioned, with both the central government and the RBI implementing supportive measures, including tax rationalization, interest rate cuts, and the injection of durable liquidity into the banking system. Against this backdrop, we have delivered a strong performance with higher than sectoral growth in both deposits and advances. We made meaningful progress on productivity and efficiency, which enabled us to deliver stronger profitabilityeven amid a credit cycle in unsecured businesses of microfinance and credit cards. As we celebrate 30 years of AU and 8 years of our banking journey, we remain focused on building an institution that can truly scale with sustainability. I want to express my sincere gratitude to all stakeholders for their continued trust and support. We remain committed to driving financial inclusion, empowering individuals and businesses, and contributing towards strengthening Indias economic resilience and advancing sustainable growth. Meanwhile, the board of directors has recommended a dividend of Rs 1 per equity share of Rs 10 each for the financial year ended 31 March 2025, subject to approval of shareholders at the ensuing annual general meeting (AGM) of the bank. The dividend on equity shares will be paid after the same is approved by the shareholders at the ensuing AGM of the bank. AU Small Finance Bank is engaged in providing a range of banking and financial services, including retail banking, wholesale banking, treasury operations, and other services. Shares of AU Small Finance Bank declined 1.59% to end at Rs 617 on the BSE.
