Ujjivan SFB FY26: Loan book ₹40,655 cr, GNPA 2.27%

Results snapshot: what the bank reported

Ujjivan Small Finance Bank (Ujjivan SFB) reported its financial performance for the quarter and full year ended March 31, 2026, highlighting strong balance sheet growth and an improvement in asset quality. As of March 2026, the bank’s total deposits rose to ₹45,668 crore, while the gross loan book reached ₹40,655 crore. The update also pointed to a rising share of secured lending in the overall portfolio, alongside a higher CASA ratio.

The disclosures included multiple period comparisons, especially against December 2025 and earlier annual markers, giving a clearer picture of momentum across deposits, loans, and credit quality indicators.

Balance sheet scale: deposits, loans, and the ₹50,000 crore milestone

As of March 2026, Ujjivan SFB said its balance sheet crossed ₹50,000 crore. Total deposits stood at ₹45,668 crore, reflecting 21.4% year-on-year (YoY) growth and 8.2% quarter-on-quarter (QoQ) growth. In another disclosure of the same period, deposits were also stated at ₹45,661 crore, with 21.3% YoY and 8.1% sequential growth.

On the lending side, the gross loan book (GLB) grew 26.6% YoY and 9.7% QoQ to ₹40,655 crore as of March 2026. The combination of deposit growth and loan expansion was presented as a key driver of the bank’s overall balance sheet trajectory through FY26.

Loan book drivers: record disbursements and secured push

The March 2026 update attributed loan growth to “highest-ever quarterly disbursements” of ₹9,811 crore. A separate quarterly reference in the data set also mentioned record disbursements of ₹8,293 crore for the December 2025 quarter, alongside GLB growth.

A notable portfolio shift was the rise in secured lending. Secured advances were reported to be up 44% YoY and comprised 49% of the gross loan book as of March 2026. The secured portfolio was also quantified at ₹20,079 crore, up 43.5% YoY, indicating that the secured book expansion was running faster than overall GLB growth.

Deposit franchise: growth rate and better CASA mix

Deposits rose to ₹45,668 crore as of March 2026, up 21.4% YoY and 8.2% QoQ, as per the bank’s update. The CASA ratio improved to 28.6% by March 2026, up from 25.5% previously (as referenced in the provided historical comparison).

For the December 2025 quarter, the data cited deposits of ₹42,223 crore, up 22.4% YoY and 7.7% QoQ, with a credit-deposit ratio of 88% as of Dec’25. The same period also appears in another datapoint as ₹42,219 crore as of December 31, 2025.

Asset quality: GNPA and NNPA improved by March 2026

Asset quality metrics improved by March 2026 based on the reported figures. GNPA was stated at 2.27% and NNPA at 0.43% as of March 31, 2026, compared with 2.39% and 0.58% as of December 2025.

The data also included a year-back comparison where GNPA was said to have fallen to 2.27% as of March 31, 2026 from 4.54% a year earlier. Separately, another line item for March 2026 rounded these indicators to GNPA at 2.3% and NNPA at 0.4%.

Quarterly trend check: December 2025 indicators

For the quarter ended December 2025, Ujjivan SFB reported deposits at ₹42,223 crore and GLB at about ₹37,055 crore to ₹37,057 crore, with YoY loan growth cited at 21.6%. The same quarter included portfolio risk indicators: portfolio at risk (PAR) at 3.98%, GNPA at 2.39%, and NNPA at 0.58% (Dec’25), versus PAR 5.36%, GNPA 2.68%, and NNPA 0.66% (Dec’24).

The December quarter data set also referenced moderation in slippages, stated at ₹221 crore in Q3FY26.

Historical context: March 2025 and June 2024 markers

For the year and quarter ending March 31, 2025, the data set referenced total deposits of 37,630 crore (shown with a euro symbol in the source text) and a 20% YoY increase. It also mentioned a gross loan book of ₹32,122 crore for FY25, and asset quality readings of GNPA at 2.2% and NNPA at 0.5%, with provision coverage ratio (PCR) at 78%.

Going further back, June 2024 figures in the dataset cited deposits at ₹32,514 crore (up 22% YoY), a gross loan book of ₹30,069 crore (up 19% YoY), and GNPA/NNPA at 2.3%/0.4%. The same June 2024 update cited a PCR of 84% and a credit-deposit ratio of 85% (including IBPC/securitisation), and showed the secured book at 31.3% of loans.

Key reported numbers at a glance

Market impact: what these metrics usually signal for investors

The reported FY26 numbers point to two key operating signals investors often track in banks: balance sheet growth and credit quality. Deposit growth to ₹45,668 crore and GLB expansion to ₹40,655 crore show scale-up, while the shift toward secured lending, reported at 49% of the book, suggests a change in portfolio mix.

On the risk side, the improvement in GNPA and NNPA to 2.27% and 0.43% by March 2026, along with the sequential improvement from December 2025 levels, provides a cleaner asset quality snapshot versus earlier periods cited in the dataset. Separately, the higher CASA ratio of 28.6% by March 2026, compared with 25.5% previously, indicates a better funding mix as per the disclosed ratios.

Conclusion: the FY26 picture and the next reference points

Ujjivan SFB’s March 2026 update showed deposits at ₹45,668 crore, a gross loan book of ₹40,655 crore, and improved asset quality with GNPA/NNPA at 2.27%/0.43%. The bank also reported a higher secured share of lending, with secured advances at 49% of the book and a secured portfolio of ₹20,079 crore.

The next reference points for tracking the trajectory will be subsequent quarterly disclosures on deposit mix, secured book expansion, disbursement run-rate, and whether GNPA/NNPA levels sustain around the March 2026 readings.