NIFTY 50

Moneycontrol Pro Ideas For Profit: Here’s why Ujjivan Small Finance is in focus

Updated : January 18, 2021 12:12 PM IST

Ujjivan Small Finance Bank (USFB) had a stellar listing in 2019. The stock, however, lost momentum in the wake of the pandemic because of twin concerns on growth as well as asset quality. However, with the COVID-19 vaccine in sight and with the economy recovering, collection efficiency at USFB is improving.

There are four states where the collection efficiency is still below the company average, but they have Rs 299 crore as COVID provision and could provide more in FY21. Disbursements too are gradually improving.

Moneycontrol.com’s Madhuchanda Dey gives more details on the stock’s performance in the special segment ‘Moneycontrol Pro Ideas For Profit’.

Watch the video for more
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV

recommended for you