Ujjivan Small Finance Bank shares dropped 8% due to revised loan growth guidance to 20% and increased credit cost guidance.
Ujjivan Small Finance Bank shares plummeted 8% today following a downward revision of loan growth guidance to 20% for FY25, from the previously expected 25%. The bank also raised its credit cost guidance to 1.7% from 1.4%-1.5%. These adjustments stem from increased stress in the microfinance sector in various states, leading to the decision to slow down disbursements and augment focus on collections.
June 24, 2024
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