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Ujjivan Small Fin up 9% on selling stressed loan portfolio worth Rs 270 cr

Ujjivan Small Finance Bank's shares surged by 9% following the announcement of selling a stressed loan portfolio worth Rs 270 crore to an asset reconstruction company. This move is part of the bank's strategy to clean up its balance sheet by offloading non-performing assets. The sale includes loans that were classified as non-performing, aiming to improve the bank's asset quality and financial health. The transaction is expected to help in reducing the gross non-performing assets (GNPA) ratio and enhance the bank's focus on core business activities.

Read the Full Business Standard Article at [ https://www.business-standard.com/markets/news/ujjivan-small-fin-up-9-on-selling-stressed-loan-portfolio-worth-rs-270-cr-124112800504_1.html ]