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Institution (“MFI”) branches to bank branches within 3 (three) years from the commencement of banking operations. As of March 31, 2020, The Bank operated a network of 575 Bos, including 144 in uRC, complying with the RBI prescribed norm of 25% of the Bos to be situated in uRC and 475 AtMs including 52 Automated Cash Recyclers (ACRs).
the Bank successfully completed its Initial public offer (“Ipo”) as per regulatory requirements and got listed its equity shares on national Stock exchange of India limited (“NSE”) and BSE Limited (“BSE”). IPO was over-subscribed by ~170 times. the Bank rolled out ujjivan Small Finance Bank -employee Stock option plan 2019 ("eSop 2019") and ujjivan Small Finance Bank-employee Stock purchase Scheme 2019 ("eSpS 2019") for the eligible employees of the Bank and of Ujjivan Financial Services Limited (“UFSL or Holding Company or promoter”) at a preferential rate prior to the IPO.
the Bank was adequately capitalised with Capital Adequacy Ratio ("CRAR") of ~29% as of March 31, 2020 and its funding position stayed comfortable throughout the year. the Bank took a prudent call to build a liquidity buffer in the wake of the CoVID-19 situation.
Summary Of financial PerfOrmance
Revenue from Operations Other Income
less: Operational Expenses
Personnel Expenses
Profit/loss before Depreciation, Finance Costs, Exceptional items, Provisions and Tax Expense
Less: Depreciation/ Amortisation/ Impairment
Profit /loss before Finance Costs, Exceptional items, Provisions and Tax Expense
Less: Finance Costs
Profit /loss before Provisions, Exceptional items and Tax Expense
Less: Provisions & Contingencies Add/(less): Exceptional items
Profit /loss before Tax Expense
Less: Tax Expense (Current & Deferred) Profit /loss for the year (1)
Total Comprehensive Income/loss (2)
Total (1+2)
Balance of profit /loss for earlier years
Less: Transfer to Debenture Redemption Reserve less: transfer to Statutory Reserves
Less: Transfer to investment Fluctuation Reserve less: Dividend paid on equity Shares
Less: Dividend paid on Preference Shares
Less: Dividend Distribution Tax
Balance carried forward
(` in Crores)
1,831.61 205.96
(423.96)
(518.80)
1,094.81
(60.59)
1,034.22
(725.20)
309.02
(40.60) -
268.42
(69.20)
199.22 - 199.22 5.17 - 49.80 9.70 - 22.00 4.53 118.36
the Bank stayed committed to its Corporate Social Responsibility initiatives and spent `12,466,821 during the year under review on several impactful activities focused on healthcare/ preventive health care, sanitisation, cleanliness, disaster relief, promoting education, safe drinking water and livelihood support. one of the key initiatives this year was the “Swachh neighbourhood” which started off as a pilot campaign for cleanliness in the neighbourhood of the Koramangala branch in Bengaluru and later scaled to 98 locations across 67 districts in 15 Indian States.
For the financial year ended March 31, 2020, net profit is `349.92 Crores against `199.22 Crores in the previous financial year ended March 31, 2019.
Mr. Samit Kumar Ghosh retired on November 30, 2019 and Mr. Nitin Chugh took over the role of Managing Director and Ceo with effect from December 01, 2019.
Mr. Sunil Vinayak patel also retired as the part-time Chairman of the Bank on January 31, 2020 and resigned as an Independent Director w.e.f February 01, 2020.
Mr. Biswamohan Mahapatra was appointed as the Part- time Chairman of the Bank for a period of 3 (three) years w.e.f April 28, 2020.
STATUTORY REPORTS
Particulars
financial year ended march 31, 2020
financial year ended march 31, 2019
2,703.60
322.21
(527.46)
(718.49)
1,779.86
(72.63)
1,707.23
(1,070.01)
637.23
(170.99)
-
466.24
(116.32)
349.92
349.92
-
118.36
-
87.48
5.53
-
11.00
2.26
362.01
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