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Annual Report 2024-2025

img Annual Report 2024-2025
Financial
Institutions &
Government
Banking
Group (FIGB)

Empowering Institutions,
Driving Development.

We have steadily developed the Financial Institutions & Government Banking (FIGB) vertical at Ujjivan into a vital enabler of our wholesale business, emphasising its strategic relevance since our inception. Established with the initial objective of cultivating relationships with financial institutions for liability mobilisation and setting counterparty limits, the vertical has since widened its scope of operations substantially. Over time, it gained meaningful traction across both asset and liability portfolio, reaffirming its position as a crucial contributor to Ujjivan’s institutional banking platform.

Our FIGB segment commenced its operations in 2017 with a focus on deposit mobilisation from banks and financial institutions. Over time, it gained early-mover advantage as we emerged as one of the first SFBs to issue Certificates of Deposit (CDs), raising funds from banks and mutual funds. Keeping the momentum going, the vertical entered the wholesale lending space in FY 2018-19, catering to Non Bank Finance Companies (NBFC), Microfinance Institutions (MFI) and Housing Finance Companies (HFC). As of FY 2024-25, FIGB stands as one of our core business segments with Assets under Management (AUM) of ₹ 2,787.5 Crores and liabilities exceeding ₹ 10,000 Crores. The vertical also manages a wide array of borrowing programmes including refinance, term loans, Inter Bank Participation Certificate (IBPC), Overdraft (OD) and securitisation under the guidance of Asset Liability Committee (ALCO) and the Board.

The FIGB segment proficiently tackles the diverse requirements of institutional clients, including Non Bank Finance Companies (NBFC), Microfinance Institutions (MFI), government departments, Public Sector Undertaking (PSU), large corporates and mutual funds. On the asset side, it supports the working capital and onward lending requirements of the clients. While on the liabilities front, it offers transactional banking solutions, bulk deposits and margin fixed deposits, among others. Driven by an experienced team, sound risk management practices and strong compliance framework, the FIGB vertical maintains exemplary portfolio quality with well controlled credit costs since inception and no major audit observations.

Performance Dashboard

₹ 2,646 Crores

Disbursements

68 % YoY

₹ 2,787.50 Crores

Gross Loan Outstanding Portfolio

54 % YoY

₹ 10,042 Crores

Deposit, Current Account and Term Money

28 % YoY

₹ 254 Crores

Current Account EOP

48 % YoY

₹ 100%

Month-to-Month
Collection Efficiency

Active Client Relationships

512

Liabilities

59

Assets

( Growth in FY 2024-25 in Comparison of FY 2023-24)

Highlights of FY 2024-25

  • Scaled asset portfolio to ₹ 2,787.5 Crores in FY 2024-25, registering a 61% YoY growth; disbursed ₹ 2,646 crores during the year, driven by strategic lending to reputed A, AA and AAA rated NBFCs
  • Crossed ₹ 10,000 Crores in liabilities book, with an increase of ₹ 2,199 Crores from the previous year. Added over 80 new liability relationships, including successful empanelment with the Haryana State Government
  • Launched Working Capital Demand Loan (WCDL) product in October 2024, now contributing to over 20% of the FIG asset book. Unveiled ESCROW and modified OD/FD programmes in collaboration with Mid, Small and Micro Enterprises (MSME) and Branch Banking (BB) teams
  • Strengthened digital capabilities for government and institutional clients by enabling widespread adoption of Public Financial Management System (PFMS), Business Net Banking and Collection solutions including e-collections via UPI/QR, NACH etc
  • Onboarded 16 new FIGB asset clients and significantly broadened the liability base through strategic relationship-building

Opportunity Landscape

The institutional banking landscape continues to offer wide-spread opportunities, particularly in extending credit to well-rated Non-Bank Finance Companies (NBFC) and promoting financial inclusion through targeted support to Microfinance Institutions (MFI). With the accelerating digital transformation within government and public sector ecosystem, banks with advanced digital infrastructure, including PFMS integration, business net banking and Application Programming Interface (API)-based solutions, are well-positioned to gain traction. Furthermore, the growing need for diversified funding sources among institutional entities is elevating the importance of specialised offerings like Working Capital Demand Loan (WCDL), escrow programmes and customised digital solutions. These bespoke offerings are fast becoming the critical differentiators in forging long-term institutional partnerships.

Outlook

The FIGB segment is poised to sustain its upward momentum in FY 2025-26, continuing to play a dual role of balance sheet diversification and revenue generation. As we enhance our engagement with government and institutional clients, further traction in liability mobilisation is anticipated. The rollout of flexible credit products, robust digital payment solutions and expanding geographic outreach, FIGB is expected to capitalise on evolving institutional needs. Going forward, we will focus on maintaining portfolio quality, enhancing customer experience and strengthen our reputation as a trusted institutional banking partner.

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