Event Type: Quarterly Earnings Conference Call for Q2 and H1 FY27 results

Date and Time: October 16, 2026 (time not specified in transcript)

Purpose: Discussion of quarterly and half-year ended September 30, 2026 financial results and business performance

Management Participants:

  • Ms. Carol Furtado – Whole-Time Director and Interim Chief Executive Officer
  • Mr. Balakrishna Kamath – Chief Financial Officer
  • Mr. Ashish Goel – Chief Credit Officer
  • Mr. Vibhas Chandra – Head, Micro Banking and Gold Loan
  • Mr. Hitendra Jha – Head, Retail Liabilities, Trust, Association, Society and Club (TASC) and Third-Party Product (TPP)
  • Mr. Pradeep B. – Head, Housing and Micro-Mortgage
  • Mr. Martin P S – Chief Operating Officer
  • Mr. Brajesh Cherian – Chief Risk Officer
  • Mr. Siddharth Bharadwaj – Head, Investor Relations
  • Mr. Gaurav Sah – Lead Investor Relations

Moderator: Mr. Renish Bhuva from ICICI Securities Limited

Financial Period Discussed: Quarter and half-year ended September 30, 2026 (Q2 FY27 and H1 FY27)

Forward-Looking Statements and Strategic Themes:

  • Growth guidance of 12-14% for micro banking for full year FY27
  • Target to increase secured assets to 56% of loan book by end of FY27
  • Expectation to maintain credit cost in line with H1 run rate
  • Potential ROA overshoot above guided range
  • NIM expected to decline to 8.35% in H2 due to 25 bps repo rate hike

Availability of Materials: Transcript was made available on the Bank's website at www.ujjivansfb.bank.in

Compliance Language: The document is a regulatory filing pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Financial Highlights from Presentation

Deposits:

  • Total deposits reached INR50,643 crores, up 29.2% YoY
  • CASA ratio at 26%

Loan Book:

  • Gross loan book reached INR45,699 crores, up 32.1% YoY
  • 12.4% YTD growth
  • Secured business lines now form 52.1% of loan book

Micro Banking:

  • Portfolio reached INR22,037 crores
  • 6% growth in H1 FY27
  • Bucket X collection efficiency at 99.7%
  • Added 2 lakh customers in Q2

Housing Business:

  • Affordable housing and micro mortgages combined crossed INR12,000 crores, up 38.1% YoY
  • Affordable housing crossed INR10,000 crores mark (INR10,056 crores)
  • Portfolio quality: PAR 3.7%, GNPA 1.2%
  • Balance transfer out flat at 4.3% sequentially

Micro Mortgages:

  • Loan book crossed INR2,000 crores (INR2,031 crores), up 85.7% YoY
  • GNPA at 0.7%

MSME Business:

  • Grew to INR3,871 crores, up 51.3% YoY
  • GNPA of 0.5%

Gold Loan:

  • Grew to INR1,275 crores, up 209.8% YoY
  • Added 117 branches in H1
  • Disbursement LTVs maintained below 78%

Agri Banking:

  • Grew to INR914 crores, up 79.2% YoY
  • Karnataka portfolio: INR165 crores (INR1.2 crores eligible under relief scheme)
  • Maharashtra direct agri exposure: nil

2-Wheeler Loans:

  • Grew to INR1,081 crores, up 64.8% YoY

Asset Quality:

  • Slippage ratio at 1.6% of average gross loan book
  • Credit cost at 0.7% of ATA
  • PCR stable at 85%
  • GNPA at 2.1%, NNPA at 0.3%
  • Total write-off: INR59 crores

Financial Performance:

  • Total income: INR2,450 crores
  • NII: INR1,244 crores (up 35% YoY)
  • Net interest margin: 8.4%
  • Other income: healthy 17% sequential growth
  • Operating expenses: up 6% QoQ (employee expenses +3%, other opex +10%)
  • PAT: INR365 crores (all-time high quarterly profit)
  • ROA: 2.4%, ROE: 19.7%
  • CRAR: 20.69% (improved by 33 bps)

Capital Raise:

  • Preferential equity capital raise of INR409 crores from QIBs
  • Investors: International Finance Corporation, Bajaj Life Insurance, HDFC Life Insurance, Aditya Birla Sun Life Insurance
  • Expected to increase CRAR by approximately 1.2% on pro forma basis
  • Accretion of INR0.8 per share to BVPS

MD Search Update:

  • NRC actively engaged to find successor for Mr. Sanjeev Nautiyal
  • Process expected to complete in 3-4 months from September 1

Drought Impact Assessment:

  • Karnataka: INR2,400 crores total exposure, only INR15.1 crores eligible under SLBC relief
  • Maharashtra: INR1,682 crores total exposure, only INR18 crores eligible (less than 1%)
  • No significant collection impact observed so far

IRDAI Notification:

  • Consultation paper on insurance commissions awaited
  • Final guidelines pending, submissions due October 25
  • Approximately 50% of insurance income comes from credit life

Additional Notes Section

Attachments: The regulatory filing included the full transcript of the earnings conference call

Financial Data Disclosure: The announcement contained extensive financial data for Q2 and H1 FY27 results