India's Ujjivan Small Finance Bank rises after quarterly deposits jump
BUZZ-India's Ujjivan Small Finance Bank rises after quarterly deposits jump ** Shares of Ujjivan Small Finance Bank UJJI.NS rise as much as 3.1% to 67.65 rupees, last up 1.4%
** The lender's total deposits rise 29.2% in the quarter ended September 30 to 506.49 billion rupees ($5.26 billion)
** A more than 200% increase in gold loans, along with rises in group, vehicle, housing among other loans took UJJI's gross loan book to 456.99 billion rupees, a 32% rise from last year
** 19 of 19 brokerages rate the stock "buy" or higher; their median PT is 84 rupees
** YTD, stock up 25.7%
($1 = 96.2475 Indian rupees)
(Reporting by Puyaan Singh in Bengaluru)
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India's Ujjivan Small Finance Bank rises after quarterly deposits jump