Ujjivan Small Finance Bank reported a 31% year-on-year increase in disbursements and a 21% rise in deposits for Q4 FY26. Notably, gold loans demonstrated a remarkable surge of 263%, indicating robust growth in this specific segment.

HSBC keeps a Buy rating on Ujjivan Small Finance Bank but reduces its target price to Rs 67 from Rs 78 due to concerns about weaker future earnings. The bank warns of potential impacts on Assets Under Management (AUM) growth, margins, and EPS, as well as pressure on liabilities and asset quality risks, possibly linked to ongoing Middle-East conflicts.