Utkarsh Small Finance Bank Limited has moved forward with its amalgamation process by filing a joint second motion petition before the National Company Law Tribunal (NCLT) on April 05, 2026. The petition seeks sanction for the proposed scheme of amalgamation between the bank and Utkarsh CoreInvest Limited.

Regulatory Filing Details

The joint second motion petition was filed by both Utkarsh Small Finance Bank Limited and Utkarsh CoreInvest Limited before the Hon'ble NCLT under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013. The filing represents the next crucial step in the amalgamation process following the successful completion of stakeholder approvals.

Prior Approvals and Timeline

The bank had previously secured the necessary approvals from its stakeholders for the amalgamation scheme. According to the bank's communication dated April 01, 2026, the scheme received approval from equity shareholders and unsecured creditors with the requisite majority at their respective meetings. These meetings were convened pursuant to the directions of the Hon'ble National Company Law Tribunal, Allahabad Bench, Prayagraj.

Next Steps in Amalgamation Process

With the filing of the second motion petition, the amalgamation scheme now awaits sanction from the NCLT. The tribunal will review the petition along with the stakeholder approvals and other relevant documentation before making its decision on the proposed amalgamation between Utkarsh Small Finance Bank Limited and Utkarsh CoreInvest Limited.

The bank has made this disclosure available on its official website at www.utkarsh.bank.in , ensuring transparency and accessibility of information for all stakeholders and the investing public.

Utkarsh Small Finance Bank has released its official business updates for Q4FY26 and the year ended March 31, 2026, under SEBI Listing Regulations. Filed on April 5, 2026, the disclosure demonstrates strong operational performance across multiple business segments, with significant growth in disbursements and improved asset quality metrics.

Disbursement Performance Shows Strong Growth

The bank achieved remarkable growth in its lending operations during Q4FY26. Total disbursements reached ₹4,207 crore, representing a substantial 30.1% increase compared to ₹3,235 crore in Q4FY25. The quarter-on-quarter performance was even more impressive, with disbursements growing 46.1% from ₹2,880 crore in Q3FY26.

Non-JLG disbursements showed particularly strong performance with 51.4% year-on-year growth, while JLG disbursements recorded a 58.2% quarter-on-quarter increase.

Loan Portfolio Composition and Performance

The bank's gross loan portfolio stood at ₹19,333 crore in Q4FY26, showing a marginal 1.7% decline from ₹19,666 crore in Q4FY25, but registering a 5.6% increase from Q3FY26. The portfolio composition reflected a strategic shift towards non-JLG lending, with the JLG to Non-JLG ratio changing to 30:70 from 47:53 in the previous year.

The portfolio mix also showed improved diversification with the secured to unsecured ratio at 51:49 compared to 43:57 in the previous year. The micro-banking to non-micro-banking ratio stood at 38:62.

Deposit Growth and Composition

The bank maintained a stable deposit base with total deposits of ₹21,654 crore in Q4FY26, representing a modest 0.4% year-on-year growth. CASA deposits demonstrated strong performance, growing 10.6% year-on-year to ₹5,196 crore and 12.7% quarter-on-quarter.

The CASA ratio improved to 24.0% from 21.8% in Q4FY25, while the combined CASA and retail term deposits ratio reached 82.7%.

Asset Quality and Operational Metrics

The bank demonstrated significant improvement in asset quality metrics during FY26. Collection efficiency in the micro-banking segment reached 99.7% in Q4FY26, showing consistent improvement from 98.7% in Q1FY26. The SMA pool percentage declined substantially to 1.3% in Q4FY26 from 5.1% in Q1FY26.

Specifically for Bihar state micro-banking operations, the collection efficiency reached 99.8% in March 2026. The bank maintained a robust liquidity position with a Liquidity Coverage Ratio of 177% as of March 31, 2026, well above regulatory requirements. The bank noted that Q4FY26 and FY26 figures are provisional and subject to audit by joint statutory auditors and approval by the audit committee and board of directors.