Utkarsh Small Finance Bank has released its business updates for Q4FY26 and the year ended March 31, 2026, demonstrating strong operational performance across multiple business segments. The bank reported significant growth in disbursements and maintained stable deposit levels while improving 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.

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.

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.

Utkarsh Small Finance Bank has completed its mandatory regulatory filing by submitting certificates under SEBI Regulation 74(5) for the quarter ended March 31, 2026. The submission, made on April 2, 2026, demonstrates the bank's adherence to securities market regulations and transparency requirements.

Regulatory Compliance Framework

The certificates were issued pursuant to Regulation 74(5) of Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018. This regulation mandates that companies provide detailed information about securities transactions, including dematerialization and rematerialization activities, to ensure market transparency and investor protection.

Registrar and Transfer Agent Role

KFin Technologies Limited, serving as the bank's Registrar to an Issue and Share Transfer Agent, played a crucial role in this compliance process. The company issued separate certificates to both major depositories - National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL).

Sharmila Hemant Amin, Assistant Vice President at KFin Technologies Limited, signed the certificates confirming that all required details of securities dematerialized and rematerialized during the specified period have been furnished to stock exchanges where the bank's shares are listed.

Depository Communications

The certificates were formally communicated to both depositories with specific reference numbers:

• NSDL Certificate: Reference KFIN/USBL/NSDL/74(5) E/1
• CDSL Certificate: Reference KFIN/USBL/CDSL/74(5) E/1

Both certificates contained identical confirmations regarding the bank's compliance with securities transaction reporting requirements, ensuring comprehensive coverage across India's depository infrastructure.

Corporate Structure and Operations

Utkarsh Small Finance Bank operates from its registered and corporate office located at Utkarsh Tower, NH-31 (Airport Road) Sehmelpur, Kazi Sarai, Harhua, Varanasi, Uttar Pradesh. The bank maintains its corporate identity number L65992UP2016PLC082804 and continues to serve customers through its established banking operations.

This regulatory filing represents the bank's ongoing commitment to maintaining transparency in its securities operations and ensuring compliance with SEBI regulations. The systematic approach to regulatory reporting through its appointed registrar demonstrates the bank's structured approach to corporate governance and regulatory adherence.