Utkarsh Small Finance Bank Reports Q1 Growth in Loans and Deposits 5 days ago
Utkarsh Small Finance Bank showed positive growth in Q1. Gross Loan Portfolio increased by 2.30% to ₹19,224.00 crore. Deposits grew significantly by 16.80% to ₹21,489.00 crore. The bank's cautious lending approach coupled with successful deposit expansion suggests a focus on strengthening liquidity and creating a stable foundation for future growth.
Utkarsh Small Finance Bank: Q1 Deposits Up 18% YoY, Loan Portfolio Shrinks 6 days ago
Utkarsh Small Finance Bank Reports 23.4% YoY Growth in Total Deposits and 7.5% YoY Growth in Gross Loan Portfolio for Q4 FY25 Apr 07, 2025
Utkarsh Small Finance Bank Unveils ₹750 Crore Fundraising Plan Through Equity Issuance Feb 27, 2025
Utkarsh Small Finance Bank Approves Rs 750 Crore Share Sale Amid Q3 Loss Feb 26, 2025
More news about Utkarsh Small Finance Bank
24Feb 25
Utkarsh Small Finance Bank to Consider Fresh Equity Issuance Amid Financial Challenges
Utkarsh Small Finance Bank (USFB) will hold a board meeting on February 26, 2025, to discuss issuing new equity shares, subject to regulatory approvals and shareholder consent. This move comes after the bank reported a net loss of ₹168 crore and gross NPAs of ₹1,177 crore in Q3. The bank plans to seek shareholder approval through an EGM or postal ballot. This potential fundraising follows USFB's ₹500 crore IPO in July 2023, highlighting ongoing capital needs in the small finance banking sector.