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Informist, Monday, Feb. 2, 2026

 

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--Utkarsh Small Fin Bk Q3 net loss INR 3.75 bln vs loss INR 1.68 bln yr ago 
--Utkarsh Small Fin Bk Q3 total income INR 9.02 bln vs INR 10.38 bln yr ago 
--Utkarsh Small Fin Bk Q3 provisions INR 4.46 bln vs INR 4.23 bln year ago 
--Utkarsh Small Fin Bk gross NPA ratio 11.05% on Dec 31 vs 12.42% qtr ago 
--Utkarsh Small Fin Bk net NPA ratio 4.48% on Dec 31 vs 5.02% qtr ago 
--Utkarsh Small Fin Bk capital adequacy ratio 20.11% on Dec 31 
--Utkarsh Small Fin Bk Apr-Dec net loss INR 9.63 bln vs PAT INR 207.33 mln 
--Utkarsh Small Fin Bk Apr-Dec total income INR 28.58 bln vs INR 31.98 bln

 

By Durgesh Nandan 

 

MUMBAI – Utkarsh Small Finance Bank Ltd.'s net loss more than doubled on year owing to a decline in its net interest income and a rise in provisions. The bank reported a net loss for the third consecutive quarter.

 

Utkarsh Small Finance Bank's net loss for the December quarter was INR 3.75 billion, compared with a loss of INR 1.68 billion a year ago. Sequentially, too, the bank's loss widened from the loss of INR 3.48 billion it had reported for the September quarter. The bank also reported an operating loss of INR 443 million for the December quarter, against an operating profit of INR 1.85 billion a year ago.

 

The bank's interest income fell nearly 12% on year to INR 8.21 billion for the December quarter. This pulled its total income down more than 13% on year to INR 9.01 billion. The bank's net interest income--the difference between interest earned and interest expended--for the quarter was INR 3.48 billion, 27% lower on year and 1% sequentially.

 

The small finance bank's total income declined more than 13% on year and 4% on quarter to INR 9.02 billion. Utkarsh Small Finance Bank's provisions for the December quarter were INR 4.46 billion, up more than 5% from INR 4.23 billion a year ago. Sequentially, the provisions rose more than 3%.

 

The lender's asset quality improved, however, with the net non-performing assets ratio down to 4.48% as of Dec. 31 from 5.02% a quarter ago. Its gross non-performing asset ratio also improved to 11.05% on Dec. 31 from 12.42% as on Sept. 30. The bank's capital adequacy ratio was 20.11% as on Dec. 31.

 

The small finance bank's total deposits rose 4.5% on year to INR 210.9 billion, supported by a rise of nearly 24% in retail term deposits to INR 125.9 billion.

 

The lender's net loss for the nine months ended Dec. 31 was INR 9.63 billion, a sharp decline from the net profit of INR 207 million a year ago. The total income for the nine-month period declined nearly 11% to INR 28.58 billion.

 

Utkarsh Small Finance Bank released its earnings for the December quarter after market hours Monday. Its shares ended 0.7% lower at INR 13.56 on the National Stock Exchange.  End

 

Edited by Rajeev Pai

 

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