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For the full year,net loss reported to Rs 1150.98 crore in the year ended March 2026 as against net profit of Rs 23.70 crore during the previous year ended March 2025. Total Operating Income declined 10.26% to Rs 3378.78 crore in the year ended March 2026 as against Rs 3764.93 crore during the previous year ended March 2025.
Total income tanked 18.39% YoY to Rs 952.07 crore in the quarter ended 31 March 2026.
The company reported pre-tax loss for Q4 FY26 stood at Rs 232.08 crore, as against Rs profit before tax was at Rs 11.27 crore reported in the corresponding period of previous year.
In Q4 FY26, Net interest income stood at Rs 376 crore, down 9% as against Rs 411 crore posted in Q4 FY25. Net interest margin (NIM) reduced to 5.5% in the March 2026 quarter as compared to 6.4% recorded in Q4 FY24.
Total deposits stood at Rs 21,654 crore in Q4 FY26 as against Rs 21,566 crore in Q4 FY25.
CASA deposits rose to Rs 5,196 crore in Q4 FY26 as against Rs 4,699 crore a year ago, reflecting improvement in low-cost deposit mobilisation.
Retail term deposits increased to Rs 12,720 crore in Q4 FY26 as against Rs 10,635 crore in the year-ago period, indicating continued traction in granular deposits.
Bulk term deposits declined 40% to Rs 3,738 crore in Q4 FY26 as against Rs 6,232 crore in Q4 FY25.
CASA ratio improved to 24% in Q4 FY26 as against 21.8% in Q4 FY25.
CASA plus retail term deposits ratio rose to 82.7% in Q4 FY26 as against 71.1% in the corresponding quarter last year.
Credit cost declined to Rs 223 crore in Q4 FY26 as against Rs 462 crore in Q4 FY25.
Provision Coverage Ratio (PCR) stood at 51.2% in Q4 FY26 as against 62.7% in the corresponding quarter last year.
Govind Singh, MD & CEO of Utkarsh Small Finance Bank, said Q4 FY26 marked a “decisive quarter of strategic recalibration” for the bank, driven by a focus on portfolio quality, secured asset expansion and operational strengthening amid continued stress in the microfinance segment.
He said the bank prioritised “stability over speed” during the quarter by tightening underwriting standards, strengthening collections and rebalancing the portfolio mix toward lower-risk segments.
According to Singh, disbursements improved across both Joint Liability Group (JLG) and non-JLG portfolios, while JLG X-bucket collection efficiency rose to 99.7% in March 2026, the highest level recorded during FY26.
Fresh NPA slippages, net of recoveries and upgrades, declined sharply to around Rs 170 crore in Q4 FY26 from nearly Rs 710 crore in Q4 FY25, while the gross non-performing asset (GNPA) ratio improved around 330 basis points sequentially to 7.7% as of March 2026.
Singh said the bank continued to reduce unsecured exposure and increase focus on secured, higher-yield and lower-risk businesses. Non-JLG portfolios, including micro banking and business loans (MBBL), MSME, housing and BBG segments, witnessed strong momentum, with the MBBL portfolio growing 122% year-on-year.
On the liabilities side, the bank strengthened its deposit franchise, with CASA plus retail term deposit ratio improving to 83% from 71% a year earlier. Cost of funds also declined by over 45 basis points year-on-year in Q4 FY26 as the impact of repricing flowed through.
He added that the bank had registered with CGFMU for credit-guarantee coverage on eligible JLG and MBBL disbursements to further reduce incremental risk exposure.
Singh said investments under the “Utkarsh 2.0” transformation programme enabled automation, digital underwriting and enhanced monitoring capabilities, improving productivity and risk controls.
The bank’s capital position remained comfortable following the successful Rs 950 crore rights issue completed in November 2025, which strengthened Tier-I capital, he added.
Going forward, the bank will remain focused on improving collections, calibrated disbursement growth in higher-quality segments, expanding secured lending and accelerating liability mobilisation to support prudent long-term growth, Singh said.
Utkarsh Small Finance Bank (USFBL), incorporated on April 30, 2016, is engaged in providing banking and financial services with a focus on providing financial services to the underserved and unserved sections.
Total disbursements rose 30.1% year-on-year (YoY) to Rs 4,207 crore in Q4 FY26, compared with Rs 3,235 crore in the corresponding quarter last year. On a sequential basis, disbursements jumped 46.1% from Rs 2,880 crore in Q3 FY26.
JLG (joint liability group) disbursements grew 2% YoY to Rs 1,425 crore, while non-JLG disbursements surged 51.4% to Rs 2,782 crore, highlighting a shift towards diversified lending.
The gross loan portfolio stood at Rs 19,333 crore as of 31 March 2026, down 1.7% YoY but up 5.6% sequentially. The JLG loan book declined 37.1% YoY to Rs 5,789 crore, while the non-JLG portfolio rose 29.5% to Rs 13,544 crore.
On the liabilities front, total deposits remained stable at Rs 21,654 crore, up 0.4% YoY and 2.7% QoQ. CASA deposits grew 10.6% YoY to Rs 5,196 crore, while retail term deposits increased 19.6% to Rs 12,720 crore. Bulk term deposits declined 40% YoY to Rs 3,738 crore, indicating a shift towards granular funding.
The CASA ratio improved to 24.0% from 21.8% a year ago, while the CASA plus retail term deposits ratio rose to 82.7%.
Asset quality in the micro-banking segment improved, with X-bucket collection efficiency rising to 99.7% in Q4 FY26 from 99.1% in the previous quarter. The SMA pool declined to 1.3% from 3.2%, reflecting better repayment trends.
The company’s liquidity position remained strong, with a liquidity coverage ratio (LCR) of 177% as of 31 March 2026.
Utkarsh Small Finance Bank is engaged in providing banking and financial services with a focus on providing financial services to the underserved and unserved sections. The bank's microfinance lending activities are primarily focused in rural and semi-urban locations of the country, while its other services are spread across the country.
The bank had reported a net loss of Rs 375 crore in Q3 FY26 as against a net loss of Rs 168 crore in Q3 FY25. Operating income declined by 27% year-on-year (YoY) to Rs 429 crore in Q3 December 2026.
Total deposits of the bank stood at Rs 21,087 crore as of 31 December 2025, registering a 4.5% year-on-year increase, while declining 1.7% quarter-on-quarter.
Retail term deposits and bulk term deposits totaled Rs 12,586 crore (up 23.8% YoY) and Rs 3,890 crore (down 35.6% YoY), respectively.
The CASA ratio stood at 21.9% as of 31 December 2025, compared to 19.7% as of 31 December 2024 and 20.9% as of 30 September 2025.
Collection efficiency (excluding prepayments) for the bank’s microbanking loan portfolio for Q3 FY26 was 99.1%.
The liquidity coverage ratio (LCR) stood at 200% as of 31 December 2025.
The company reported a standalone net loss of Rs 348.46 crore in Q2 FY26 as against a net profit of Rs 51.39 crore posted in Q2 FY25. Revenue from operations jumped 14% year on year (YoY) to Rs 937.32 crore in Q2 FY26 over Q2 FY25.
Shares of Utkarsh Small Finance Bank rose 1.98% to Rs 15.44 on the BSE.
His resignation will be effective from the close of business hours on 31 December 2025. The bank noted that there is no inter-se relationship between its directors, and no further profile details were provided.
Utkarsh Small Finance Bank engaged in providing banking and financial services and governed by the Banking.
The company reported standalone net loss of Rs 348.46 crore in Q2 FY26 as against net profit of Rs 51.39 crore posted in Q2 FY25. Revenue from operations jumped 14% year on year (YoY) to Rs 937.32 crore in Q2 FY26 over Q2 FY25.
Shares of Utkarsh Small Finance Bank rose 0.41% to Rs 14.83 on the BSE.