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Utkarsh Small Finance Bank Ltd News

RBI approves Govind Singh's re-appointment as MD & CEO of Utkarsh SFB

The present term of Govind Singh is up to September 20, 2024. The board of the SFB had approved his re-appointment in the meeting held on January 27, 2024

RBI approves Govind Singh's re-appointment as MD & CEO of Utkarsh SFB
Updated On : 08 Jul 2024 | 10:02 PM IST

Utkarsh Small Fin Bank stock down 3.5% on muted Q1 loan growth sequentially

Utkarsh Small Finance Bank Q1FY25 business update: Utkarsh Small Finance bank reported a 2.7 per cent Q-o-Q rise in gross loan portfolio

Utkarsh Small Fin Bank stock down 3.5% on muted Q1 loan growth sequentially
Updated On : 05 Jul 2024 | 1:59 PM IST

Small finance bank stocks are on an uptrend. Does the rally have more legs?

Analysts believe that small finance banks have a much bigger role to play in the overall banking sector

Small finance bank stocks are on an uptrend. Does the rally have more legs?
Updated On : 16 Apr 2024 | 10:59 AM IST

Utkarsh Small Finance Bank proposes reverse merger with holding entity

The bank has said it has taken note of the proposal and the Board of Directors of the lender will meet in due course and evaluate the proposal and other options to achieve regulatory compliance

Utkarsh Small Finance Bank proposes reverse merger with holding entity
Updated On : 15 Feb 2024 | 1:06 AM IST

Utkarsh Small Finance Bank Q3 results: Profit jumps 24% to Rs 116 crore

Utkarsh Small Finance Bank on Saturday posted a 24 per cent increase in its profit at Rs 116 crore in the third quarter ended December 2023. The bank had earned a net profit of Rs 93.5 crore in the same quarter a year ago. Total income rose to Rs 889 crore during the quarter under review as against Rs 712 crore in the year-ago period, the bank said in a regulatory filing. The bank's interest income grew to Rs 806 crore as compared to Rs 641 crore in the October-December period of the previous financial year. As regards asset quality, gross Non-Performing Assets (NPAs) of the bank declined to 3.04 per cent of the gross loans by the end of December 2023 from 3.58 per cent a year ago. Similarly, net NPAs or bad loans came down to 0.19 per cent from 0.72 per cent at the end of the third quarter in FY22.

Utkarsh Small Finance Bank Q3 results: Profit jumps 24% to Rs 116 crore
Updated On : 27 Jan 2024 | 8:53 PM IST