Utkarsh Small Finance Bank Limited — Important, 31-12-2024: General Updates

The Bank has transferred a portfolio of Unsecured Stressed Microfinance Institution (MFI) Loans, consisting of NPA and written-off accounts, to an Asset Reconstruction Company (ARC). The outstanding amount of the portfolio was ₹354.54 crore as of September 30, 2024, and the transfer was completed for a consideration of ₹52.00 crore, representing approximately 14.67% of the portfolio's value. This move is part of the Bank's strategy to manage its stressed assets effectively. Investors should monitor this development as it may indicate a proactive approach to asset quality management and potential strengthening of the balance sheet.