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Utkarsh Small Finance Bank LimitedBoard Meeting, 03-05-2025: Outcome of Board Meeting

03-05-2025 | 08:49 pm

Utkarsh Small Finance Bank has announced a board meeting approving the financial results for the quarter and year ended March 31, 2025, backed by a clean audit. Q4 total income was ₹1,166.73 Cr, with a net profit of ₹222.70 Cr. For the full year, total income reached ₹4,364.76 Cr and net profit ₹1,288.88 Cr. The bank updated its accounting to recognize loan processing fees as income when due. It also appointed M/s BNP & Associates as Secretarial Auditor for 5 years and nominated M/s M. M. Nissim & Co LLP and M/s KKC & Associates LLP as Joint Statutory Auditors for 3 years, pending regulatory nod.

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