Utkarsh Small Finance Bank Limited — Updates, 03-05-2025: Press Release

Utkarsh Small Finance Bank has announced a board meeting on the financial results for the quarter and half-year. Gross loans rose 7.5% YoY to ₹19,666 crore, driven by a 45% surge in non-JLG loans and secured loans now at 43% of the portfolio. Deposits climbed 23.4% YoY to ₹21,566 crore, led by a 33.5% increase in retail term deposits. Operating profit edged up 1% to ₹1,007 crore, while profit after tax plunged to ₹24 crore from ₹498 crore due to higher provisions and accounting changes on loan fees.