Utkarsh Small Finance Bank Limited — Investor Meet, 15-05-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Utkarsh SFB reports Q4 FY26 net loss of INR188 Cr from legacy provisioning, but management sees 'tangible green shoots.' Strategic shift towards secured assets (51% of gross loans) from JLG (now ~28%). Strong Q4: JLG disbursements up 58% QoQ, non-JLG up 41% QoQ, JLG collection efficiency at 99.7%. GNPA improved to 7.7%. Outlook: 25-30% loan growth, NIMs >8%, 15% ROE by FY28. Confident 'worst is behind us,' with ~70% of new microfinance loans covered by credit guarantee.