Utkarsh Small Finance Bank Q2 FY27 Results Signal A Sharp Recovery In Financial Performance, Net Loss Narrows To ₹70 Crore From ₹348 Crore As Deposits Grow 6.6%
Mumbai: Utkarsh Small Finance Bank reported a narrower net loss of ₹70 crore for the second quarter of FY27, compared with a loss of ₹348 crore in the corresponding quarter last year, reflecting an improvement in its financial performance. The bank also reported growth in deposits and advances alongside a sharp reduction in non-performing assets during the July-September quarter. Bank Of India,…
Utkarsh Small Finance Bank disclosed stronger financial results for the second quarter of fiscal 2027, signaling a notable recovery in its operations. The bank reported a narrowed net loss of ₹70 crore, a sharp contrast to a loss of ₹348 crore during the same period last year. Total deposits expanded 6.6 percent year-over-year to ₹23,869 crore by September 30, 2026, indicating a bolstered funding base.
The expansion in loan portfolio grew 7.5 percent to ₹20,062 crore, with secured lending making up 52 percent of the total, up from 47 percent the previous year. Asset quality also improved, with the gross non-performing asset ratio falling to 5.9 percent from 12.2 percent. Despite the positive trends, the lender remained loss-making for both the September quarter and the first half of fiscal 2027.
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