Monthly Update6 Apr 2024, 12:31 am
Utkarsh Small Finance Bank's Q4 Financial Highlights: Liquidity Ratios at 165%
AI Summary
Utkarsh Small Finance Bank Ltd has released its financial report for the quarter and year ended March 31, 2024. The bank reported a provisional Liquidity Coverage Ratio (LCR) and Provision Liquidity Ratio (PLR) both at 165%. The gross loan portfolio increased by 31.1%, and total deposits surged by 274%. The CASA deposit ratio stood at 20.5%, and the CASA + retail term deposits ratio was 66.1%. The bank's collection efficiency for the micro banking loan portfolio was 97.6% for Q4, FY24.
Key Highlights
- Liquidity Coverage Ratio and Provisional Liquidity Ratio were 165% each as of March 31, 2024.
- Gross loan portfolio increased by 31.1%.
- Total deposits jumped by 274%.
- CASA deposit ratio was 20.5%.
- CASA + retail term deposits ratio was 66.1%.
- Micro banking loan portfolio collection efficiency was 97.6% in Q4, FY24.