Summary

Utkarsh Small Finance Bank reported a net loss of 375 crore in Q3 FY26. The bank's gross loan portfolio contracted by 3.9% YoY to 18,306 crore. Deposits grew by 4.5% YoY to 21,087 crore, led by retail term deposits (RTD) growth of 23.8% YoY. The bank has a presence in 27 States & UTs, through a network of 1,105 branches.

Key Highlights

1. 1

   Gross Loan Portfolio contracted by 3.9% YoY to 18,306 crore

2. 2

   Deposits grew by 4.5% YoY to 21,087 crore, led by Retail Term Deposits (RTD) growth of 23.8% YoY

3. 3

   Presence across 27 States & UTs, through a network of 1,105 branches

4. 4

   Net Loss of 375 crore in Q3, FY26

5. 5

   Share of secured lending grew from 41% as on December 31, 2024 to 50% as on December 31, 2025

6. 6

   Non-JLG portfolios registered strong growth at 28% YoY and 8% QoQ

7. 7

   5% YoY growth in deposits, reaching ¥21,087 crore by December 31, 2025

8. 8

   CASA and retail term deposits drove deposit growth

9. 9

   JLG X-bucket collection efficiency rose to 99.5% in the month of Dec-25

10. 10

    ~140 bps QoQ reduction in the GNPA ratio as of Dec-25

11. 11

    Utkarsh 2.0 program initiated multiple digital and automation sub-projects

12. 12

    Bank exited Q3 with a strong capital adequacy ratio of 20.1%

13. 13

    Liquidity strength also remained robust, reflected in an LCR of 207% and surplus liquidity of nearly ¥4,700 crore