Utkarsh Small Finance Bank

Utkarsh Small Fin hits all-time low on fall in Q2 profit; lowers guidance

Utkarsh Small Finance Bank reported a 55 per cent fall in consolidated net profit to Rs 51 crore in Q2 as compared to Rs 114 crore a year ago

BFSI Summit: 'No hurry'- Small finance bank experts weigh on 'going big'

Industry leaders at the Business Standard BFSI Insight Summit discussed the growth potential of small finance banks and their possible evolution into universal banks to expand their public appeal

Utkarsh SFB's reverse merger expected within a year, says MD & CEO

According to these guidelines, promoters are required to reduce their shareholding to 26 per cent within 15 years of starting banking operations

Flipkart-backed SuperCard offers credit limits from Rs 90 to Rs 9 lakh

Super.Money's card allows users to make payments through regular channels as well as UPI, using Super.Money's 'Scan & Pay' feature

Utkarsh Small Finance Bank Q1 results: Net profit jumps 28% to Rs 137 cr

Utkarsh Small Finance Bank on Saturday posted a 28 per cent increase in its profit at Rs 137 crore in the first quarter ended June 30. The bank had earned a net profit of Rs 107 crore in the same quarter a year ago. Total income increased to Rs 1,071 crore during the quarter under review against Rs 812 crore in the same period last year, the bank said in a regulatory filing. The interest income of the bank rose to Rs 966 crore as against Rs 720 crore in the first quarter of previous year. As regards asset quality, gross Non-Performing Assets (NPAs) of the bank declined to 2.78 per cent of the gross loans by the end of June 2024 from 3.13 per cent a year ago. Similarly, net NPAs came down to 0.26 per cent from 0.33 per cent at the end of the first quarter of the previous fiscal. The provision coverage ratio, including floating provision, was 91 per cent as on June 30, 2024.

RBI approves Govind Singh's re-appointment as MD & CEO of Utkarsh SFB

The present term of Govind Singh is up to September 20, 2024. The board of the SFB had approved his re-appointment in the meeting held on January 27, 2024

Utkarsh Small Fin Bank stock down 3.5% on muted Q1 loan growth sequentially

Utkarsh Small Finance Bank Q1FY25 business update: Utkarsh Small Finance bank reported a 2.7 per cent Q-o-Q rise in gross loan portfolio

Small finance bank stocks are on an uptrend. Does the rally have more legs?

Analysts believe that small finance banks have a much bigger role to play in the overall banking sector

Utkarsh Small Finance Bank Q3 results: Profit jumps 24% to Rs 116 crore

Utkarsh Small Finance Bank on Saturday posted a 24 per cent increase in its profit at Rs 116 crore in the third quarter ended December 2023. The bank had earned a net profit of Rs 93.5 crore in the same quarter a year ago. Total income rose to Rs 889 crore during the quarter under review as against Rs 712 crore in the year-ago period, the bank said in a regulatory filing. The bank's interest income grew to Rs 806 crore as compared to Rs 641 crore in the October-December period of the previous financial year. As regards asset quality, gross Non-Performing Assets (NPAs) of the bank declined to 3.04 per cent of the gross loans by the end of December 2023 from 3.58 per cent a year ago. Similarly, net NPAs or bad loans came down to 0.19 per cent from 0.72 per cent at the end of the third quarter in FY22.

Utkarsh SFB surges 17% on heavy volumes; zooms 141% over issue price

Till 12:09 PM, a combined 34.73 million equity shares, representing 3 per cent of total equity of Utkarsh SFB, had changed hands on the NSE and BSE

Utkarsh SFB extends post-debut rally; zooms 125% against issue price

Utkarsh Small Finance Bank (SFB) rallied 17 per cent to hit a new high of Rs 56.30 on the BSE in Monday's intra-day trade, extending gains from its strong market debut on Friday

Utkarsh Small Finance Bank's stock soars nearly 92% on market debut

In the IPO, Utkarsh SFB raised Rs 500 crore by issuing new shares. The lender plans to use the proceeds for augmenting its tier-1 capital base to grow its business

Utkarsh Small Finance Bank makes solid debut with 60% listing gains

Shares of Utkarsh Small Finance Bank listed at Rs 40, a 60 per cent premium over its issue price of Rs 25 per share on the National Stock Exchange (NSE) on Friday