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CASA deposits grew 11.6% YoY to Rs 3,016 crore as on 31 December 2023. CASA ratio declined to 20% as on 31 December 2023 as against 21% as on 31 December 2022.
As on 31 December 2023, retail term deposits jumped 45.8% to Rs 7,228 crore from Rs 4,957 crore recorded on 31 December 2022.
Gross loan portfolio as on 31 December 2023 stood at Rs 16,408 crore as against Rs 12,543 crore as on 31 December 2022, registering the growth of 30.8%.
Bulk term deposits decreased to Rs 4,867 crore as on 31 December 2023 from Rs 5,188 crore recorded on 31 December 2022.
The collection efficiency (excluding pre-payments) forbBank’s micro banking loan portfolio was 96.3% for Q3 FY24.
Provisional Liquidity coverage ratio (LCR) stood at 195% as on 31 December 2023.
Utkarsh Small Finance Bank is engaged in providing banking and financial services with a focus on providing financial services to the underserved and unserved sections. The bank's microfinance lending activities are primarily focused in rural and semi-urban locations of the country while its other services are spread across the country.
The bank reported 30.5% jump in standalone net profit to Rs 114.42 crore on 27.3% increase in total income to Rs 861.49 crore in Q2 FY24 over Q2 FY23.
The scrip shed 0.69% to currently trade at Rs 57.24 on the BSE.
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