Utkarsh Small Finance Bank announced Q4FY25 & FY25 results Q4FY25 & FY25 Financial Highlights: Deposits grew by 23.4% YoY to Rs 21,566 crore as on March 31, 2025, led by growth in retail term deposits. The Bank continues to focus on building granular liabilities franchise, Bank’s retail term deposits grew by 33.5% YoY to Rs 10,635 crore1 & CASA deposits grew by 31.2% YoY to Rs 4,699 crore as on March 31, 2025. CASA deposits ratio increased to 21.8% as on March 31, 2025, from 20.5% as on March 31, 2024. Bank’s CD ratio improved to 86.8% as on March 31, 2025, vs 93.7% as on March 31, 2024. The bank’s loan portfolio grew by 7.5% YoY to Rs 19,666 crore as on March 31, 2025. The share of secured loans in overall portfolio increased to 43% as on March 31, 2025 from 34% as on March 31, 2024. Gross NPAs were 9.43% as on March 31, 2025 vs 6.17% as on December 31, 2024 (2.51% as on March 31, 2024). Net NPAs were 4.84% as on March 31, 2025, vs 2.50% as on December 31, 2024 (0.03% as on March 31, 2024). During the year/quarter, pursuant to the approval from the Reserve Bank of India (RBI), the Bank fully utilised the floating asset provision as per relevant RBI regulations. Consequently, the provision for NPA ("Provisions and Contingencies") has been adjusted by Rs 148.62 crore and Rs 189.96 crore for the year and quarter ended March 31, 2025, respectively. Comfortable capitalisation with CRAR at 20.93% and Tier 1 capital at 17.88% as on March 31, 2025. Bank’s pre-provision operating profit (PPoP) increased by 1% YoY to Rs 1,007 crore in FY25 vs Rs 997 crore in FY24. Other Highlights: Gross Loan portfolio grew by 7.5% YoY to Rs 19,666 crore. Deposits grew by 23.4% YoY to Rs 21,566 crore, led by Retail Term Deposits (RTD) growth of 33.5% YoY. Presence across 27 States & UTs, through a network of 1,092 branches. Operating profit (pre-provisions) of Rs 1,007 crore in FY25, increased by 1% vs Rs 997 crore in FY24. Profit after tax of Rs 24 crore in FY25 vs Rs 498 crore in FY24. Govind Singh, MD & CEO, Utkarsh Small Finance Bank, said: “During FY25, we have seen good traction in our non-JLG loan portfolio, which grew by 45%, the share of secured loans in our portfolio is also consistently increasing and reached to 43% as on Mar-25 vs 34% as on Mar-24. Along with healthy business growth, we are optimising our disbursement yields in secured lending products, i.e. housing & MSME loan products, disbursement yield increased by 80-180 bps over the same quarter last year. Our JLG loan portfolio declined in FY25 on account of the difficult operating environment following the implementation of guard rail norms, which restricted credit supply on the ground, and accordingly, our focus shifted towards collections. Nevertheless, stress has peaked out in the JLG loan segment, and we saw improvement in JLG disbursements as well as X-bucket collection efficiency towards the end of FY25. We expect this momentum to continue in FY26 as there is a decline in the leverage level of underlying borrowers in the microfinance segment, and guardrail norms are ensuring tighter control on the overall leverage level of microfinance borrowers. Our deposits have grown by a healthy pace of 23% YoY, deposits growth was led by retail term deposits growth. We are consistently expanding our franchise, and opened >200 new branches during FY25, our total branch count exceeded 1,000 branches as on March 31, 2025. Result PDF