Utkarsh Small Finance Bank Ltd. News and Updates

Name: Latest research reports of Utkarsh Small Finance Bank Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Utkarsh Small Finance Bank Ltd.
Rating: 5
Author: ICICI Securities Limited

Keep track of all breaking news on Utkarsh Small Finance Bank Ltd. from all sources in a single place.

Utkarsh Small Finance Bank Ltd.

11 Nov 2024

23.43

7.13%

to see Rapid results content

Utkarsh Small Finance Bank Ltd.

06 Aug 2024

23.43

7.13%

Core operating performance remains robust, PPoP up 10% QoQ; elevated credit cost dents profitability in Q1FY25

Buy: Utkarsh Small Finance Bank...

ICICI Securities Limited

Utkarsh SFB’s (Utkarsh) Q1FY25 core operating performance continued to be robust as reflected in 10% QoQ PPoP growth and RoE sustaining at >18% despite challenges due to heatwaves and election.

Utkarsh Small Finance Bank Ltd. has lost -52.47% in the last 1 Year

Utkarsh Small Finance Bank Ltd.

05 Aug 2024

23.43

7.13%

to see Rapid results content

Utkarsh Small Finance Bank Ltd.

27 Apr 2024

23.43

7.13%

Sustains growth momentum with sharp improvement in asset quality

Buy: Utkarsh Small Finance Bank...

ICICI Securities Limited

Utkarsh SFB’s (Utkarsh) Q4FY24 financial performance is testimony to management’s ability to deliver as per guidance with exit RoA of ~3% and RoE at 22% despite muted H1FY24 due to sector level headwinds on both growth and asset quality.

Utkarsh Small Finance Bank Ltd. has lost -34.72% in the last 3 Months

Utkarsh Small Finance Bank Ltd.

26 Apr 2024

23.43

7.13%

to see Rapid results content

Utkarsh Small Finance Bank Ltd.

12 Apr 2024

23.43

7.13%

UTKARSHBNK

Buy: Utkarsh Small Finance Bank...

ICICI Securities Limited

Utkarsh Small Financ.. has an average target of 70.00 from 1 broker.

Utkarsh Small Finance Bank Ltd.

11 Apr 2024

23.43

7.13%

Decade-long experience in Bihar augurs well for growth sustainability

Buy: Utkarsh Small Finance Bank...

ICICI Securities Limited

Utkarsh SFB (Utkarsh) kick-started its lending journey in the states of UP and Bihar, and since inception (in FY10), it has remained committed in establishing a strong niche in these states. Considering the under penetration in its core
markets (Bihar’s top 5 districts covered 46% of overall credit, of which Patna alone contributes 29% share), with Utkarsh having a strong market share of 56% within SFBs (overall market share at 2%), the SFB is best placed to complement the Bihar growth story.