Utkarsh SFB Q3 Update: Gross loans down 4% to ₹18,306 crore; deposits up 5%

Utkarsh Small Finance Bank Ltd on Monday (January 5) reported its business updates for the quarter and nine months ended December 31, 2025.

The bank’s gross loan portfolio stood at ₹18,306 crore on December

31, 2025, compared with ₹19,057 crore a year earlier, marking a year-on-year decline of 3.9%. On a quarter-on-quarter basis, the gross loan portfolio declined 1.9% from ₹18,655 crore on September 30, 2025. The figures include inter-bank participation certificates issued by the bank.

The joint liability group (JLG) loan portfolio declined 34.1% year-on-year to ₹6,419 crore on December 31, 2025, and was down 15.7% sequentially. In contrast, the non-JLG loan portfolio increased 27.5% year-on-year to ₹11,888 crore and rose 7.7% on a quarter-on-quarter basis.

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Total deposits increased 4.5% year-on-year to ₹21,087 crore on December 31, 2025, though they declined 1.7% sequentially from ₹21,447 crore. CASA deposits rose 16.1% year-on-year to ₹4,611 crore and increased 2.9% quarter-on-quarter. The CASA ratio improved to 21.9% on December 31, 2025, compared with 19.7% a year earlier and 20.9% in the previous quarter.

Retail term deposits grew 23.8% year-on-year to ₹12,586 crore and were up 2.7% sequentially. Bulk term deposits declined 35.6% year-on-year to ₹3,890 crore and fell 17.4% quarter-on-quarter. The CASA plus retail term deposits ratio stood at 81.6% on December 31, 2025, compared with 70.1% a year earlier and 78.1% in the previous quarter.

For the quarter, the X bucket collection efficiency, excluding pre-payments, for the bank’s micro banking loan portfolio was 99.1%. The liquidity coverage ratio stood at 200% as of December 31, 2025.

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Shares of Utkarsh Small Finance Bank Ltd ended at ₹15.11, down by ₹0.22, or 1.44%, on the BSE today, January 5.