Utkarsh Small Finance Bank Ltd News
Utkarsh Small Finance Bank rises 4% on plans to sell off Rs 355-cr loans
The buying in the stock came after the small finance bank revealed plans to sell off Rs 355 crore worth of non-performing microfinance loans to asset reconstruction companies
 "Utkarsh Small Finance Bank rises 4% on plans to sell off Rs 355-cr loans")
Utkarsh Small Finance Bank looking to sell Rs 355 cr of microfinance loans
The bank has set a reserve price of Rs 52 crore for the assets it is putting up for sale, which would translate into a recovery of 14.64%
 "Utkarsh Small Finance Bank looking to sell Rs 355 cr of microfinance loans")
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
 "Utkarsh Small Fin hits all-time low on fall in Q2 profit; lowers guidance")
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.
 "Utkarsh Small Finance Bank Q1 results: Net profit jumps 28% to Rs 137 cr")
