Utkarsh Small Finance Bank Reports Significant Losses and Rising NPAs in Q3 FY25

Utkarsh Small Finance Bank Ltd has reported a net loss of ₹1.68 billion for the quarter ending December 2024, marking a significant downturn in its financial performance. The bank's gross non-performing assets (NPAs) have risen to 6.17%, indicating growing stress in its loan portfolio. Despite challenges, the bank's interest earned stood at ₹9.32 billion for the quarter. Notably, provisions and contingencies increased substantially to ₹4.23 billion, reflecting the bank's efforts to address asset quality concerns. This financial update suggests Utkarsh Small Finance Bank is facing headwinds in managing its loan book quality and profitability.

 

Source: Reuters