Utkarsh Small Finance Bank sees 28.3% YoY growth in loan portfolio, deposits rise by 39.6% in Q2 FY25

Utkarsh Small Finance Bank reported a strong performance in the second quarter of FY25. The bank’s gross loan portfolio grew by 28.3% year-on-year to ₹19,101 crore. Total deposits saw an increase of 39.6% YoY, reaching ₹19,496 crore. This growth was mainly driven by CASA (Current Account Savings Account) and retail term deposits.

Retail term deposits rose by 47.6% YoY to ₹9,518 crore, while CASA deposits increased by 37.1% YoY to ₹3,819 crore. The CASA ratio stood at 19.6%, and the combined CASA and retail term deposit ratio reached 68.4%.

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The collection efficiency for the bank’s micro banking loan portfolio was 92.3% for Q2. Additionally, the provisional Liquidity Coverage Ratio (LCR) stood at 180% as of September 30, 2024, showcasing a healthy liquidity position.