Utkarsh Small Finance Bank released its business update

Utkarsh Small Finance Bank released its business update for the quarter ended 31st March 2024, the Gross Loan Portfolio of the company increased by 31.1% from Rs 13,957 Cr in March 2023 to Rs 18,299 Cr in March 2024. The total deposits of the company increased by 27.4% from Rs 13,710 Cr in March 2023 to Rs 17,473 Cr in March 2024. The CASA Ratio of the bank declined from 20.9% in March 2023 to 20.5% in March 2024. Collection efficiency (excluding pre-payments) for Bank’s Micro Banking loan portfolio was 97.6% for Q4, FY24. Provisional Liquidity Coverage Ratio (LCR) stood at 165% as on March 31, 2024