08 April 2024
Utkarsh Small Finance Bank reported a strong performance in the fourth quarter of the fiscal year 2023-24, driven by significant growth across its key business parameters. According to the bank's latest update on Friday, April 5, the Gross Loan Portfolio witnessed a surge of 31.1% compared to the previous year, reaching ₹18,299 crore as of March 31, 2024. On a quarter-on-quarter basis, the Gross Loan Portfolio grew by 11.5%. The bank's Total Deposits also experienced a substantial surge, growing by 27.4% compared to the previous year to ₹17,473 crore. On a quarter-on-quarter basis, the Total Deposits increased by 15.6%.
Notably, Utkarsh Small Finance Bank's CASA (Current Account and Savings Account) Deposits saw a significant uptick, rising by 25.1% compared to the previous year and 18.8% compared to the preceding quarter, reaching ₹3,582 crore. The bank's Retail Term Deposits also recorded a robust growth of 42.9% compared to the previous year, while Bulk Term Deposits increased by 12.3% compared to the previous year and 21.7% compared to the preceding quarter. As a result of this balanced growth in deposits, the bank's CASA Ratio stood at 20.5% as of March 31, 2024, while the CASA plus Retail Term Deposits Ratio reached 66.1%
Utkarsh Small Finance Bank reported a strong performance in the fourth quarter of the fiscal year 2023-24, driven by significant growth across its key business parameters. According to the bank's latest update on Friday, April 5, the Gross Loan Portfolio witnessed a surge of 31.1% compared to the previous year, reaching ₹18,299 crore as of March 31, 2024. On a quarter-on-quarter basis, the Gross Loan Portfolio grew by 11.5%. The bank's Total Deposits also experienced a substantial surge, growing by 27.4% compared to the previous year to ₹17,473 crore. On a quarter-on-quarter basis, the Total Deposits increased by 15.6%.
Notably, Utkarsh Small Finance Bank's CASA (Current Account and Savings Account) Deposits saw a significant uptick, rising by 25.1% compared to the previous year and 18.8% compared to the preceding quarter, reaching ₹3,582 crore. The bank's Retail Term Deposits also recorded a robust growth of 42.9% compared to the previous year, while Bulk Term Deposits increased by 12.3% compared to the previous year and 21.7% compared to the preceding quarter. As a result of this balanced growth in deposits, the bank's CASA Ratio stood at 20.5% as of March 31, 2024, while the CASA plus Retail Term Deposits Ratio reached 66.1%
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