SECTOR
Utkarsh Small Finance Bank reports 34% rise in total deposits in Q3FY25
Jan-06-2025

Utkarsh Small Finance Bank’s total deposits stood at Rs 20,172 crore (provisional) as of December 31, 2024 (Q3FY25), posting an 33.5% rise in year-on-year (YoY) terms as against Rs 15,111 crore as of December 31, 2023 and on quarter-on-quarter (QoQ) basis, total deposits stood at Rs 19,496 crore as of September 30, 2024.

Its CASA deposits grew 31.7% to Rs 3,973 crore (provisional) as of December 31, 2024, as compared to Rs 3,016 crore as of December 31, 2023. CASA Ratio stood at 19.7% (provisional) as of December 31, 2024 versus 20.0% as of December 31, 2023.

Collection efficiency (excluding pre-payments, including NPA Portfolio) for Bank’s Micro Banking loan portfolio was 87.7% for Q3FY25. Liquidity Coverage Ratio (LCR) stood at 184% as on December 31, 2024. 

Utkarsh Small Finance Bank is engaged in providing banking and financial services.

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