Utkarsh SFB Q3: Loans Dip 4%, Deposits Climb 5%; Mixed Performance Reported

• Gross loan portfolio fell 3.9% YoY to ₹18,306 crore by Dec 31, 2025, and 1.9% QoQ.
• JLG loans declined significantly by 34.1% YoY, while non-JLG loans surged 27.5% YoY.
• Total deposits increased 4.5% YoY to ₹21,087 crore, despite a 1.7% QoQ dip.
• CASA deposits grew 16.1% YoY, improving the CASA ratio to 21.9%; retail term deposits also rose 23.8% YoY.
• Micro banking loan collection efficiency was 99.1%, and liquidity coverage ratio stood at 200%.

Why It Matters: Utkarsh SFB sees loan portfolio contraction but strong deposit growth and improved CASA in Q3.