Utkarsh SFB Shares Jump 3% Despite Loan Book Dip; Deposits, Non-JLG Loans Rise

• Utkarsh Small Finance Bank shares rose nearly 3% on January 6 following its Q3 business update.
• The bank's loan book declined 4% year-on-year to ₹18,306 crore, and 1.9% quarter-on-quarter.
• Deposits increased 4.5% year-on-year to ₹21,087 crore, though down 1.7% sequentially.
• Non-JLG loans surged 27.6% year-on-year, while JLG loans saw a significant 34.1% decline.
• Collection efficiency for highly delinquent 'X bucket' loans improved to 99.1% sequentially.

Why It Matters: Utkarsh SFB shares gained on improved deposits and collection efficiency, despite a shrinking loan book.