Utkarsh SFB Q3 Loss Widens to ₹375 Crore Amid Slowed Lending, Focus on Collections

• Utkarsh Small Finance Bank reported a net loss of ₹375 crore in Q3, up from ₹168 crore last year.
• Net interest income fell by 27.5% to ₹348 crore due to reduced disbursements and core earnings pressure.
• Asset quality improved sequentially, with Gross NPAs declining to 11.05% and Net NPAs to 4.48%.
• The bank slowed disbursements, focusing on collections and portfolio clean-up, leading to a decline in the overall loan book.
• Non-JLG loan portfolios grew 27.5% year-on-year, driven by secured products like MSME, housing, and gold loans.

Why It Matters: Utkarsh SFB's Q3 loss widened significantly despite improved asset quality and a strategic shift to collections.