Utkarsh Small Finance Bank Q3 Update: Loan Book Dips, CASA Rises; Shares Fall

• Utkarsh Small Finance Bank Ltd released its Q3 business update after market close on Monday.
• Gross loan book decreased by 3.9% YoY and 1.9% QoQ to ₹18,306 crore.
• Total deposits increased by 4.5% YoY to ₹21,087 crore, despite a 1.7% QoQ decline.
• CASA deposits grew significantly by 16.1% YoY and 2.9% QoQ to ₹4,611 crore, pushing the CASA ratio to 21.9%.
• The bank's shares closed down 1.44% at ₹15.11 on Monday and have declined 45.90% over the past year.

Why It Matters: Utkarsh Small Finance Bank reported mixed Q3 results with declining loan book but strong CASA growth.