Utkarsh Small Finance Bank‘s net loss widened to Rs 375 crore in the third quarter of the fiscal, as compared with Rs 168 crore in the year ago period. The bank had made a net loss of Rs 349 crore in the second quarter.
The bank has also made an operational loss at Rs 44 crore as compared with a profit of Rs 185 crore in the year ago period. It had an operating loss of 3.3 crore in the second quarter.
Its gross non-performing assets ratio stood at 11% at the end of December last year, a tad better than 12.4% seen three months back.
Utkarsh’s loan portfolio contracted by 3.9% year-on-year to Rs 18,306 crore as on December 31, 2025 while share of secured lending increased to 50% of the gross loan portfolio as compared with 41% a year earlier.