Utkarsh Small Finance Bank Reports Quarterly Financial Metrics for Q4 FY26
Utkarsh Small Finance Bank Ltd released operational and financial updates covering the quarter and year ended March 31, 2026. The reported figures provide insights into disbursements, loan portfolios, and deposit trends for the period.Key Financial and Portfolio Updates
The bank's disbursements saw a significant increase in the fourth quarter of fiscal year 2026. Total disbursements reached 4,207 in the quarter, marking a 30.1% year over year change compared to the 3,235 recorded in Q4 FY25. The non-JLG disbursements accounted for 2,782, showing a 51.4% year over year increase, while JLG disbursements increased by 2.0% to 1,425. In the quarterly comparison, total disbursements grew by 46.1% to 2,880 in Q3 FY26.Regarding the loan portfolio, the Gross Loan Portfolio stood at 19,333 for Q4 FY26, representing a (1.7)% year over year change from the 19,666 recorded in Q4 FY25. The non-JLG Loan Portfolio grew by 29.5% to 13,544, compared to 10,459 in Q4 FY25. The JLG Loan Portfolio saw a contraction of 37.1%, closing at 5,789.
The portfolio mix analysis for Q4 FY26 showed the ratio as JLG : Non-JLG at 30 : 70, an adjustment from the 47 : 53 recorded in Q4 FY25. The mix between Micro Banking (MB) and Non-Micro Banking (Non-MB) was 38 : 62, down from 49 : 51 the previous year. The ratio of Secured : Unsecured loans stood at 51 : 49.
Deposit Trends and Liquidity Ratios
Total Deposits for Utkarsh Small Finance Bank in Q4 FY26 amounted to 21,654, representing a modest 0.4% change year over year from 21,566 in Q4 FY25. CASA Deposits increased by 10.6% to 5,196, up from 4,699 in Q4 FY25. Retail Term Deposits also showed growth, increasing by 19.6% to 12,720. Conversely, Bulk Term Deposits decreased by 40.0%, falling to 3,738 from 6,232 in Q4 FY25.In terms of key ratios, the CASA Ratio for Q4 FY26 was 24.0%, an improvement from 21.8% in Q4 FY25. The CASA + Retail Term Deposits Ratio reached 82.7%, up from 71.1% in Q4 FY25.
Liquidity coverage remained strong, with the Liquidity Coverage Ratio (LCR) reported at 177% as of March 31, 2026.
Asset Quality Metrics
Micro - Banking Asset Quality metrics for the financial year 2025 - 26 provided quarterly snapshots. The bank recorded an X Bucket Collection Efficiency of 99.7% in Q4 FY26. This figure reflects improvements across quarters, as compared to 98.6% in Q2 FY26 and 98.7% in Q1 FY26. The SMA Pool percentage was reported at 1.3% for Q4 FY26, down from 3.2% in Q3 FY26.The table below summarizes the reported asset quality percentages for the financial year 2025 - 26:
| Particulars | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 |
|---|---|---|---|---|
| X Bucket Collection Efficiency | 99.7% | 99.1% | 98.6% | 98.7% |
| SMA Pool % | 1.3% | 3.2% | 4.9% | 5.1% |
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