Utkarsh Small Finance Bank's Q2 disbursements rise 54.9% to ₹3,525 crore

What happened

• Utkarsh Small Finance Bank said disbursements in the September quarter were ₹3,525 crore, up 54.9% from ₹2,275 crore a year earlier, according to Upstox and Whalesbook.
• Total deposits were ₹23,869 crore, up 6.6% from a year earlier and 3.3% from the June quarter.
• Current and savings account (CASA) deposits rose 14.3% to ₹5,121 crore.
• The gross loan portfolio was ₹20,063 crore, up 7.5% from a year earlier.
• The shares closed at ₹13.49, up 2.04%.

Why it matters

Good to know: Disbursements are the loans paid out in the quarter. The loan portfolio is the outstanding balance, so it grows more slowly than disbursements when older loans are repaid.

Key facts

Disbursements

₹3,525 crore (+54.9%)

Total deposits

₹23,869 crore (+6.6%)

CASA deposits

₹5,121 crore (+14.3%)

Gross loan portfolio

₹20,063 crore (+7.5%)

Read the source

• Utkarsh SFB reports 55% YoY rise in disbursements to ₹3,525 crore, deposits jump 7% in Q2; check business updatesUpstox
• Utkarsh Small Finance Bank Q2 Disbursements Jump 55% to Rs 3,525 CroreWhalesbook