INTEGRATED FILING — BANKING



General information about company

Scrip code 543942
NSE Symbol UTKARSHBNK
MSEI Symbol NOTLISTED
ISIN INE735W01017
Name of bank Utkarsh Small Finance Bank Limited
Class of security Equity
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 03-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 29-Apr-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 03-May-2025   14:30:00
End date and time of board meeting 03-May-2025   18:30:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public Yes
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. No
(III) Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 2023-12-20
Indicate Company website link for updated RPT policy of the Company https://www.utkarsh.bank/uploads/pdf/our-policy/template_ten/Related_Party_Transaction.pdf
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
Not Applicable


Financial Results - Banking
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Unaudited Audited
D Nature of report standalone or consolidated Standalone Standalone
1 Interest earned
Interest or discount on advances or bills 7638600000 33369600000
Income on investments 784100000 2780100000
Interest on balances with reserve bank of India and other inter bank funds 373500000 1499400000
Others 0 100000
Total interest earned 8796200000 37649200000
2 Other income 2871100000 5998300000
3 Total income 11667300000 43647500000
Expenses
4 Interest expenses 4682200000 17420600000
5 Operating expenses
(i) Employees cost 2042500000 8456000000
(ii) Details of other operating expenses
Description of other operating expenses
1 Rent, taxes and lighting 228000000 821000000
2 Printing and stationery 33500000 126800000
3 Advertisement and publicity 46600000 160000000
4 Depreciation on Bank's property 206700000 765700000
5 Director’s fees allowances and expenses 8100000 33000000
6 Auditors' fees and expenses 5800000 24900000
7 Law charges 91100000 297900000
8 Postage, telegrams, telephones, etc. 101000000 360200000
9 Repairs and maintenance 67900000 264500000
10 Insurance & Other expenditure 1814100000 4847600000
Total other operating Expenses 2602800000 7701600000
Total Operating Expenses 4645300000 16157600000
6 Total expenditure excluding provisions and contingencies 9327500000 33578200000
7 Operating profit before provision and contingencies 2339800000 10069300000
8 Provisions other than tax and contingencies 2227000000 9792800000
9 Exceptional items 0 0
10 Total profit (loss) from ordinary activities before tax 112800000 276500000
11 Provision for Tax 83100000 39500000
12 Net profit (loss) from ordinary activities after tax 29700000 237000000
13 Extraordinary items net of tax expenses 0 0
14 Net profit (loss) for the period 29700000 237000000
15 Share of profit (loss) of associates
16 Profit (loss) of minority interest
17 Net Profit (loss) after taxes minority interest and share of profit (loss) of associates 29700000 237000000
18 Details of equity share capital [Abstract]
Paid-up equity share capital 11016100000 11016100000
Face value of equity share capital 10 10
19 Reserve excluding revaluation reserves (as per balance sheet of previous accounting year) 18728900000
20 Analytical ratios
(i) Percentage of share held by government of India 0 0
(ii) Capital adequacy ratio
CET 1 ratio 20.93 20.93
Additional Tier 1 ratio 0 0
(iii) (a) Earnings per share before extraordinary items
Basic earnings per share before extraordinary items 0.03 0.22
Diluted earnings per share before extraordinary items 0.03 0.22
(iii) (b) Earnings per share after extraordinary items
Basic earnings per share after extraordinary items 0.03 0.22
Diluted earnings per share after extraordinary items 0.03 0.22
(iv) NPA Ratios
Amount of gross non-performing assets 18543800000 18543800000
Amount of net non-performing assets 9052700000 9052700000
% of gross NPAs 9.43 9.43
% of net NPAs 4.84 4.84
Return on assets 0.01 0.09
21 Disclosure of notes on financial results by banks


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Standalone
1 Capital and liabilities
Capital 11016100000
Reserves and surplus 18728900000
Deposits 215657000000
Borrowings 23547700000
Other liabilities and provisions 12324700000
Total Capital Liabilities 281274400000
2 ASSETS
Cash and Balances with Reserve Bank of India 26382800000
Balances with Banks and money at call and short notice 7983400000
Investments 49578900000
Advances 187164800000
Fixed Assets 3869200000
Other Assets 6295300000
Total Assets 281274400000
Disclosure of notes on assets and liabilities


Text Block
Textual Information(1)


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether results are audited or unaudited Unaudited Audited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Retail 9607200000 36607900000
2 Wholesale 783700000 2663400000
3 Treasury 1276500000 4376300000
Total Segment Revenue 11667400000 43647600000
Less: Inter segment revenue
Income from operations 11667400000 43647600000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Retail -137800000 -594100000
2 Wholesale 204500000 189700000
3 Treasury 46100000 680900000
Total Profit before tax 112800000 276500000
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax 112800000 276500000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Retail 165068800000 165068800000
2 Wholesale 25325800000 25325800000
3 Treasury 84623800000 84623800000
Total Segment Assets 275018400000 275018400000
Un-allocable Assets 6256000000 6256000000
Net Segment Assets 281274400000 281274400000
4 Segment Liabilities
Segment Liabilities
1 Retail 153129200000 153129200000
2 Wholesale 74505300000 74505300000
3 Treasury 23681000000 23681000000
Total Segment Liabilities 251315500000 251315500000
Un-allocable Liabilities 29958900000 29958900000
Net Segment Liabilities 251315500000 251315500000
Disclosure of notes on segments




Cash Flow Statement, Indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Standalone
1 Statement of cash flows
Cash flows from used in operating activities
Profit before extraordinary items and tax
2 Adjustments for reconcile profit (loss)
Adjustments to profit (loss)
Adjustments for finance costs 0
Adjustments for depreciation and amortisation expense 1319900000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 8098700000
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 0
Adjustments for share-based payments 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items -997600000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments to profit (loss) 8421000000
3 Adjustments for working capital
Adjustments for decrease (increase) in inventories 0
Adjustments for decrease (increase) in trade receivables -39950700000
Adjustments for decrease (increase) in other current assets -2077800000
Adjustments for increase (decrease) in trade payables 40930900000
Adjustments for increase (decrease) in other current liabilities 47500000
Adjustments for provisions 0
Total adjustments for working capital -1050100000
Total adjustments for reconcile profit (loss) 7370900000
Net cash flows from (used in) operations 7647400000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) -1108400000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities before extraordinary items 8755800000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) operating activities 8755800000
4 Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of tangible assets 12800000
Purchase of tangible assets 7781600000
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 0
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Proceeds from government grants 0
Net cash flows from (used in) investing activities before extraordinary items -7768800000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) investing activities -7768800000
5 Cash flows from used in financing activities
Proceeds from issuing shares 57900000
Proceeds from issuing other equity instruments 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 14607000000
Repayments of borrowings 11010200000
Dividends paid 550200000
Interest paid 0
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities before extraordinary items 3104500000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) financing activities 3104500000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 4091500000
6 Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents 4091500000
Cash and cash equivalents cash flow statement at beginning of period 30274700000
Cash and cash equivalents cash flow statement at end of period 34366200000


Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 Deloitte Haskins & Sells, Chartered Accountants Yes 31-Mar-2027
2 Kirtane & Pandit LLP, Chartered Accountants Yes 31-Dec-2025


Financial details
Sr. Particulars Audited Figures (as reported before adjusting for qualifications) Adjusted Figures (audited figures after adjusting for qualifications)
1 Turnover / Total income
2 Total Expenditure
3 Net Profit/(Loss)
4 Earnings Per Share
5 Total Assets
6 Total Liabilities
7 Net Worth

Any other financial item(s) (as felt appropriate by the management)



Signatories details

Name of CEO / Managing director
Name of CFO
Name of audit committee chairman
Name of statutory auditor
Name of other signatory, if any, with designation
Place
Date


Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity /subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 Utkarsh Small Finance Bank Limited Govind Singh Managing Director and CEO - KMP Interest paid Approved 0 0 0
2 Utkarsh Small Finance Bank Limited Revati Govind Singh Relative of KMP Any other transaction Deposit Accepted Approved 0 10000000 2500000
3 Utkarsh Small Finance Bank Limited Revati Govind Singh Relative of KMP Any other transaction Deposit Repaid Approved 7500000 10000000 2500000
4 Utkarsh Small Finance Bank Limited Revati Govind Singh Relative of KMP Interest paid Approved 300000 0 0
5 Utkarsh Small Finance Bank Limited Achin Singh Relative of KMP Any other transaction Deposit Accepted Approved 0 10500000 3000000
6 Utkarsh Small Finance Bank Limited Achin Singh Relative of KMP Any other transaction Deposit Repaid Approved 7500000 10500000 3000000
7 Utkarsh Small Finance Bank Limited Achin Singh Relative of KMP Interest paid Approved 400000 0 0
8 Utkarsh Small Finance Bank Limited Ankur Singh Relative of KMP Any other transaction Deposit Accepted Approved 0 10000000 2500000
9 Utkarsh Small Finance Bank Limited Ankur Singh Relative of KMP Any other transaction Deposit Repaid Approved 7500000 10000000 2500000
10 Utkarsh Small Finance Bank Limited Ankur Singh Relative of KMP Interest paid Approved 300000 0 0
11 Utkarsh Small Finance Bank Limited Ramesh Chandra Singh Relative of KMP Any other transaction Deposit Accepted Approved 0 2000000 1400000
12 Utkarsh Small Finance Bank Limited Ramesh Chandra Singh Relative of KMP Any other transaction Deposit Repaid Approved 600000 2000000 1400000
13 Utkarsh Small Finance Bank Limited Ramesh Chandra Singh Relative of KMP Interest paid Approved 100000 0 0
14 Utkarsh Small Finance Bank Limited Parvati Devi Relative of KMP Any other transaction Deposit Accepted Approved 500000 1100000 1200000
15 Utkarsh Small Finance Bank Limited Parvati Devi Relative of KMP Any other transaction Deposit Repaid Approved 400000 1100000 1200000
16 Utkarsh Small Finance Bank Limited Parvati Devi Relative of KMP Interest paid Approved 100000 0 0
17 Utkarsh Small Finance Bank Limited RAAG Family Private Trust Enterprise where KMP exercise significant influence Any other transaction Deposit Accepted Approved 2000000 45000000 47000000
18 Utkarsh Small Finance Bank Limited RAAG Family Private Trust Enterprise where KMP exercise significant influence Any other transaction Deposit Repaid Approved 0 45000000 47000000
19 Utkarsh Small Finance Bank Limited RAAG Family Private Trust Enterprise where KMP exercise significant influence Interest paid Approved 1900000 0 0
20 Utkarsh Small Finance Bank Limited Nirmala P. Simaria Relative of KMP Any other transaction Deposit in the ordinary course of Banking business Approved 0 1600000 1400000
21 Utkarsh Small Finance Bank Limited Nirmala P. Simaria Relative of KMP Any other transaction Deposit in the ordinary course of Banking business Approved 200000 1600000 1400000
22 Utkarsh Small Finance Bank Limited Nirmala P. Simaria Relative of KMP Interest paid Approved 0 0 0
23 Utkarsh Small Finance Bank Limited Utkarsh Small Finance Bank Employees’ Gratuity Trust Post-employment benefit plan Any other transaction Contribution towards Gratuity 100000000 Based on Estimated no of Employees and actuarial valuation 42800000 0 0
24 Utkarsh Small Finance Bank Limited Utkarsh Small Finance Bank Employees’ Gratuity Trust Post-employment benefit plan Any other transaction Withdrawal from Gratuity Trust 0 Approved 23200000 0 0
25 Utkarsh Small Finance Bank Limited Utkarsh Welfare Foundation Related Company - Company in which Director /KMP /or their Relatives are members Any other transaction Contribution towards Corporate Social Responsibility (CSR) activities 85000000 Approved 42500000 0 0
26 Utkarsh Small Finance Bank Limited Utkarsh CoreInvest Limited Holding Company Any other transaction Deposit Accepted 700000000 NA 212800000 502400000 527000000
27 Utkarsh Small Finance Bank Limited Utkarsh CoreInvest Limited Holding Company Any other transaction Deposit Repaid 0 NA 188300000 502400000 527000000
28 Utkarsh Small Finance Bank Limited Utkarsh CoreInvest Limited Holding Company Interest paid 0 Approved 22200000 0 0
29 Utkarsh Small Finance Bank Limited Utkarsh CoreInvest Limited Holding Company Any other transaction Rent received from UCL for USFB Office space used by UCL. (excluding GST) 1200000 As per agreement approved by the Board 400000 0 0
30 Utkarsh Small Finance Bank Limited Utkarsh CoreInvest Limited Holding Company Any other transaction Collection made by USFB for and on behalf of UCL against Written off portfolio 30000000 As per agreement approved by the Board 10600000 -900000 5800000
31 Utkarsh Small Finance Bank Limited Utkarsh CoreInvest Limited Holding Company Any other transaction Fee received from UCL for Collection Services rendered by USFB (excluding GST) 300000 As per agreement approved by the Board 100000 -900000 5800000
32 Utkarsh Small Finance Bank Limited Utkarsh CoreInvest Limited Holding Company Any other transaction Cross charge for UCL ESOP Scheme 1000000 As per agreement approved by the Board 400000 -900000 5800000
Total value of transaction during the reporting period 572600000





Format for Disclosing Outstanding Default on Loans and Debt Securities
Sr. No. Particulars Amount Remarks
1. Loans / revolving facilities like cash credit from banks / financial institutions
A Total amount outstanding as on date
B Of the total amount outstanding, amount of default as on date
2. Unlisted debt securities i.e. NCDs and NCRPS
A Total amount outstanding as on date
B Of the total amount outstanding, amount of default as on date
3. Total financial indebtedness of the listed entity including short-term and long-term debt