Utkarsh, which closed FY25 with a net profit of Rs 24 crore, slipped into losses in the Q1 FY26. ESAF’s losses widened in FY25 and it also posted a loss in Q1
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Lower default, better recovery expected as micro-finance cycle turns around
As many as 3–4 small finance banks may be required to raise capital in the next 6–12 months owing to asset quality issues plaguing the micro lenders, sources familiar with the development have said.
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The bank's asset quality also saw a sharp deterioration. Its net non-performing assets (NPA) jumped multifold to Rs 457.69 crore in Q3 FY25, up from Rs 29 crore in Q3 FY24.
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In its Q3FY25 business update, Utkarsh SFB reported 0.2 percent QoQ decrease in its gross loan portfolio
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Stocks To Watch Today, Dec 30: Stocks like Prestige Estates Projects, Coforge, PNC Infratech, Fortis Healthcare, Utkarsh Small Finance Bank, SJVN, Reliance Infrastructure, Reliance Industries, Max Financial Services, Alkyl Amines Chemicals, Godrej Consumer Products, IOL Chemicals, and Carraro India will also be in focus on December 30.
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Zodiac Ventures, Reliance Power, GR Infraprojects, Reliance Infrastructure, Satin Creditcare Network, Mphasis, Utkarsh Small Finance Bank, and Vakrangee will also be in focus on September 18.
ICICI Securities is bullish on Utkarsh Small Finance Bank has recommended buy rating on the stock with a target price of Rs 70 in its research report dated August 06, 2024.
Given the huge demand-supply gap, SFBs offer multi-fold growth opportunities
ICICI Securities is bullish on Utkarsh Small Finance Bank has recommended buy rating on the stock with a target price of Rs 70 in its research report dated April 27, 2024.
The company declared a dividend of Rs 0.5 per equity share of Rs 10, the company said
ICICI Securities is bullish on Utkarsh Small Finance Bank recommended buy rating on the stock with a target price of Rs 70 in its research report dated April 11, 2024.
Higher loan growth, but core portfolio stress needs to be watched as far as both Utkarsh and Suryoday are concerned
Pending Sebi's adjudication proceedings, the bank proposed to settle the proceedings initiated against it, without admitting or denying the findings of facts and conclusions of law.
ICICI Securities is bullish on Utkarsh Small Finance Bank recommended buy rating on the stock with a target price of Rs 70 in its research report dated March 21, 2024.
Singh further added that the bank is focusing more on the QR code type of banking and they are getting good traction on that and especially.
As regards asset quality, gross Non-Performing Assets (NPAs) of the bank declined to 3.04 per cent of the gross loans by the end of December 2023 from 3.58 per cent a year ago.
Utkarsh Small Finance Bank has given a return of 20.62 percent over the last six months. The benchmark Nifty Bank index has given a return of 6.74 percent over the same duration.
ICICI Securities is bullish on Utkarsh Small Finance Bank recommended buy rating on the stock with a target price of Rs 70 in its research report dated January 01, 2024.