Utkarsh SFB reports 55% YoY disbursement growth as non-JLG lending expands
As filed · Utkarsh Small Finance Bank Limited has informed the Exchange about the Business Updates for the quarter and half year ended September 30, 2026.
What happened
FactUtkarsh Small Finance Bank’s provisional Q2 FY27 disbursements rose to ₹3,525 crore, up 54.9% YoY and 4.6% QoQ, led by non-JLG disbursements, while gross loan portfolio increased 7.5% YoY to ₹20,063 crore. Total deposits grew 6.6% YoY to ₹23,869 crore; X-bucket collection efficiency was 99.53%, SMA pool was 1.48%, and LCR stood at 176% as of September 30, 2026.
Why it matters
CapitSignal interpretationProduction and sales volumes are the operating data behind the next set of reported numbers.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Guidance
DelayedVery similar type of growth we expect for next year also in the top line.
25% to 30% growth for this year and very similar type of growth we expect for next year also in the top line.
Change
FactImplication
CapitSignal interpretationGuidance
DelayedWe are aiming for a loan book growth of 25% to 30%, with the secured lending comprising ~55% of the portfolio, maintaining NIM of around 8% and delivering a ROE of ~15% by FY28.
Our idea is to remain almost in the same range, around 25% or so, overall, if you look at JLG part over a period of next 2 to 3 years also, so, around 25% is what we expect our JLG portfolio will be.
Change
FactImplication
CapitSignal interpretationGuidance
Delayed25% to 30% is the range for this year.
Very similar type of growth we expect for next year also in the top line.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Volume trend against the prior period
- We are aiming for a loan book growth of 25% to 30%, with the secured lending comprising ~55% of the portfolio, (management committed by FY28)
- The bank is planning to raise around INR500 crores through NCDs in the current year to accelerate growth initi (management committed by FY27)
Evidence
- Utkarsh Small Finance Bank Limited has informed the Exchange about the Business Updates for the quarter and half year ended September 30, 2026.(opens the original filing in a new tab)
- Earlier statement · Q1 FY27
- Latest statement · Q1 FY27
- Earlier statement · Q1 FY27
- Latest statement · Q1 FY27
- Earlier statement · Q1 FY27
- Latest statement · Q1 FY27
How CapitSignal classified this
- Reasoning:
- The update indicates strong growth in overall lending and deposits, with non-JLG lending increasingly driving disbursements and the portfolio. However, JLG exposure declined materially, while collection efficiency eased from 99.63% in Q1 FY27 and the SMA pool increased from 1.20%.
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%