Utkarsh Small Finance Bank Limited · NSE:UTKARSHBNK
Utkarsh Small Finance Bank — Q4 FY26 Earnings Presentation
50 slides from Utkarsh Small Finance Bank's earnings presentation, May 9, 2026
Slide 1: Regulation 30 filing letter to stock exchanges
May 09, 2026 BSE Limited National Stock Exchange of India Limited Scrip Code: 543942, 975790, 959644, Symbol: UTKARSHBNK 976203 Dear Sir/Madam, Sub: Investor Presentation under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
Slide 2: Investor Presentation Q4 FY26
Slide 3: Renewed Growth – Assets & Liabilities
Renewed Growth – Assets & Liabilities Change Change Particulars Q4 FY26 Q4 FY25 Q3 FY26 YoY QoQ (Amount in ₹ Crore) (Audited) % (Limited Review) % Disbursements Total Disbursements 4,207 3,235 30.1% 2,880 46.1% JLG (incl. BC JLG) Disbursements 1,425 1,398 2.0% 901 58.2% Non-JLG Disbursements 2,782 1
Slide 4: Overall Performance Highlights Q4 & FY26
Overall Performance Highlights Q4 & FY26 FY26 Q4 FY26 ₹19,332 cr. vs. Loss ₹1,151 cr. vs. Loss ₹188 cr. vs. ₹21,654 cr. vs. ₹2,776 cr. vs. 7.7% vs. [9.4%] 1,110 vs. [1,092] [₹19,666 cr.] Profit [₹24 cr.] Profit [₹3 cr.] [₹21,566 cr.] [₹2,975 cr.] Gross NPAs Banking Outlets Gross Loan Profit After Ta
Slide 5: Asset Quality Stabilisation – Micro-Banking
Asset Quality Stabilisation – Micro-Banking All Amounts in ₹ Crores Collection Efficiency SMA levels dropped significantly (excl. Pre-Payments) X-Bucket 99.1% 98.7% 98.6% 99.1% 99.7% Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 SMA 0 % 1.1% 1.9% 1.8% 0.9% 0.4% 86% 87% 82% 80% 82% SMA 1 % 1.6% 1.5% 1.3% 0.9% 0
Slide 6: Asset Quality Stabilisation – Bank Level
Asset Quality Stabilitisation – Bank Level All Amounts in ₹ Crores Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Mar-25 Dec-25 Mar-26 223 411 462 446 244 Credit Cost Gross NPA % 9.4% 11.0% 7.7% 4.7% 8.5% 9.7% 9.6% 5.3% Net NPA % 4.8% 4.5% 3.3% PCR % 51.2% 59.2% 62.7% 62.2% 59.3% 2,196 2,276 SMA 1 & 2 % 1,
Slide 7: Sustainable Franchise
Sustainable Franchise Diversified Asset Mix within the SFBs – Swiftly de-risking the business with Secured loans now constituting 51% of the portfolio Strategic Geographic Expansion: Sustaining JLG dominance in UP & Bihar on the back of first-mover advantage and brand recall, alongside retail lendin
Slide 8: Building Growth Strategies
Building Growth Strategies Continue diversifying asset portfolio Consistently increase share of secured loans in portfolio mix Leverage wide base of existing customers in the unserved and underserved segments – Utkarsh in Extend product offerings from JLG loans to individual loans, affordable
Slide 9: Journey and Franchise; Portfolio and Deposits Build Up; Financial Performance
Journey and Franchise Portfolio Build Up Deposits Build Up Financial Performance Technology, ESG & CSR 8
Slide 10: Journey and Franchise
Journey and Franchise Committed journey of ~16 years from Microfinance to Small Finance Bank to Listed Company Significant presence in rural & semi urban locations and under penetrated States of the Country Differentiated branch network to ensure relevant product offerings for customers & ensuring c
Slide 11: Utkarsh Journey
Utkarsh Journey In Jul-23 Bank launched IPO to raise equity capital of ₹500 crore; Bank successfully raised equity IPO oversubscribed >100 X; capital through Rights Issue for Higher ever annual PAT of ₹498 an amount aggregating to ₹950 crore in FY24 crore in Nov-25 FY26 FY24 FY25 Launched digital on
Slide 12: Business Overview
Business Overview Focus on Financial inclusion, offer a range of financial products and services that address the specific requirements of customer segments Micro-Banking 38% Other Retail Loans 46% Joint Liability Business MSME Loans Housing Group Loans Loans (Retail Assets) Loans Asset 28% 11% prod
Slide 13: Diversified distribution network
Diversified distribution network Extensive physical network of Banking Outlets (Mar’26) Potential for Retail Assets within existing Branches (Mar’26) Subset of GB Branches >50 Outlets Total MB GB MSME HL Wheels 1 <50 Outlets STATES Banking Outlets Outlets* Locations Locations Locations Outlets No Ou
Slide 14: Portfolio Build-up
Portfolio Build-up • Slowdown witnessed in JLG segment due to market Non-JLG Loan portfolio grew by 29.5% YoY disruptions Rural & semi urban franchise, deep rooted understanding • Continued focus on high yield, low risk products & of our core geographies, proven track record - key improving producti
Slide 15: Loan Portfolio Build-up
Loan Portfolio Build-up All Amounts in ₹ Crores Product CAGR% Loan Book (Mar-20) (FY20-FY26) Micro-Banking Business Loans (MBBL) 133% Wholesale Housing Lending Loans Other Retail Loans** 62% Retail 1% Others* Loans 5% 2% JLG* 19,666 19,332 (MSME) MBBL 18,299 4% Other Retail Loans** JLG 2,240 MBBL Wh
Slide 16: Portfolio Mix
Portfolio Mix 10% 16% 24% 35% 39% 53% 70% 90% 84% 76% 65% 61% 47% 30% Mar'20 Mar'21 Mar'22 Mar'23 Mar'24 Mar'25 Mar'26 JLG (incl. BC JLG) Non-JLG 57% 49% 69% 66% 86% 78% 92% 43% 51% 31% 34% 14% 22% 8% Mar'20 Mar'21 Mar'22 Mar'23 Mar'24 Mar'25 Mar'26 Secured Unsecured 15
Slide 17: Micro-Banking Lending
Micro-Banking Lending 16
Slide 18: Micro-Banking Lending
Micro-Banking Lending All Amounts in ₹ Crores Portfolio Outstanding 9,679 9,079 8,271 7,497 7,420 Q4’FY26 JLG MBBL MBBL 918 Customer Base >16 Lakh >2 lakh penetration 916 level <15%, 1,052 significant 1,451 2,034 Portfolio ₹5,386 Crore ₹2,022 Crore 27% potential to grow 8,761 Average Ticket Size 8,1
Slide 19: Joint Liability Group (JLG) Lending
Joint Liability Group (JLG) Lending All Amounts in ₹ Crores Portfolio 8,761 8,163 7,218 6,046 5,386 Geographical Split of JLG Portfolio Disbursements Madhya 1,340 1,310 Maharashtra Pradesh Other Odisha 5% 3% States 6% Presence 1,088 6% across 13 States / UTs 872 835 Jharkhand 8% Uttar Pradesh 27% Bi
Slide 20: Micro-Banking Business Loans
Micro-Banking Business Loans All Amounts in ₹ Crores Portfolio 910 909 1,046 910 1,444 909 2,022 Geographical Split of Portfolio Disbursements Odisha, Maharashtra, Madhya 4% 3% 831 Pradesh, 4% Other States, 4% 592 Jharkhand, Presence 7% across 13 States / UTs 305 260 Bihar, 153 Uttar 50% Pradesh 29%
Slide 21: Other Retail Lending
Other Retail Lending MSME (Retail Assets) Housing Loans CE & CV Loans 20
Slide 22: MSME (Retail Assets) Lending
MSME (Retail Assets) Lending All Amounts in ₹ Crores Portfolio Outstanding 4,456 4,164 4,275 3,875 4,001 Secured Unsecured Micro LAP / Business Loans Business Loan Overdraft (LAP) Mar'25 Jun'25 Sep'25 Dec'25 Mar'26 o Significant presence in our core geography 13.2% 13.7% 13.4% 13.1% 12.7% 700 o Offe
Slide 23: Housing Loans
Housing Loans All Amounts in ₹ Crores Portfolio Outstanding 990 Retail Housing Loans Affordable Housing 947 965 918 929 o Significant presence in our core geography o Currently offering HL product from 62 Mar'25 Jun'25 Sep'25 Dec'25 Mar'26 locations, significant headroom to expand 11.3% 11.1% 11.3%
Slide 24: CE & CV Loans
CE & CV Loans All Amounts in ₹ Crores Portfolio Outstanding 1,188 1,179 1,144 1,102 1,090 CV (New) CE (New) CV & CE (Used) • 74% of total • 14% of total • 12% of total portfolio portfolio portfolio o Lending primarily to small fleet operator segment Mar'25 Jun'25 Sep'25 Dec'25 Mar'26 o Currently off
Slide 25: Geographical Split of Other Retail Lending
Geographical Split of Other Retail Lending All Amounts in ₹ Crores Portfolio 7,747 7,957 8,194 8,393 8,931 Geographical Split of Other Retail Lending Portfolio Disbursements Presence across 27 States / UTs 1,249 WEST BENGAL RAJASTHAN 1,136 3% 3% JHARKHAND 3% Other States 14% 855 HARYANA 736 742 7% U
Slide 26: Wholesale Lending
Wholesale Lending All Amounts in ₹ Crores Portfolio Break up (Mar-20) Portfolio Break up (Mar-26) WSL Mar-26 Mar-25 Dec-25 Portfolio O/s ₹2,676 ₹2,240 ₹2,416 Business Business Share in Gross Loan Portfolio 14% 11% 13% Started Business Banking Group Banking Group Banking in FY21 0% 40% Rating Wise WS
Slide 27: Deposits Build-up
Deposits Build-up CASA Deposits grew by 10.6% YoY; Retail Term Deposits grew by 19.6% YoY Expanded General Banking Franchise significantly Targeting top-100 deposits centres of the country Focus on building retail franchise 26
Slide 28: Deposits Trend & Composition
Deposits Trend & Composition All Amounts in ₹ Crores Deposits Trend CD ratio (excl. Deposits Composition refinance) at Deposits (0.4% YoY Growth) 76%** 22% 20% 21% 22% 24% CASA 71% 74% 78% 82% 83% CASA + RTD 87% 83% 83% 79% 79% 25,000 90% 80% 26% 22% 18% 17% Institutional Term Deposits 70% 29% Retai
Slide 29: Deposits Trend & Composition (Contd.)
Deposits Trend & Composition (Contd.) All Amounts in ₹ Crores Geographically well diversified Deposits* mix Retail Term Deposits Tenure wise Break up Uttar Pradesh 17.5% Mar-23 Mar-26 Maharashtra 13.2% 3 Years and above 3 Years and above 7% 35% NCT of Delhi 11.8% Haryana 7.4% West Bengal 5.8% Punjab
Slide 30: Financial Performance
Financial Performance Results impacted due to market disruptions in MFI segment Secured assets growth and deposits build-up in line with expectations 29
Slide 31: Profit & Loss
Profit & Loss: For the quarter and year ended March 31st, 2026 All Amounts in ₹ Crores Particulars FY26 FY25 Y-o-Y Q4’FY26 Q4’FY25 Y-o-Y Q3’FY26 Q-o-Q INCOME Audited Audited Limited Review Total Interest Earned 3,379 3,765 (10)% 837 880 (5)% 821 2% Less : Interest Expense 1,902 1,742 9% 461 468 (2)%
Slide 32: Balance Sheet: As on March 31st, 2026
Balance Sheet: As on March 31st, 2026 All Amounts in ₹ Crores March 31st, March 31st, December 31st, Particulars Y-o-Y Q-o-Q 2026 2025 2025 CAPITAL & LIABILITIES Audited Limited Review Capital and Reserves 2,776 2,975 (7)% 2,961 (6)% Deposits 21,654 21,566 0% 21,087 3% Borrowings 2,829 2,355 20% 2,6
Slide 33: Profitability Metrics
Profitability Metrics Operating Profit & PAT – Quarterly Trend (₹ in crores) YTD Operating Profit & PAT (₹ in crores) 234 1,007 92 3 12 24 56 (3) (44) (188) (239) (348) (375) (1,151) Q4' FY25 Q1' FY26 Q2' FY26 Q3' FY26 Q4' FY26 FY25 FY26 Operating Profit (PPoP) PAT Operating Profit (PPoP) PAT 17.9%
Slide 34: Profitability Metrics (Contd.)
Profitability Metrics (Contd.) 5.2% 8.2% 61.6% / 15.9% 97.0% / 12.8% FY25 FY26 FY25 FY26 9.7% 9.6% 110.3% 8.5% 100.7% 97.5% 83.0% 4.7% 5.3% 66.5% 15.6% 11.6% 13.8% 32.6% 9.8% Credit Cost Q4'FY25 Q1'FY26 Q2'FY26 Q3'FY26 Q4'FY26 Q4'FY25 Q1'FY26 Q2'FY26 Q3'FY26 Q4'FY26 Cost to Income Ratio Non-Interest
Slide 35: Break-up of Other Income
Break-up of Other Income All Amounts in ₹ Crores ₹ 138 crore ₹ 97 crore ₹ 81 crore ₹115 crore 37 0 37 19 12 13 4 25 25 28 13 46 12 4 25 12 46 23 22 28 Q1'FY26 Q2'FY26 Q3'FY26 Q4'FY26 Loan Processing Fee PSLC Income Recovery from written off accounts General Banking & Other Income Gain on Sale of Sec
Slide 36: CRAR & Tier 1
CRAR & Tier 1 All Amounts in ₹ Crores Particulars Mar-26 Mar-25 Dec-25 Risk Weighted Assets 15,006 15,526 14,227 Total Capital 2,657 3,249 2,861 Tier-I Capital 2,247 2,776 2,433 Tier-II Capital 410 474 427 CRAR 17.71% 20.93% 20.11% Tier-I CRAR 14.98% 17.88% 17.10% Tier-II CRAR 2.73% 3.05% 3.00% 35
Slide 37: Shareholding Pattern
Shareholding Pattern Bank Shareholders as on March 31st, 2026 Top 10 Shareholders as on March 31st, 2026 Utkarsh CoreInvest Limited Cohesion MK Best Ideas Sub-Trust Foreign India Capital Fund Limited Individuals Companies, & Others, ICICI Prudential Life Insurance Company Limited NRIs, 3.7% 27.8% Ko
Slide 38: Diversified & Experienced Board
Diversified & Experienced Board Board Members of the Bank Dr. Kshatrapati Shivaji Parveen Kumar Gupta Part Time Chairman & Independent Director Independent Director • IAS (Retd.); experienced in Banking, Economics, Finance, and Law • Certified Associate of the Indian Institute of Bankers • Previousl
Slide 39: Leadership Complementing Bank's Strengths
Leadership Complementing Bank’s Strengths Senior Management Team Govind Singh - Managing Director & Chief Executive Officer • Over 25 years of experience in the banking and financial services sector and in particular the microfinance industry • Previously associated with Utkarsh CoreInvest (Bank’s P
Slide 40: Tech, ESG & CSR
Tech, ESG & CSR Technology Setup to support Physical Infrastructure and Digital Requirement Integrating ESG Sensitivities into our operations & decision- making Contributing to the well-being of the society 39
Slide 41: 360-Degree Transformation → Bank Future Growth Ready
360-DegreeTransformation → Bank Future Growth eady Driving Sustainable Business Growth in the Modern World Automation / Efficiency Transformation Substantial improvement via automation BOT & Agentic AI Re-architecting and revamping the old technology stack Process re-engineering & Collection w
Slide 42: Focus on risk management & effective operations
Focus on risk management & effective operations Risk Management practices in Credit Assessment Robust Underwriting Discipline Enhanced Financial Due Diligence Scorecard-based evaluation ensures Deployment of advanced analytical tools objective borrower assessment. (e.g., Perfios) for comprehensi
Slide 43: Environment, Social & Governance
Environment, Social & Governance Environment Social Governance Practice is aligned Committed to give •Exclusion List •Service to Bottom •Diversified Board •Training and of pyramid •Board with the national E&S due consideration to awareness •Inclusive finance independence laws and regulations environ
Slide 44: Awards & Accolades
Awards & Accolades Alternate Lender of the Year Award, Digital Dynamo Award, Runner up – Best Fintech and DPI Adoption, India Credit Risk Summit and Awards, Yubi’s Lending Annual Banking Technology Conference, 2026 (Synnex Group) Ecosystem Expo and Citations – 2024-25 43
Slide 45: Awards & Accolades (Contd.)
Awards & Accolades (Contd.) Best Embedded Finance Initiative Cyber Security Team of the Year at the ET BFSI EXCELLER Awards 2025 at the 4th IBA CISO Summit & Citations 2025 Category: Payment & Small Finance Banks 44
Slide 46: Utkarsh Welfare Foundation: CSR Initiatives
Utkarsh Welfare Foundation: CSR Initiatives SKILL & ENTERPRISE VILLAGE DEVELOPMENT OTHER PHILANTHROPIC FINANCIAL AWARENESS HEALTH INITIATIVES DEVELOPMENT PROGRAM PROGRAM & EDUCATION ACTIVITIES Initiatives Lives Impacted Lives Impacted Lives Impacted Blood Donation Camps, Lives Impacted 29,30,000+ 46
Slide 47: Utkarsh Welfare Foundation: CSR Initiatives (Contd.)
Utkarsh Welfare Foundation: CSR Initiatives (Contd.) Financial Awareness Health Camps E-Clinics Smart Classes Women Village Development Blood Donation Camps Health Awareness Entrepreneurship Program Learning Enhancement Weavers Support Support to Old Age Agri-Input Support Program Program Home 46
Slide 48: Utkarsh Welfare Foundation: CSR Initiatives (Contd.)
Utkarsh Welfare Foundation: CSR Initiatives (Contd.) Skill Development Farmers Orientation Sponsorship Support Swasthya Mitra Program under VDP Women Supporting Rural Installation of Water Handover of Sanitation Entrepreneurship Children’s Education ATM Boat Digital Financial Literacy Financial Lite
Slide 49: Disclaimer
Disclaimer Utkarsh Small Finance Bank Limited (also referred to as ‘Bank’). By attending a meeting where this presentation is made, or by reading this presentation material, you agree to be bound by following limitations: The information in this presentation has been prepared for use in presentation
Slide 50: Thank You
THANK YOU. ©) Utkarsh Small Finance Bank
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