Utkarsh Small Finance Bank Limited · NSE:UTKARSHBNK
Utkarsh Small Finance Bank — Q2 FY27 Earnings Presentation
46 slides from Utkarsh Small Finance Bank's earnings presentation, Nov 3, 2026
Slide 1: Exchange filing cover letter under Regulation 30
November 03, 2026 BSE Limited National Stock Exchange of India Limited Scrip Code: 543942, 975790, 959644, Symbol: UTKARSHBNK 976203, 978213 Dear Sir/Madam, Sub: Investor Presentation under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regu
Slide 2: Investor Presentation Q2 FY27
Slide 3: Q2 & H1 FY27 Performance Snapshot
Q2 & H1 FY27 Performance Snapshot All Amounts in ₹ Crores Banking Outlets : 1,110 vs. 1,104 (Sep-25) YoY QoQ Portfolio Yield Portfolio Amount Growth Growth Presence : 27 States & UTs (H1’27) (H1’26) (Q2’27) (Q2’26) (Q1’27) Head Count : 18,300 vs. 19,474 (Sep-25) Gross Loan Portfolio 20,062 7.5% 2.3%
Slide 4: 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 o erings from JLG loans to individual loans, a ordable ho
Slide 5: Journey and Franchise, Portfolio, Deposits, Financial Performance
Journey and Franchise Portfolio Build Up Deposits Build Up Financial Performance Technology, ESG & CS 4
Slide 6: Journey and Franchise
Journey and Franchise Committed journey of ~17 years from Microfinance to Small Finance Bank to Listed Company Significant presence in rural & semi urban locations and under penetrated States of the Country Di erentiated branch network to ensure relevant product o erings for customers & ensuring cost
Slide 7: Utkarsh Journey
Utkarsh Journey Bank successfully raised equity Bank raised Tier-II capital capital through ights Issue for through NCDs for an an amount aggregating to ₹950 amount aggregating to crore in Nov-25 ₹300 crore in Sep-26 H1 FY26 FY27 Launched digital on- Conversion of boarding microfinance aised equity c
Slide 8: Business Overview
Business Overview Focus on Financial inclusion, o er a range of financial products and services that address the specific requirements of customer segments Micro-Banking 37% Other etail Loans 46% Joint Liability Business MSME Loans Housing Group Loans Loans ( etail Assets) Loans Asset 24% 13% products
Slide 9: Diversified distribution network
Diversified distribution network Extensive physical network of Banking Outlets (Sep’26) Potential for etail Assets within existing Branches (Sep’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 Outl
Slide 10: Portfolio Build-up
Portfolio Build-up • Slowdown witnessed in JLG segment due to market Non-JLG Loan portfolio grew by 35.1% YoY disruptions ural & semi urban franchise, deep rooted understanding • Continued focus on high yield, low risk products & of our core geographies, proven track record - key improving productiv
Slide 11: Loan Portfolio Build-up
Loan Portfolio Build-up All Amounts in ₹ Crores Product CAG % Loan Book (Mar-20) (FY20-H1 FY27) Wholesale Housing Micro-Banking Business Loans (MBBL) 127% etail Lending Loans Other etail Loans** 57% Loans 5% 1% Others* 20,062 (MSME) 2% JLG* 19,666 19,332 4% MBBL 18,299 JLG Other Retail Loans** MBBL
Slide 12: Portfolio Mix
Portfolio Mix 10% 16% 24% 35% 39% 53% 70% 74% 90% 84% 76% 65% 61% 47% 30% 26% Mar'20 Mar'21 Mar'22 Mar'23 Mar'24 Mar'25 Mar'26 Sep'26 JLG (incl. BC JLG) Non-JLG 8% 14% 22% 31% 34% 43% 51% 52% 92% 86% 78% 69% 66% 57% 49% 48% Mar'20 Mar'21 Mar'22 Mar'23 Mar'24 Mar'25 Mar'26 Sep'26 Unsecured Secured 11
Slide 13: Asset Quality Stabilisation – Bank Level
Asset Quality Stabilisation – Bank Level All Amounts in ₹ Crores Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Sep-25 Jun-26 Sep-26 462 446 244 109 166 Credit Cost Gross NPA %** 12.2% 5.9% 5.9% 9.7% 9.6% 5.3% 2.3% 3.3% Net NPA %** 4.9% 2.8% 2.7% PC % 62.7% 62.2% 59.3% 54.6% 55.5% 2,276 SMA 1 & 2 % 1,986 1
Slide 14: Micro-Banking Lending
Micro-Banking Lending 13
Slide 15: Micro-Banking Lending
Micro-Banking Lending All Amounts in ₹ Crores Portfolio Outstanding 8,271 7,497 7,420 7,322 7,333 Q2’FY27 JLG MBBL MBBL 1,052 Customer Base >13 Lakh ~3.5 lakh penetration 1,451 level ~20%, 2,034 2,259 significant 2,586 35% Portfolio ₹4,747 Crore ₹2,574 Crore potential to grow 7,218 Average Ticket Siz
Slide 16: Joint Liability Group (JLG) Lending
Joint Liability Group (JLG) Lending All Amounts in ₹ Crores Portfolio 7,218 6,046 5,386 5,063 4,747 Geographical Split of JLG Portfolio Disbursements Madhya Odisha Other 1,310 Pradesh Maharashtra 4% States 4% 1,094 5% 6% Presence across 13 States / UTs 872 835 818 Jharkhand 9% Uttar Pradesh Bihar 27
Slide 17: Micro-Banking Business Loans
Micro-Banking Business Loans All Amounts in ₹ Crores Portfolio 1,046 1,444 2,022 910 2,246 909 2,574 Geographical Split of Portfolio Disbursements Madhya Maharashtra, Pradesh, 3% 114% YoY Growth Odisha, 4% 831 5% Other States, 5% 652 Jharkhand, Presence 592 7% across 13 508 States / UTs 305 Bihar, 4
Slide 18: Asset Quality Stabilisation – Micro-Banking
Asset Quality Stabilisation – Micro-Banking All Amounts in ₹ Crores Collection E ciency SMA levels dropped significantly (excl. Pre-Payments) X-Bucket 98.62% 99.08% 99.69% 99.63% 99.53% Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 SMA 0 % 1.8% 0.9% 0.4% 0.5% 0.8% 91% 93% 87% 80% 82% SMA 1 % 1.3% 0.9% 0.4% 0.3%
Slide 19: Other Retail Lending
Other etail Lending MSME ( etail Assets) Housing Loans CE & CV Loans 18
Slide 20: MSME (Retail Assets) Lending
MSME ( etail Assets) Lending All Amounts in ₹ Crores Portfolio Outstanding 4,456 4,482 4,489 4,164 4,275 Secured Unsecured Micro LAP / Business Loans Business Loan Overdraft (LAP) Sep'25 Dec'25 Mar'26 Jun'26 Sep'26 o Significant presence in our core geography 13.4% 13.1% 12.7% 12.8% 12.7% 600 o O eri
Slide 21: Housing Loans
Housing Loans All Amounts in ₹ Crores Portfolio Outstanding etail Housing Loans A ordable Housing 990 1,005 984 947 965 o Significant presence in our core geography o Currently o ering HL product from 62 Sep'25 Dec'25 Mar'26 Jun'26 Sep'26 locations, significant headroom to expand 11.3% 11.1% 10.9% 10.
Slide 22: CE & CV Loans
CE & CV Loans All Amounts in ₹ Crores Portfolio Outstanding 1,144 1,102 1,090 CV (New) CE (New) CV & CE (Used) 990 988 • 70% of total • 15% of total • 15% of total portfolio portfolio portfolio o Lending primarily to small fleet operator segment Sep'25 Dec'25 Mar'26 Jun'26 Sep'26 o Currently o ering
Slide 23: Geographical Split of Other Retail Lending
Geographical Split of Other etail Lending All Amounts in ₹ Crores Portfolio 8,194 8,393 8,931 8,987 9,216 Geographical Split of Other etail Lending Portfolio Disbursements Presence across 27 49% YoY Growth States / UTs JHA KHAND WEST BENGAL 1,136 1,108 3% 3% AJASTHAN Other States 3% 951 15% 855 HA Y
Slide 24: Wholesale Lending
Wholesale Lending All Amounts in ₹ Crores Portfolio Break up (Mar-20) Portfolio Break up (Sep-26) WSL Sep-26 Sep-25 Jun-26 Portfolio O/s ₹3,085 ₹2,190 ₹2,921 Business Business Share in Gross Loan Portfolio 15% 12% 15% Started Business Banking Group Banking in FY21 Banking Group 0% 41% ating Wise WSL
Slide 25: Deposits Build-up
Deposits Build-up CASA Deposits grew by 14.2% YoY; etail Term Deposits grew by 11.8% YoY Expanded General Banking Franchise significantly Targeting top-100 deposits centres of the country Focus on building retail franchise 24
Slide 26: Deposits Trend & Composition
Deposits Trend & Composition All Amounts in ₹ Crores Deposits Trend CD ratio (excl. Deposits Composition refinance) at Deposits (7% YoY Growth) 76%** 20% 21% 23% 21% 21% CASA 78% 81% 83% 83% 82% CASA + TD 80% 80% 81% 30,000 75% 76% 90% 28,000 26,000 17% 17% 80% 22% 19% 18% Institutional Term Deposits
Slide 27: Deposits Trend & Composition (Contd.)
Deposits Trend & Composition (Contd.) All Amounts in ₹ Crores Geographically well diversified Deposits* mix etail Term Deposits Tenure wise Break up Uttar Pradesh 17.4% Mar-23 Sep-26 Maharashtra 12.3% 3 Years and above 3 Years and above 7% 31% NCT of Delhi 11.9% Haryana 7.6% West Bengal 6.0% Punjab 5
Slide 28: Financial Performance
Financial Performance esults impacted due to market disruptions in MFI segment Secured assets growth and deposits build-up in line with expectations 27
Slide 29: Profit & Loss
Profit & Loss: For the quarter and half year ended September 30th, 2026 All Amounts in ₹ Crores Particulars H1’FY27 H1’FY26 Y-o-Y Q2’FY27 Q2’FY26 Y-o-Y Q1’FY27 Q-o-Q INCOME Total Interest Earned 1,793 1,721 4% 909 840 8% 884 3% Less : Interest Expense 935 969 (3)% 474 489 (3)% 461 3% Net Interest Inc
Slide 30: Balance Sheet: As on September 30th, 2026
Balance Sheet: As on September 30th, 2026 All Amounts in ₹ Crores September 30th, September 30th, June 30th, Particulars Y-o-Y Q-o-Q 2026 2025 2026 CAPITAL & LIABILITIES Capital and eserves 2,676 2,394 12% 2,745 (3)% Deposits 23,869 22,385 7% 23,107 3% Borrowings 1,939 1,958 (1)% 1,845 5% Other Liab
Slide 31: Profitability Metrics
Profitability Metrics Operating Profit & PAT – Quarterly Trend (₹ in crores) Half-yearly Operating Profit & PAT (₹ in crores) 12 64 85 88 149 (3) (44) (34) (70) (188) (104) (348) (375) (588) Q2' FY26 Q3' FY26 Q4' FY26 Q1' FY27 Q2' FY27 H1'FY26 H1'FY27 Operating Profit (PPoP) PAT Operating Profit (PPoP)
Slide 32: Profitability Metrics (Contd.)
Profitability Metrics (Contd.) 9.1% 2.8% 91.1% / 13.7% 86.1% / 11.8% H1 FY26 H1 FY27 H1 FY26 H1 FY27 9.7% 9.6% 110.3% 100.7% 97.5% 88.2% 83.9% 5.3% 3.3% 2.3% 11.6% 9.8% 13.8% 13.4% 10.2% Credit Cost Q2'FY26 Q3'FY26 Q4'FY26 Q1'FY27 Q2'FY27 Q2'FY26 Q3'FY26 Q4'FY26 Q1'FY27 Q2'FY27 Cost to Income Ratio N
Slide 33: Break-up of Other Income
Break-up of Other Income All Amounts in ₹ Crores ₹ 97 crore ₹119 crore ₹93 crore 5 34 12 6 25 9 30 13 35 10 11 25 35 36 22 Q2'FY26 Q1'FY27 Q2'FY27 Loan Processing Fee PSLC Income Recovery from written off accounts General Banking & Other Income Gain on Sale of Securities / NPA Sale to ARC, etc. 32
Slide 34: CRAR & Tier 1
C A & Tier 1 All Amounts in ₹ Crores Particulars Sep-26 Sep-25 Jun-26 isk Weighted Assets 14,915 13,994 14,373 Total Capital 2,543 2,409 2,506 Tier-I Capital 1,907 1,982 2,174 Tier-II Capital 636 427 332 C A 17.05% 17.21% 17.44% Tier-I C A 12.78% 14.16% 15.13% Tier-II C A 4.27% 3.05% 2.31% 33
Slide 35: Shareholding Pattern
Shareholding Pattern Bank Shareholders as on September 30th, 2026 Top 10 Shareholders as on September 30th, 2026 Utkarsh CoreInvest Limited Cohesion MK Best Ideas Sub-Trust Foreign India Capital Fund Limited Individuals Companies, & Others, ICICI Prudential Life Insurance Company Limited N Is, 3.2%
Slide 36: Diversified & Experienced Board
Diversified & Experienced Board Dr. Kshatrapati Shivaji Part Time Chairman & Independent Director • IAS ( etd.); experienced in Banking, Economics, Finance, and Law • Previously associated with Maharashtra eal Estate Appellate Tribunal as member in rank & status of Chief Secretary of Govt. of MH, Min
Slide 37: Leadership Complementing Bank's Strengths
Leadership Complementing Bank’s Strengths Senior Management Team Govind Singh - Managing Director & Chief Executive O cer Sarjukumar Pravin Simaria - Executive Director • Over 25 years of experience in the banking and financial services sector • Experienced in the field of financial management, oversee
Slide 38: Tech, ESG & CSR
Tech, ESG & CS Technology Setup to support Physical Infrastructure and Digital equirement Integrating ESG Sensitivities into our operations & decision- making Contributing to the well-being of the society 37
Slide 39: 360-Degree Transformation → Bank Future Growth Ready
360-DegreeTransformation → Bank Future Growth eady Driving Sustainable Business Growth in the Modern World Automation / E ciency Transformation Substantial improvement via automation BOT & Agentic AI e-architecting and revamping the old technology stack Process re-engineering & Collection work
Slide 40: Focus on risk management & effective operations
Focus on risk management & e ective operations isk Management practices in Credit Assessment obust Underwriting Discipline Enhanced Financial Due Diligence Scorecard-based evaluation ensures Deployment of advanced analytical tools objective borrower assessment. (e.g., Perfios) for comprehensive r
Slide 41: 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 environme
Slide 42: Utkarsh Welfare Foundation: CSR Initiatives
Utkarsh Welfare Foundation: CS Initiatives SKILL & ENTE P ISE VILLAGE DEVELOPMENT OTHE PHILANTH OPIC FINANCIAL AWA ENESS HEALTH INITIATIVES DEVELOPMENT P OG AM P OG AM & EDUCATION ACTIVITIES Initiatives Lives Impacted Lives Impacted Lives Impacted Blood Donation Camps, Lives Impacted 30,90,000+ 47,0
Slide 43: Utkarsh Welfare Foundation: CSR Initiatives (Contd.)
Utkarsh Welfare Foundation: CS 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 42
Slide 44: Utkarsh Welfare Foundation: CSR Initiatives (Contd.)
Utkarsh Welfare Foundation: CS Initiatives (Contd.) Skill Development Farmers Orientation Sponsorship Support Swasthya Mitra Program under VDP Women Supporting ural Installation of Water Handover of Sanitation Entrepreneurship Children’s Education ATM Boat Digital Financial Literacy Financial Litera
Slide 45: 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 46: Thank You
THANK YOU. ©) Utkarsh Small Finance Bank
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