Announced Fri, 26 Jun · 20:47 IST
Bank approves sale of NPAs and written-off loans worth Rs 727 cr to ARC
Business Updates View source PDF
UTKARSHBNK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.4%1-day move
₹14.57
prior close
₹14.50
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.6-1.2-1.0-1.5-1.4+2.2+4.3+3.4+0.2-3.8+2.7———
Up moveDown movePending
AI summary
Utkarsh Small Finance Bank approved sale of NPAs and written-off loans to an ARC in three pools: Pool 1 unsecured MFI loans (1.67 lakh accounts, Rs 507.42 cr principal, reserve Rs 75.35 cr), Pool 2 unsecured MFI (47,168 accounts, Rs 143.12 cr principal, reserve Rs 20.04 cr), Pool 3 secured CV and CE loans (288 accounts, Rs 76.29 cr principal, reserve Rs 49.59 cr). EOI ads released. Bank gets about 50 percent in cash plus security receipts.
Likely market impact
Positive for balance sheet cleanup though recovery is at steep discounts. May free up provisions and improve asset quality metrics.