Outcome of Board Meeting held on May 09, 2026
UTKARSHBNK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Utkarsh Small Finance Bank reported a massive net loss of ₹1,150.98 crore for FY2026 (vs profit of ₹23.70 crore in FY2025), driven by extremely high provisions of ₹1,560.96 crore (including ₹1,089.60 crore in loan write-offs and ₹108.96 crore net provision for non-performing advances). Total income declined to ₹3,809.75 crore from ₹4,364.76 crore. The bank completed a ₹949.08 crore rights issue in November 2025 to bolster capital. Gross NPA improved to 7.71% from 9.43%, and Capital Adequacy Ratio stands at 17.71%. The bank also recognized a deferred tax asset of ₹355.82 crore based on future profit projections. Joint statutory auditors MM Nissim & Co LLP and KKC & Associates LLP issued an unmodified opinion. Three senior management appointments (CHRO, Head-Assets, Chief Credit Officer) and two director changes were also approved. The proposed amalgamation of Utkarsh CoreInvest Limited with the bank awaits NCLT approval.
The bank posted its first full-year loss since listing, reflecting aggressive cleanup of legacy NPA through heavy provisioning and write-offs. While capital position remains adequate and NPA ratios improved, the accumulated losses of ₹1,150.98 crore and high debt-to-equity ratio of 1.02 signal elevated credit risk. Investors should monitor asset quality recovery and profitability restoration.