Utkarsh Small Finance Bank Ltd 2018 AR2
The report highlights Utkarsh Small Finance Bank's performance and operations during its first full year of banking operations in FY 2017-18. The bank successfully transitioned from a microfinance institution to a scheduled small finance bank, expanding its network to 405 locations across 11 states. Despite a net loss of ₹63 crore due to demonetization-related write-offs, the bank achieved an operating profit of ₹75.6 crore and turned profitable in the final quarter. Key achievements include a capital infusion of ₹170 crore, significant growth in deposits to ₹2,193.9 crore, and the launch of new business verticals like wholesale lending.
Company: Utkarsh Small Finance Bank Ltd
Sector: Financials
Country: India
Year: 2018
Type: AR2
Pages: 188
Utkarsh Small Finance Bank Ltd
Annual Report
The report highlights Utkarsh Small Finance Bank's performance and operations during its first full year of banking operations in FY 2017-18. The bank successfully transitioned from a microfinance institution to a scheduled small finance bank, expanding its network to 405 locations across 11 states. Despite a net loss of ₹63 crore due to demonetization-related write-offs, the bank achieved an operating profit of ₹75.6 crore and turned profitable in the final quarter. Key achievements include a capital infusion of ₹170 crore, significant growth in deposits to ₹2,193.9 crore, and the launch of new business verticals like wholesale lending.
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Document Details
Report Year
2018
Reporting Period
Apr 1, 2017 - Mar 31, 2018
Fiscal Year
2018
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Employees