Utkarsh Small Finance Bank posts Rs 34 crore Q1 loss; asset quality stress persists
Utkarsh Small Finance Bank reported a net loss of Rs 34 crore for the June quarter, marking its fifth consecutive quarterly loss, as elevated asset quality stress continued to weigh on its performance. While the loss narrowed significantly on lower provisions, the lender's gross non-performing asset
The Bharath News1 min readSource: ET Markets
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Utkarsh Small Finance Bank reported a net loss of Rs 34 crore for the June quarter, marking its fifth consecutive quarterly loss, as elevated asset quality stress continued to weigh on its performance. While the loss narrowed significantly on lower provisions, the lender's gross non-performing assets remained high at 6.1%.
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