Utkarsh Small Finance Bank Plunges to All-Time Low After Reporting Q3 Loss
2025-02-17
Business Standard
Utkarsh Small Finance Bank's Q3 results, released after market closing on Friday, revealed a consolidated net loss of Rs 168 crore, a significant decline from the profit of Rs 116 crore reported a year ago. The bank's net interest income (NII) for the quarter stood at Rs 480 crore, marginally lower than the Rs 482 crore reported in the same period last year. This downturn has led to a slump in the company's stock price, making it an uncertain time for investors in the small finance banking sector, with many keeping a close eye on financial news and market trends, including banking and finance updates.
