Utkarsh Small Finance Bank Q2 FY27 Disbursements Rise 54.9% To ₹3,525 Crore As Non-JLG Loans Drive Lending Growth
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Utkarsh Small Finance Bank reported a 54.9% year-on-year rise in Q2 FY27 disbursements to ₹3,525 crore. Its gross loan portfolio also increased 7.5% to ₹20,063 crore.
Utkarsh Small Finance Bank reported a 54.9% year-on-year increase in total disbursements to ₹3,525 crore in the second quarter of financial year 2026-27 (Q2 FY27), compared with ₹2,275 crore a year earlier. Disbursements were also 4.6% higher at ₹3,370 crore in Q1 FY27.
The growth was led by lending in its non-Joint Liability Group (JLG) portfolio. The bank has continued to reduce its dependence on the JLG segment.
On 6 October, the Utkarsh Small Finance Bank share price closed at ₹13.52 on the National Stock Exchange (NSE), an increase of 2.27%.
Which Segments Drove Utkarsh Small Finance Bank Disbursements?
Non-JLG disbursements almost doubled year-on-year to ₹2,602 crore in Q2 FY27 from ₹1,340 crore. They also increased 19.4% sequentially from ₹2,180 crore in Q1 FY27.
JLG disbursements stood at ₹923 crore, down 1.3% from ₹935 crore in Q2 FY26 and 22.4% from ₹1,190 crore in the previous quarter.
The shift was also visible in the portfolio mix, with JLG and non-JLG loans accounting for 26:74 in Q2 FY27, compared with 41:59 a year earlier.
How Did The Loan Portfolio Perform?
The gross loan portfolio, including Inter-Bank Participation Certificates (IBPC) issued by the bank, stood at ₹20,063 crore at the end of September 2026. This was 7.5% higher than ₹18,655 crore a year earlier and 2.3% above ₹19,610 crore in Q1 FY27.
The non-JLG loan portfolio rose 35.1% year-on-year to ₹14,917 crore, while the JLG portfolio declined 32.4% to ₹5,146 crore. The secured-to-unsecured portfolio mix stood at 52:48.
How Did Utkarsh Small Finance Bank Deposits Perform?
Total deposits increased 6.6% year-on-year to ₹23,869 crore and 3.3% sequentially. CASA deposits rose 14.3% to ₹5,121 crore, taking the CASA ratio to 21.5%.
Retail term deposits increased 11.8% year-on-year to ₹14,442 crore, while bulk term deposits declined 13.5% to ₹4,307 crore. The CASA plus retail term deposit ratio stood at 82%. The bank's Liquidity Coverage Ratio (LCR) stood at 176% as of 30 September 2026.
The business update is provisional and remains subject to review by the Joint Statutory Auditors and approval by the Audit Committee and Board.
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This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.
When she's not decoding markets, she trades charts for canvases, chasing art, painting, and architecture across cities she's yet to explore.
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