Slides
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Q1 FY27 Performance Snapshot 2 All Amounts in ₹ Crores Balance Sheet Size : ₹28,418 Borrowings : ₹1,845 Book Value per Share : ₹15.4 GNPA** : 5.9% vs. 7 .6% (Mar-26) vs. 11.4% (Jun-25) NNPA** : 2.8% vs. 3.2% (Mar-26) vs. 5.0% (Jun-25) PC¼ : 54.6% CASA% : 22% vs. 20% (Jun-25) CASA+¼TD% : 83% vs. 7 4% (Jun-25) CD ¼atio : 83.8%* vs 83.4% (Jun-25) *CD ¼atio at 78% excl. advances against which refinance is raised ; Portfolio Yield QoQ Growth YoY Growth Amount Portfolio (Q4’26) (Q1’26) (Q1’27) 15. 1% 15.6% 15. 7% 1.4% 2.0% 19,610 Gross Loan Portfolio Secured : Unsecured Mix (1.3)% (19.4)% 7,322 Micro-Banking Portfolio (Q4’26) (Q1’26) (Q1’27) 3.2% 21. 1% 12,288 Non Micro-Banking Portfolio 51% 45% 51% 2.2% 17.4% 10,073 Secured Portfolio 49% 55% 49% 0.7% (10.4)% 9,536 Unsecured Portfolio Cost of Deposits QoQ Growth YoY Growth Amount Deposits (Q4’26) (Q1’26) (Q1’27) 7 .9% 8.0% 7 .6% 1.8% 2.6% 22,054 Total Deposits 4.5% 5.2% 4.5% (6.3)% 15. 1% 4,867 CASA Deposits 8.8% 8.7% 8.6% 5.3% 14.7% 13,393 ¼etail Term Deposits 1.5% (32.1)% 3,794 Institutional Term Deposits Q4 FY26 Performance Q1 FY27 Performance Disbursements QoQ Growth YoY Growth QoQ Growth YoY Growth Q1 FY27 46. 1% 30. 1% (19.9)% 48.5% 3,370 Total Disbursements 50.3% 34.3% (25.3)% 29.3% 1,604 MB Disbursements 41.9% 25.9% (14.2)% 71. 7% 1, 766 Non-MB Disbursements Banking Outlets : 1, 110 vs. 1,099 (Jun-25) Presence : 27 States & UTs Head Count : 18, 136 vs. 19,871 (Jun-25) Net worth (Capital + ¼eserves): ₹2, 7 45 C¼A¼ : 17 .4% Tier 1 : 15. 1% Tier 2 : 2.3% Q3 FY26 Q4 FY26 Q1 FY27 Profitability (44) 12 64 PPoP (375) (188) (34) PAT **Advances for the purpose of GNPA/NNPA calculation includes IBPC
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Asset Quality Stabilisation – Micro-Banking Q1'FY26 Q2'FY26 Q3'FY26 Q4'FY26 Q1'FY2782% 80% 82% 87% 91% Collection EȂciency (excl. Pre-Payments) 3 Jun-26 Mar-26 Dec-25 Sep-25 Jun-25 0.5% 0.4% 0.9% 1.8% 1.9% SMA 0 % 0.3% 0.4% 0.9% 1.3% 1.5% SMA 1 % 0.4% 0.5% 1.4% 1. 7% 1. 7% SMA 2 % 1.2% 1.3% 3.2% 4.9% 5. 1% Total SMA % 10. 1% 13.5% 20.5% 23.0% 20.8% NPA % 60.5% 66.2% 68.6% 67.5% 61.9% PC¼ % 98.65% 98.62% 99.08% 99.69% 99.63% Strong collections infrastructure in place to ensure faster recoveries and lower slippages Collection force expanded Collection staȁ allocated bucket-wise Post-guardrail book demonstrating superior performance The collection force will be retained for legacy NPA book & write oȁ collections Legacy Stress ¼ecognition & Containment – Improved Collections and SMA trend reversals SMA levels dropped significantly SMA levels dropped significantly X-Bucket All Amounts in ₹ Crores
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Asset Quality Stabilisation – Bank Level 4 All Amounts in ₹ Crores Provisions Break-up Jun-26 Mar-26 Dec-25 Sep-25 Jun-25 Particulars 635 866 1,235 1,428 1,299 NPA Provision 1 1 1 1 1 Provision for standard restructured 65 64 58 69 72 Standard Provision 701 931 1,294 1,498 1,372 Total Provisions Jun'25 Sep'25 Dec'25 Mar'26 Jun'264.1% 4.4% 4.1% 3.5% 3.6% SMA 1 & 2 % Q1 FY27 Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 NPA Movement* 1,460 1,986 2,276 2, 196 1,854 Opening GNPA 195 268 426 464 452 Additions during the period ¼eductions during the period 69 97 64 49 55 Up-gradations & ¼ecoveries 57 72 652 311 54 Write-oȁs 365 624 - 24 - A¼C Sale 1, 163 1,460 1,986 2,276 2, 196 Closing GNPA Jun-26 Mar-26 Jun-25 5.9% 7 .6% 11.4% Gross NPA %** 2.8% 3.2% 5.0% Net NPA %** Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 2, 196 2,276 1,986 1,460 1, 163 897 848 751 594 529 Gross NPAs Net NPAs *NPA Movement based on quarter-end NPAs Q1 FY27 Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 109 244 446 462 411 Credit Cost 2.3% 5.3% 9.6% 9.7% 8.5% 54.6% 59.3% 62.2% 62.7% 59.2% PC¼ % **Advances for the purpose of GNPA/NNPA calculation includes IBPC
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Focus on robust risk management and eȁective operations – Multiple incremental checks to validate borrower intent, repayment capacity, and creditworthiness Leadership and Governance strengthening the Bank’s core competencies Sustainable Franchise 5 Strategic Geographic Expansion: Sustaining JLG dominance in UP & Bihar on the back of first-mover advantage and brand recall, alongside retail lending expansion in new geographies for diversification ¼obust Momentum in ¼etail Deposit Growth – Emphasis on building a granular retail deposit franchise Operational EȂciency to Kick-in – Investments already made in infrastructure, manpower and technology Poised to drive improved margins via optimal utilization One of the Largest Banking Network Amongst SFBs – >1,100 banking outlets well-entrenched across the country; ~25% GB branches in growth phase significant growth potential without further infrastructure investment Diversified Asset Mix within the SFBs – Swiftly de-risking the business with Secured loans now constituting 51% of the portfolio
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Continue diversifying asset portfolio Grow retail deposits mix across geographies and customer segments to build stable funding source Increase share of fee income and capitalize on cross-selling opportunities Increasing use of technology and digital oȁerings for last mile delivery to customers Consistently increase share of secured loans in portfolio mix Leverage wide base of existing customers in the unserved and underserved segments – Extend product oȁerings from JLG loans to individual loans, aȁordable housing and other new products Focus on – Low risk, high yielding products Oȁering working capital and term loans to MSMEs, small and medium sized corporates, institutional customers Cross-sell to existing clients on-boarded through existing network in urban and metro locations Portfolio de-risking via gradual reduction in UP & Bihar exposure alongside retail expansion in newer markets Enter newer geographies including top 100 cities in terms of overall deposits, to grow the bank deposit base Strengthen liability franchise by continuing focus on CASA and retail deposit base Enhance digital oȁering at various touch points of customer life cycle Generate fee income from own products and cross-selling third-party products Engaged with various partners in oȁering third-party products and intend to continue to develop newer partnerships Provide various payment solutions and other relevant services to increase the fee income Continue to invest in technology as a means of improving customer experience Increase focus on applying the data gathered over the years by creating customized analytical decision models to enhance underwriting and collection procedures Building Growth Strategies 6 25-30% Portfolio Growth 25-30% Portfolio Growth ~15% ¼eturn on Equity ~15% ¼eturn on Equity ~8% Net Interest Margin ~8% Net Interest Margin ~55% Secured Loans ~55% Secured Loans Utkarsh in FY28
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Journey and Franchise Portfolio Build Up Deposits Build Up Financial Performance Technology, ESG & CS¼ 7
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Journey and Franchise Significant presence in rural & semi urban locations and under penetrated States of the Country Committed journey of ~16 years from Microfinance to Small Finance Bank to Listed Company Diȁerentiated branch network to ensure relevant product oȁerings for customers & ensuring cost eȂciency of operations 8
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Utkarsh Journey FY10 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 9 FY24 UCL received ¼BI In-Principle Approval to establish an SFB on October 7, 2015 Utkarsh CoreInvest Limited (UCL) commenced operations as NBFC in Sep-09 Bank commenced SFB operations from January 23, 2017 Bank received 'Scheduled Commercial Bank' status in Oct-Nov-17 Conversion of microfinance branches to Banking Outlet Bank’s Capital + ¼eserves crossed ₹1,000 crore Launched digital on-boarding ¼aised equity capital of ₹240 crore in Mar-21 Bank’s loan portfolio and deposits, both, crossed milestone of ₹10,000 crore Bank’s Capital + ¼eserves crossed ₹2,000 crore In Jul-23 Bank launched IPO to raise equity capital of ₹500 crore; IPO oversubscribed >100 X; Higher ever annual PAT of ₹498 crore in FY24 FY25 >1,000 Banking Outlets FY26 Bank successfully raised equity capital through ¼ights Issue for an amount aggregating to ₹950 crore in Nov-25
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ATM-cum -debit cards1 Mobile Banking1 Internet banking1 Savings Account Current Account Term and ¼ecurring Deposit Accounts 15.7% Yield on advances Q1, FY27 Focus on Financial inclusion, oȁer a range of financial products and services that address the specific requirements of customer segments Other Products & Services Liability Products Asset products Portfolio split % (Jun’26) 5.32 million Total Customers Jun-26 Insurance Products Mutual Funds 1 1 Other Distribution channels Locker Facilities Integrated Bill Payment system Distribution & facilitation of accounts under certain Govt. Schemes UPI Payment Solutions Joint Liability Group Loans 37% CV/CE Loans MSME Loans (¼etail Assets) Other ¼etail Loans 46% Wholesale Lending (FI & BBG, T¼eDS) 17% Housing Loans Micro-Banking Business Loans ODFD Business Overview Other ¼etail Loans & BC Channel 7.7% Cost of Funds Q1, FY27 10 26% 12% Gold Loan
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Jun'25 Sep'25 Dec'25 Mar'26 Jun'261,099 1,104 1,105 1,110 1,110 11 Extensive physical network of Banking Outlets (Jun’26) Banking Outlets Map not to scale *Includes 9 Combo Branches Potential for ¼etail Assets within existing Branches (Jun’26) Potential for ¼etail Assets within existing Branches (Jun’26) Diversified distribution network Subset of GB Branches Wheels Locations HL Locations MSME Locations GB Outlets* MB Outlets Total Banking Outlets STATES 4 3 9 20 264 284 Bihar 25 17 18 51 177 228 Uttar Pradesh - 2 2 7 95 102 Odisha 3 1 3 11 90 101 Jharkhand - 12 19 43 42 85 Maharashtra 1 1 3 31 4 35 NCT Of Delhi 13 26 33 168 107 275 Other States 46 62 87 331 779 1, 110 TOTAL >50 Outlets <50 Outlets No Outlets 228 284 27 35 101 53 85 4 17 24 20 102 29 10 2 5 Delhi: 35 Chandigarh: 3 Puducherry: 1 11 10 15 4 1 1 Sikkim: 1 Goa: 2 27 States & UT 1, 110 Banking Outlets 373 ATMs and 789 Micro ATMs 298 U¼Cs
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Portfolio Build-up Non-JLG Loan portfolio grew by 32. 7% YoY ¼ural & semi urban franchise, deep rooted understanding of our core geographies, proven track record - key strength of our micro-banking lending Increasing share of secured lending with build-up of MSME, Housing, Gold loan 12 •Slowdown witnessed in JLG segment due to market disruptions •Continued focus on high yield, low risk products & improving productivity
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JLG 88% MBBL 0% ¼etail Loans (MSME) 4% Wholesale Lending 5% Housing Loans 1% Others* 2% Loan Portfolio Build-up 13 Mar'20 Mar'21 Mar'22 Mar'23 Mar'24 Mar'25 Mar'26 Jun'26 5,844 6,854 7,870 8,880 10,634 8,761 5,386 5,063 13 46 132 336 678 918 2,034 2,259 495 1,013 1,702 3,195 5,104 7,747 8,931 8,987 310 503 926 1,547 1,882 2,240 2,981 3,301 JLG*MBBL Other Retail Loans**WSL (incl. TReDS) JLG 26% MBBL 12% ¼etail Loans (MSME) 23% Wholesale Lending 17% CE & CV 5% Housing Loans 5% Others* 13% Loan Book (Mar-20) Loan Book (Mar-20) Loan Book (Jun-26) Loan Book (Jun-26) *Excluding BC JLG portfolio; including BC JLG, JLG loan book is ₹5,480 crore (28% of total portfolio) as of Jun-26; **Includes MSME, Housing, CE & CV, BC channel, Personal Loans, Gold, OD Against FD and others CAG¼% (FY20-Q1 FY27) Product 129% Micro-Banking Business Loans (MBBL) 59% Other ¼etail Loans** *Others includes OD Against FD, Personal Loans, Gold, BC channel, etc. Secured Loans share increased to 51% 18,299 13,957 10,631 8,416 6,661 All Amounts in ₹ Crores 19,666 19,332 19,610
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Portfolio Mix 14 Mar'20 Mar'21 Mar'22 Mar'23 Mar'24 Mar'25 Mar'26 Jun'2690% 84% 76% 65% 61% 47% 30% 28% 10% 16% 24% 35% 39% 53% 70% 72% JLG (incl. BC JLG) Non-JLG Mar'20 Mar'21 Mar'22 Mar'23 Mar'24 Mar'25 Mar'26 Jun'268% 14% 22% 31% 34% 43% 51% 51% 92% 86% 78% 69% 66% 57% 49% 49% Secured Unsecured
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15 Micro-Banking Lending
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Jun'25 Sep'25 Dec'25 Mar'26 Jun'26 8,163 7,218 6,046 5,386 5,063 916 1,052 1,451 2,034 2,259 Joint Liability Group LoansMicro-Banking Business Loans*69% 69% Micro-Banking Lending 16 All Amounts in ₹ Crores Portfolio Outstanding Portfolio Outstanding o¼ural and semi-urban presence – 88% MB branches in rural and semi urban locations oLoan book declined in Q1’FY27 as Bank slowed down on disbursements, focus shifted towards collections oOpened saving accounts for ~65% of micro-banking customers, build customer connect stronger MET¼OPOLITAN 2% ¼U¼AL 41% SEMI U¼BAN 47% U¼BAN 10% Demographic Break up of MB Outlets Demographic Break up of MB Outlets 88% Branches in ¼ural & Semi-urban areas 9,079 7,322 7,420 7,497 8,271 31% 31% *includes PM SVANidhi, PM Vishwakarma & CM YUVA loan portfolio of ₹13 crore MBBL JLG Q1’FY27 ~ 3 lakh >14 Lakh Customer Base ₹2,246 Crore ₹5,063 Crore Portfolio ~₹95k ~₹60k Average Ticket Size (Disbursements) ~₹75k ~₹35k Average Ticket Size (Portfolio) MBBL penetration level ~17%, significant potential to grow
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Q1,FY26 Q2,FY26 Q3,FY26 Q4,FY26 Q1,FY27 1,088 872 835 1,310 1,094 Joint Liability Group (JLG) Lending 17 All Amounts in ₹ Crores oSlowed down on JLG disbursements considering weakness in collection eȂciency and asset quality / borrower level over-leveraging concerns oLarge franchise with customer base of >14 lakhs oDigital collections through customized UPI Q¼ code / BBPS Disbursements Disbursements Bihar 45% Uttar Pradesh 27% Jharkhand 9% Odisha 5% Maharashtra 5% Madhya Pradesh 4% Other States 6% Geographical Split of JLG Portfolio Geographical Split of JLG Portfolio Presence across 13 States / UTs 7,218 6,046 5,386 5,063 8,163 Portfolio
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Bihar, 50% Uttar Pradesh 29% Jharkhand, 7% Madhya Pradesh, 4% Odisha, 4% Maharashtra, 3% Other States, 4% 2,246 Micro-Banking Business Loans 18 All Amounts in ₹ Crores oMicro-Banking Business Loan (MBBL) scaling up on track with YoY loan book growth 147% oSignificant potential to grow considering large JLG client base of the Bank oCollection largely digital - through direct account debit Q1,FY26 Q2,FY26 Q3,FY26 Q4,FY26 Q1,FY27 153 305 592 831 508 Geographical Split of Portfolio Geographical Split of Portfolio Disbursements Disbursements 1,046 910 909 909 Portfolio Presence across 13 States / UTs 1,444 2,022 233% YoY Growth
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19 Other ¼etail Lending MSME (¼etail Assets) Housing Loans CE & CV Loans
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4,001 4,164 4,275 4,456 4,482 Jun'25 Sep'25 Dec'25 Mar'26 Jun'26 MSME (¼etail Assets) Lending 20 327 381 395 479 343 13.7% 13.4% 13.1% 12.7% 12.8% 0.0%5.0%10.0%Q1,FY26 Q2,FY26 Q3,FY26 Q4,FY26 Q1,FY27 - 100 200 300 400 500 600 DisbursementsAverage Disbursement Yield All Amounts in ₹ Crores oSignificant presence in our core geography oOȁering MSME product (small business segment) through 87 branches, significant headroom to expand within existing branches oLargely secured lending (>95%) o>15,000 customers – Average ticket size of loan book ₹25-35 lakh Portfolio Outstanding Portfolio Outstanding Secured Business Loans (LAP) Unsecured Business Loan Micro LAP / Overdraft
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929 947 965 990 1,005 Jun'25 Sep'25 Dec'25 Mar'26 Jun'26 Housing Loans 21 63 73 78 75 87 11.1% 11.3% 11.1% 10.9% 10.8% 0.0%5.0%10.0%Q1,FY26 Q2,FY26 Q3,FY26 Q4,FY26 Q1,FY27 - 20 40 60 80 100 DisbursementsAverage Disbursement Yield All Amounts in ₹ Crores oSignificant presence in our core geography oCurrently oȁering HL product from 62 locations, significant headroom to expand within existing branches oHousing loans up to ₹35 lakh account for >55% of housing loan portfolio o>4,000 customers – Average ticket size of loan book ₹20-25 lakh Portfolio Outstanding Portfolio Outstanding ¼etail Housing Loans Aȁordable Housing
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1, 179 1, 144 1, 102 1,090 990 Jun'25 Sep'25 Dec'25 Mar'26 Jun'26 CE & CV Loans 22 76 60 57 97 70 12.8% 13.0% 12.8% 11.9% 12.2% 0.0%2.0%4.0%6.0%8.0%10.0%12.0%Q1,FY26 Q2,FY26 Q3,FY26 Q4,FY26 Q1,FY27 - 10 20 30 40 50 60 70 80 90 100 110 120 DisbursementsAverage Disbursement Yield All Amounts in ₹ Crores Portfolio Outstanding Portfolio Outstanding oLending primarily to small fleet operator segment oCurrently oȁering CE & CV product through 46 branches, significant headroom to expand within existing branches oCurrently operating primarily in our core geographies o>4,400 customers - Average ticket size of loan book ₹20-30 lakh CV (New) •72% of total portfolio CE (New) •15% of total portfolio CV & CE (Used) •14% of total portfolio
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UTTA¼ P¼ADESH 20% MAHA¼ASHT¼A 19% NCT OF DELHI 14% BIHA¼ 9% TELANGANA 8% HA¼YANA 7% JHA¼KHAND 3% ¼AJASTHAN 3% WEST BENGAL 3% Other States 14% Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 736 742 855 1,136 951 Geographical Split of Other ¼etail Lending 23 All Amounts in ₹ Crores Disbursements Disbursements Presence across 27 States / UTs 8,194 8,393 8,931 8,987 7,957 Portfolio - Other ¼etail Lending excl. Micro-Banking & Wholesale Lending and Incl. MSME, Housing, CE & CV, BC channel, Personal Loans, Gold, OD Against FD and others Geographical Split of Other ¼etail Lending Portfolio Geographical Split of Other ¼etail Lending Portfolio 29% YoY Growth
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Wholesale Lending 24 All Amounts in ₹ Crores oSmall to medium size corporates (SME segment) o>290 customers; Average ticket size – ~₹4 crore oPrimarily operating account through OD / DLOD product oEntire book secured against collateral of immovable properties with cover of >100% ¼ating Wise WSL FI Portfolio Break up ¼ating Wise WSL FI Portfolio Break up Below BBB Category 0% BBB Category 25% A Category 59% AA Category 16% BBG Lending BBG Lending WSL FI Lending WSL FI Lending o~75% of book credit rated “A” category or higher by external credit rating agencies o>75 customers; Average ticket size of outstanding loan ₹15-20 crore Portfolio Break up (Mar-20) Portfolio Break up (Mar-20) WSL FI Lending 59% Business Banking Group 41% WSL FI Lending 100% Business Banking Group 0% Portfolio Break up (Jun-26) Portfolio Break up (Jun-26) Disbursement Yield – 10.4% (Q1 FY27) Started Business Banking in FY21 Mar-26 Jun-25 Jun-26 WSL ₹2,676 ₹2, 188 ₹2,921 Portfolio O/s 14% 11% 15% Share in Gross Loan Portfolio *Excl. T¼eDS
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CASA Deposits grew by 15. 1% YoY; ¼etail Term Deposits grew by 14. 7% YoY Expanded General Banking Franchise significantly Focus on building retail franchise Targeting top-100 deposits centres of the country Deposits Build-up 25
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21,489 21,447 21,087 21,654 22,054 83% 79% 79% 83% 84% 0%10%20%30%40%50%60%70%80%90%Jun'25 Sep'25 Dec'25 Mar'26 Jun'26 15,000 20,000 25,000 Total DepositsCD Ratio Jun'25 Sep'25 Dec'25 Mar'26 Jun'262% 2% 2% 4% 3% 18% 19% 20% 20% 19% 54% 57% 60% 59% 61% 26% 22% 18% 17% 17% Institutional Term Deposits Retail Term DepositsSavings Deposits Current Deposits Deposits Trend & Composition 26 Deposits Trend Deposits Trend Demographic Profile of Deposits* (Jun-26) Demographic Profile of Deposits* (Jun-26) MET¼OPOLITAN 54% ¼U¼AL 2% SEMI U¼BAN 5% U¼BAN 40% All Amounts in ₹ Crores Deposits (3% YoY Growth) *Excluding Digital FDs sourced through Fintech & Bank Website **CD ¼atio excl. advances against which refinance is raised Deposits Composition Deposits Composition 20% 7 4% 21% 78% 22% 83% 24% 83% 22% 82% CASA CASA + ¼TD ¼TD grew by 15% YoY to ₹13,393 crore vs. ₹11,675 crore (₹12, 720 crore - Mar-26) GB Branches Branch Vintage - <1 year 51 1-2 year 24 2-3 year 256 >3 year 331 Total ~ 23% of the branches are <3-year vintage CD ratio (excl. refinance) at 78%**
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Deposits Trend & Composition (Contd.) Deposits 92% ¼efinance 6% Other Borrowings 2% Funding Mix (Mar-20) Funding Mix (Mar-20) Q1 FY27 Cost % 8.6% Term Deposits 4.5% CASA Deposits 66% ¼efinance 29% Other Borrowings 5% Funding Mix (Jun-26) Funding Mix (Jun-26) Increasing reliance on Deposits All Amounts in ₹ Crores 27 Geographically well diversified Deposits* mix Geographically well diversified Deposits* mix PunjabWest BengalHaryanaNCT of DelhiMaharashtraUttar Pradesh5. 7% 6.0% 7 .5% 11.8% 13.4% 17 . 1% *Excluding Digital FDs sourced through Fintech & Bank Website <3 Years 93% 3 Years and above 7% <3 Years 67% 3 Years and above 33% ¼etail Term Deposits Tenure wise Break up ¼etail Term Deposits Tenure wise Break up Mar-23 Mar-23 Jun-26 Jun-26 **Credit ¼ating revised on Jul 2nd and 14th, 2026 Long Term Credit ¼ating** A- (Stable) [IC¼A] A- Stable CA¼E ¼ating for Short Term Certificate of Deposit Programme** [IC¼A] A1
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Financial Performance Secured assets growth and deposits build-up in line with expectations ¼esults impacted due to market disruptions in MFI segment 28
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Profit & Loss: For the quarter ended June 30th, 2026 29 All Amounts in ₹ Crores Q-o-Q Q4’FY26 Y-o-Y Q1’FY26 Q1’FY27 Particulars Audited Limited ¼eview INCOME 6% 837 0% 881 884 Total Interest Earned 0% 461 (4)% 479 461 Less : Interest Expense 12% 376 5% 402 422 Net Interest Income 3% 115 (14)% 138 119 Add : Other Income (Processing Fee on loans+ Transaction and other fee income + PSLC income + Write oȁ Collections) 10% 491 0% 540 541 Operating Income EXPENDITU¼E 0% 479 7% 448 477 Operating Expenses 1% 237 5% 228 241 Personnel Cost (2)% 242 8% 220 237 Other Operating Expenses 416% 12 (31)% 92 64 Operating Profit (55)% 244 (73)% 411 109 Total provisions (80)% (232) (86)% (319) (45) PBT (7 4)% (44) (86)% (79) (11) Tax (82)% (188) (86)% (239) (34) PAT
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Profitability Trend – QoQ 30 All Amounts in ₹ Crores 311 276 185 234 92 (3) (44) 12 64 137 51 (168) 3 (239) (348) (375) (188) (34) Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 PPoP PAT ProfitZone
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Balance Sheet: As on June 30th, 2026 31 All Amounts in ₹ Crores Q-o-Q March 31st, 2026 Y-o-Y June 30th, 2025 June 30th, 2026 Particulars Audited Limited ¼eview CAPITAL & LIABILITIES (1)% 2,776 0% 2,739 2,7 45 Capital and ¼eserves 2% 21,654 3% 21,489 22,054 Deposits (35)% 2,829 (16)% 2,210 1,845 Borrowings 10% 1,610 31% 1,356 1, 77 4 Other Liabilities and Provisions (2)% 28,869 2% 27 , 794 28,418 Total ASSETS (21)% 1,692 (39)% 2,194 1,342 Cash and balances with ¼BI 17% 629 (47)% 1,381 733 Balances with banks and money at call and short notice (8)% 6,914 24% 5,144 6,361 Investments 2% 18,070 3% 17,925 18,478 Advances (Net of provisions) (1)% 458 8% 418 453 Fixed Assets (5)% 1, 106 44% 732 1,051 Other Assets (2)% 28,869 2% 27 , 794 28,418 Total
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Q1' FY26 Q2' FY26 Q3' FY26 Q4' FY26 Q1' FY27 92 (3) (44) 12 64 (239) (348) (375) (188) (34) Operating Profit (PPoP) PAT FY25 FY26 1,007 56 24 (1,151) Operating Profit (PPoP) PAT 32 Profitability Metrics Note - ¼atios basis monthly average balances Operating Profit & PAT – Quarterly Trend (₹ in crores) Annual Operating Profit & PAT (₹ in crores) 15.6% 15.0% 14. 7% 15. 1% 15. 7% 8. 1% 8.3% 8. 1% 7 .9% 7 . 7% 5.9% 5. 1% 5. 1% 5.5% 6. 1% Q1 ' F Y 2 6 Q2 ' F Y 2 6 Q3 ' FY 2 6 Q4 ' F Y 26 Q1 ' F Y 2 7 Yield on AdvancesCost of FundsNet Interest Margin (3.4)% (5.0)% (5.4)% (2.7)% (0.5)% (33.8)% (54.1)% (55.9)% (26.8)% (5.0)% Q1'FY26 Q2'FY26 Q3'FY26 Q4'FY26 Q1'FY27 Return on Average Assets Return on Average Capital + Reserves
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Credit Cost8.5% 9. 7% 9.6% 5.3% 2.3% Q1'FY26 Q2'FY26 Q3'FY26 Q4'FY26 Q1'FY27 33 Profitability Metrics (Contd.) 83.0% 100.7% 110.3% 97.5% 88.2% 15.6% 11.6% 9.8% 13.8% 13.4% Q1'FY26 Q2'FY26 Q3'FY26 Q4'FY26 Q1'FY27 Cost to Income RatioNon-Interest income/Interest income9.3% 9.4% 10.1% 10.3% 9.9% 6.4% 6.5% 6.8% 6.9% 6.7% Q 1 ' F Y 2 6 Q 2 ' F Y 2 6 Q 3 'F Y2 6 Q 4 ' F Y2 6 Q 1 ' F Y 2 7 OPEX on AdvancesOPEX on Total AssetsNote - ¼atios basis monthly average balances Operating Profit as % of Avg. Total Assets 1.3% (0.05)% (0.6)% 0.2% 0.9% Q1'FY26 Q2'FY26 Q3'FY26 Q4'FY26 Q1'FY27
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Break-up of Other Income 34 Q1'FY26 Q2'FY26 Q3'FY26 Q4'FY26 Q1'FY27 23 22 28 46 35 46 25 12 4 35 13 13 12 28 9 19 25 25 37 33 37 12 4 0 6 Loan Processing FeePSLC Income Recovery from written off accounts General Banking & Other IncomeGain on Sale of Securities / Sale of NPA to ARC ₹ 138 crore ₹ 81 crore ₹115 crore All Amounts in ₹ Crores ₹ 97 crore ₹119 crore
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C¼A¼ & Tier 1 35 Mar-26 Jun-25 Jun-26 Particulars 15,006 14,757 14,373 ¼isk Weighted Assets 2,657 2,898 2,506 Total Capital 2,247 2,466 2, 17 4 Tier-I Capital 410 431 332 Tier-II Capital 17.71% 19.64% 17 .44% C¼A¼ 14.98% 16.71% 15. 13% Tier-I C¼A¼ 2.73% 2.92% 2.31% Tier-II C¼A¼ All Amounts in ₹ Crores
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Promoter, 42. 7% Mutual Funds, 0.0% Insurance Companies, 7 . 1% AIFs, 2.4% FPI, 11.9% Individuals & Others, 27 .4% Foreign Companies, N¼Is, 3. 7% Bodies Corporates, 4. 7% Shareholding Pattern 36 Bank Shareholders as on June 30th, 2026 Bank Shareholders as on June 30th, 2026 Top 10 Shareholders as on June 30th, 2026 Utkarsh CoreInvest Limited Cohesion MK Best Ideas Sub-Trust India Capital Fund Limited ICICI Prudential Life Insurance Company Limited FLC Investco, LLC Kotak Mahindra Life Insurance Company Limited Olympus ACF PTE Limited. Singularity Large Value Fund III Massachusetts Institute of Technology Zodiac Wealth Advisors LLP Book Value Per Share Book Value Per Share Mar'22 Mar'23 Mar'24 Mar'25 Mar'26 Jun'2617.6 22.3 27.0 27.0 15.6 15.4
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Diversified & Experienced Board 37 Ajay Kumar Kapur Independent Director Gauri ¼ushabh Shah Independent Director Govind Singh Managing Director & Chief Executive OȂcer Kalpana Prakash Pandey Independent Director •Previous associations include SIDBI as DMD, SIDBI Venture Capital Limited as CEO, MUD¼A, ¼eceivables Exchange of India Limited, CGTMSE, amongst others •Qualified CA •Previously worked with Deloitte, C.C. Chokshi Advisors Pvt. Ltd. •Served on the Board of Fedfina Financial Services Ltd. (NBFC & subsidiary of Federal Bank) •Certified associate of the Indian Institute of Bankers •Previously associated with Utkarsh CoreInvest as MD & CEO, ICICI Bank as assistant general manager, Surya Fincap Limited, UTI Bank Limited, Allahabad Bank, State Bank of Patiala and Bank Internasional Indonesia •Previously worked as the MD & CEO of C¼IF High Mark Credit Information Company •Was also associated with State Bank of India, IDBI Principal AMC and HDFC Bank Limited Dr. ¼am Jass Yadav Non-Executive & Non-Independent Director •Certified Associate of the Indian Institute of Bankers •Previously worked with Bank of Baroda as Chief General Manager •Was appointed by the Government of India as Executive Director of Punjab & Sind Bank •Currently serves as Professor of Practice at IGU, ¼ewari (Haryana) Anjani Kumar Srivastava Non-Executive & Non-Independent Director •CGM of SIDBI, looking after Premises Vertical of SIDBI •Extensive exposure in Credit & ¼eceivable Financing to MSMEs, Infrastructure Financing, Stressed Asset & NPA Mgmt. & H¼; headed SIDBI’s Pune ¼egional OȂce •Previously worked as CFO at MUD¼A, a subsidiary of SIDBI Dr. Kshatrapati Shivaji Part Time Chairman & Independent Director •IAS (¼etd.); experienced in Banking, Economics, Finance, and Law •Previously associated with Maharashtra ¼eal Estate Appellate Tribunal as member in rank & status of Chief Secretary of Govt. of MH, Ministry of Finance GOI, Principal Secretary of Finance Dept of Govt. of MH, CEO of MIDC, MPEDA New York OȂce •Served as CMD of SIDBI, MD of Kerala Fin. Corp, CMD of Maharashtra Fin. Corp., MD of Kerala State Co. Bank, etc. Parveen Kumar Gupta Independent Director •Certified Associate of the Indian Institute of Bankers •Previous associations with SBI as Managing Director & BoB as senior advisor •Other key associations - Non-Executive Chairman - Future Generali Insurance, Public Interest Director & Chairman – NSDL Sarjukumar Pravin Simaria Executive Director (w.e.f. June 22, 2026) •Experienced in the field of financial management, overseen businesses in Broking Wealth Mgmt., Asset ¼econstruction, Investment Banking •Worked at Edelweiss, Fino Payments Bank, AIG and HDFC AMC
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38 Leadership Complementing Bank’s Strengths Senior Management Team Senior Management Team Govind Singh - Managing Director & Chief Executive OȂcer •Over 25 years of experience in the banking and financial services sector and in particular the microfinance industry •Previously associated with Utkarsh CoreInvest (Bank’s Promoter) as MD & CEO and ICICI Bank Limited, UTI Bank Limited and State Bank of Patiala Sarjukumar Pravin Simaria - Executive Director •Experienced in the field of financial management, overseen businesses in Broking, Wealth Management, Asset ¼econstruction, Investment Banking •Worked at Edelweiss, Fino Payments Bank, AIG and HDFC AMC Amit Acharya Chief ¼isk OȂcer •Experienced in Credit Underwriting & ¼isk Management •Worked with ICICI Bank, Kotak Bank, Axis Bank Virender Sharma Head – Micro Banking •Experience across ¼ural Banking, Inst. Finance, & ¼etail Financial Services •Previously worked with AU SFB, ¼BL Finserve, ICICI Bank ¼ahul Dey Head – Operations & Administration •Experience in banking and MFI sector •Worked with Ujjivan Financial Service and Spandana Spoorthy Abhay Kataria Head - Assets •Experience across Secured & Unsecured lending, Prime & Aȁordable segment •Worked at Ujjivan SFB, Bandhan Bank, Godrej Finance, HDFC, ICICI Bank Suchita Chatterjee Head - Internal Audit •Experience in Audit function with banks and micro financial institutions •Worked with Ujjivan, IndusInd Bank and Bharat Financials Abhijeet Bhattacharjee Chief Information OȂcer •Experienced in the field of information technology •Worked with ¼BL as its head of digital channels, & UTI Bank, ABN AM¼O, ¼BS Dhara Vyas Chief Human ¼esource OȂcer •Experience in people strategy, org. transformation, cultural evolution •Worked at Suryoday SFB, Kotak Mahindra, HDFC Bank, Pahal Financial Services Sourabh Ghosh Head – Consumer Banking •Experienced in Banking, Sales, Strategy, Financial Services, P&L & product mgmt. •Previously worked with AU SFB, Kotak Mahindra Bank, ICICI Bank, IDBI Bank ¼itesh Kumar Chief Compliance OȂcer •Experienced in Branch Banking, Credit, Treasury, Trade Finance functions •Worked with IDBI Bank, Doha Bank QPSC, DCB Bank Anindya Mitra Chief Credit OȂcer •Experienced in the field of Banking & Financial Services industry •Worked at HDFC Bank, Axis Bank, ICICI Bank, Bandhan Bank G.H. Vijay ¼aghava Head - Treasury •Experienced in the field of Banking & Treasury •Worked at Suryoday SFB, ICICI Bank, Bank of India Muthiah Ganapathy Company Secretary & Compliance OȂcer •¼esponsible for managing the secretarial aȁairs •Worked at Aditya Birla Housing Finance
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Tech, ESG & CS¼ Technology Setup to support Physical Infrastructure and Digital ¼equirement Integrating ESG Sensitivities into our operations & decision-making Contributing to the well-being of the society 39
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360-DegreeTransformation → Bank Future Growth ¼eady Driving Sustainable Business Growth in the Modern World Driving Sustainable Business Growth in the Modern World 40 Automation / EȂciency Substantial improvement via automation BOT & Agentic AI Process re-engineering & Collection workflow Geo Tagging facility for workforce movement and tracking Digitization 100% automation achieved for liability and micro-banking systems -significantly reducing TAT for digital FDs. Continuous Digitization of servicing and collections – including Microfinance repayments Innovation ML based Smart Scrubbing & multi-language Voice-based Workflows Generative AI use for internal processes Low Code/No Code for agile roll out Experience WhatsApp (7+ Services), New Look Internet, Mobile Banking & Website Deep physical Network in ¼ural and Semi-urban Cashless and paperless financial inclusion Driving Sustainable Business Growth Transformation ¼e-architecting and revamping the old technology stack New Core Banking (Finacle) Implementation in progress AML/ALM/Treasury Implementation completed Data Management Early Warning System - Fraud & ¼isk Management New Data-lake implementation in progress NPA Management Scalability Cloud Adoption – Application & Infrastructure modernization Microservices Enablement Datacenter Modernization Security Enhanced Threat Detection & endpoint detection and response Security Operations Control Secure Web Access Strengthening Technology Ecosystem Open Banking ¼eady Stack for Fintech Enablement Secure Credit Card, Digital FD and Fintech Lending Apps Secure & Scalable API Gateway
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41 Focus on risk management & eȁective operations ¼isk Management practices in Credit Assessment Eȁective credit risk management is also reflected in portfolio quality indicators Technology-Enabled Process Control Loan Origination System (LOS) integrated with a rules engine to ensure adherence to product policies and credit guidelines. Automation of workflows reduces manual errors and biases. Continuous monitoring of early warning signals for proactive risk mitigation Fraud & Adverse History Detection Utilization of platforms such as Hunter and Sherlock to flag adverse borrower histories, multiple loan applications, and potential fraud. Strengthens preventive risk management and supports prudent credit decisioning. Enhanced Financial Due Diligence Deployment of advanced analytical tools (e.g., Perfios) for comprehensive review of financial statements, income patterns, and banking behavior. Enables early identification of inconsistencies, overstated income, or potential stress indicators. ¼obust Underwriting Discipline Scorecard-based evaluation ensures objective borrower assessment. Supplemented with in-person discussions and field visits to validate borrower intent, repayment capacity, and creditworthiness.
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Practice is aligned with the national E&S laws and regulations and relevant E&S Good International Industry Practices (GIIP). Committed to give due consideration to environmental & social sensitivities in portfolio, integrating these into its business operations and decision-making process Environment, Social & Governance 42 Environment •Exclusion List •Training and awareness •Energy Saving •Plantation •Solar light •Preserve water quality and availability •ESG ¼isk Assessment •Green Deposit Policy Social •Service to Bottom of pyramid •Inclusive finance •Education Support •Financial Literacy •Priority Sector lending •Women empowerment •Income Generation Loan •Sustainable Finance Framework Governance •Diversified Board •Board independence •Strong Corporate Governance •¼isk Management Committee •Audit Committee •Customer Service Committee •Nomination and ¼emuneration Committee •ESG Steering Committee ESG Score: ‘62-Strong’ ESG ¼isk Assessments & Insights Limited has voluntarily assigned an ESG score of ‘62-Strong’ to the Bank on April 24, 2026 based on publicly available information. ESG Score: ‘62-Strong’ ESG ¼isk Assessments & Insights Limited has voluntarily assigned an ESG score of ‘62-Strong’ to the Bank on April 24, 2026 based on publicly available information.
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43 Utkarsh Welfare Foundation: CS¼ Initiatives SKILL & ENTE¼P¼ISE DEVELOPMENT P¼OG¼AM Lives Impacted 16, 70,000+ Lives Impacted 29, 70,000+ Lives Impacted 46,000+ Lives Impacted 34,000+ Initiatives Blood Donation Camps, Support to Old Age Home & Orphanage, Natural Calamities ¼elief Initiatives, etc. OTHE¼ PHILANTH¼OPIC ACTIVITIES VILLAGE DEVELOPMENT P¼OG¼AM & EDUCATION HEALTH INITIATIVES FINANCIAL AWA¼ENESS *since inception
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Utkarsh Welfare Foundation: CS¼ Initiatives (Contd.) 44 Learning Enhancement Program Women Entrepreneurship Financial Awareness E-Clinics Smart Classes Blood Donation Camps Village Development Program Health Awareness Weavers Support Program Agri-Input Support Support to Old Age Home Health Camps
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Utkarsh Welfare Foundation: CS¼ Initiatives (Contd.) 45 Women Driving Squad Women Entrepreneurship Skill Development Program Swasthya Mitra Farmers Orientation under VDP Supporting ¼ural Children’s Education Installation of Water ATM Handover of Sanitation Boat Digital Financial Literacy for ¼ural Women Basic Computer Concept Training Financial Literacy for School Children Sponsorship Support
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Disclaimer 46 Utkarsh Small Finance Bank Limited (also referred to as ‘Bank’). By attending a meeting where this presentation is made, or by reading this presentation material, you agree to be bound by following limitations: The information in this presentation has been prepared for use in presentations by Bank for information purposes only and does not constitute, or should be regarded as, or form part of any oȁer, invitation, inducement or advertisement to sell or issue, or any solicitation or any oȁer to purchase or subscribe for, any securities of the Company in any jurisdiction, including the United States and India, nor shall it, or the fact of its distribution form the basis of, or be relied on in connection with, any investment decision or any contract or commitment to purchase or subscribe for any securities of the Company in any jurisdiction, including the United States and India. This presentation does not constitute a recommendation by the Bank or any other party to sell or buy any securities of the Bank. This presentation and its contents are not and should not be construed as a prospectus or an oȁer document, including as defined under the Companies Act, 2013, to the extent notified and in force or an oȁer document under the Securities and Exchange Board of India (Issue of Capital and Disclosure ¼equirements) ¼egulations, 2009 as amended. The Bank may alter, modify, revise or otherwise change in any manner the contents of this presentation without any liability to modify any person of such change or changes. No representation warranty implied as to and reliance or warranty, express or implied, is made to, nor should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Neither Bank nor any of its aȂliates, advisors or representatives shall have any responsibility or liability whatsoever (for negligence or otherwise) for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection with this presentation. The information set out herein may be subject to updating, completion, revision, verification and amendment and such information may change materially. This presentation is based on the economic, regulatory, market and other conditions as in eȁect on the date hereof. Subsequent developments may aȁect the information contained in this presentation, which neither Bank nor its aȂliates, advisors or representatives are under any obligation to update, revise or aȂrm. This presentation contains certain supplemental measures of performance and liquidity that are not required by or presented in accordance with Indian GAAP and should not be considered as an alternative to profit, operating revenue or any other performance measures derived in accordance with Indian GAAP or an alternative to cash flow from operations as a measure of liquidity of the Bank. You must make your own assessment of the relevance, accuracy and adequacy of the information contained in this presentation and must make independent analysis as you may consider necessary or appropriate for such purpose. Any opinions expressed in this presentation are subject to change without notice and past performance is not indicative of future results. By attending this presentation, you acknowledge that you will be solely responsible for your own assessment of the market position of the Bank and that you will conduct your own analysis and be solely responsible for forming your own view of the potential future performance of the Bank’s business. This presentation contains forward-looking statements based on the currently held beliefs and assumptions of the management of the Bank, which are expressed in good faith and, in their opinion, reasonable. Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, financial condition, performance, or achievements of the Bank or industry results, to diȁer materially from the results, financial condition, performance or achievements expressed or implied by such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding expansion plans and the benefits there from, fluctuations in our earnings, our ability to manage growth and implement strategies, competition in our business including those factors which may aȁect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, our ability to win new contracts, changes in technology, availability of financing, our ability to successfully complete and integrate our expansion plans, liabilities, political instability and general economic conditions aȁecting our industry. Unless otherwise indicated, the information contained herein is preliminary and indicative and is based on management information, current plans and estimates. Industry and market-related information is obtained or derived from industry publications and other sources and has not been verified by us. Given these risks, uncertainties and other factors, recipients of this document are cautioned not to place undue reliance on these forward-looking statements. The Bank disclaims any obligation to update these forward-looking statements to reflect future events or developments.
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8/1/2026 47