Utkarsh Small Finance Bank: Board Approves FY26 Audited Results, Appoints New Directors
Utkarsh Small Finance Bank reported its audited financial results for FY26. The bank posted a net loss of ₹1,15,097.84 lakh for the year ended March 31, 2026. The Board approved the re-appointment of Mr. Parveen Kumar Gupta as Independent Director and appointed Mr. Anjani Kumar Srivastava as Additional Director. New Senior Management Personnel including Ms. Dhara Vyas (CHRO), Mr. Abhay Kataria (Head-Assets), and Mr. Anindya Mitra (Chief Credit Officer) were also appointed.
The appointment of new directors and senior management, along with the audited financial results showing a substantial net loss, will have a significant impact on the bank's operational and financial standing.
The company reported a significant net loss for the financial year ended March 31, 2026, which is a negative development.
Utkarsh Small Finance Bank Limited announced the outcome of its Board Meeting held on May 09, 2026. The Board approved the Audited Financial Results for the quarter and financial year ended March 31, 2026, along with the unmodified audit report from the Joint Statutory Auditors. The meeting also saw the approval for the re-appointment of Mr. Parveen Kumar Gupta as an Independent Director for a second term of three years effective September 01, 2026. Additionally, Mr. Anjani Kumar Srivastava was appointed as an Additional Director (Non-Executive Non-Independent) for a five-year term starting May 09, 2026, subject to shareholder approval.
The Bank also appointed Ms. Dhara Vyas as Chief Human Resources Officer, Mr. Abhay Kataria as Head- Assets, and Mr. Anindya Mitra as Chief Credit Officer, all effective May 09, 2026, forming part of the Senior Management Personnel. The financial results indicate a net loss of ₹18,801.56 lakh for the quarter ended March 31, 2026, compared to a net profit of ₹296.73 lakh in the same period last year. For the full financial year ended March 31, 2026, the Bank reported a net loss of ₹1,15,097.84 lakh, a significant shift from a net profit of ₹2,370.05 lakh in the previous financial year. The Capital Adequacy Ratio stood at 17.71% as of March 31, 2026. The Bank also noted that it has no outstanding secured listed non-convertible debt securities.
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