Utkarsh SFB reported a net loss of ₹1,150.98 crore for FY26, with a significant provision of ₹1,562.96 crore for NPAs.
The Bank's Gross NPA ratio improved to 7.71% from 11.05% in the previous quarter, while Capital Adequacy stood at 17.71%.
Board approved re-appointment of Mr. Parveen Kumar Gupta as Independent Director and appointment of three new senior management personnel.
The amalgamation process with promoter Utkarsh CoreInvest Limited is ongoing, with the second motion petition filed with NCLT.