Investor Presentation

November 03, 2026 BSE Limited National Stock Exchange of India Limited Scrip Code: 543942, 975790, 959644, Symbol: UTKARSHBNK 976203, 978213 Dear Sir/Madam, Sub: Investor Presentation under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) Pursuant to Regulation 30 of SEBI Listing Regulations, enclosed herewith the Investor Presentation on Unaudited Financial Results for the quarter and half year ended September 30, 2026. The said presentation is also available on the Bank’s website i.e. www.utkarsh.bank.in. This is for your information and records. Yours faithfully, For Utkarsh Small Finance Bank Limited Muthiah Ganapathy Company Secretary & Compliance Officer Encl:. As above Q2 & H1 FY27 Performance Snapshot All Amounts in ₹ Crores Portfolio Yield Banking Outlets : 1,110 vs. 1,104 (Sep-25) YoY QoQ Portfolio Amount Presence : 27 States & UTs Growth Growth (H1’27) (H1’26) (Q2’27) (Q2’26) (Q1’27) Head Count : 18,300 vs. 19,474 (Sep-25) Gross Loan Portfolio 20,062 7.5% 2.3% 15.8% 15.3% 15.9% 15.0% 15.7% Net worth (Capital + (cid:188)eserves): ₹2,676 Micro-Banking Portfolio 7,333 (11.3)% 0.1% Secured : Unsecured Mix C(cid:188)A(cid:188) : 17.0% Non Micro-Banking Portfolio 12,730 22.6% 3.6% (H1’27) (H1’26) (Q2’27) (Q2’26) (Q1’27) Tier 1 : 12.8% Tier 2 : 4.3% Unsecured Portfolio 9,643 (2.2)% 1.1% 48% 53% 48% 53% 49% Secured Portfolio 10,420 18.5% 3.4% 52% 47% 52% 47% 51% Balance Sheet Size : ₹29,090 Borrowings : ₹1,939 JLG Portfolio 5,146 (32.4)% (61.)% 26% 41% 26% 41% 28% Book Value per Share : ₹15.0 Non-JLG Portfolio 14,917 35.1% 5.6% 74% 59% 74% 59% 72% Cost of Deposits GNPA** : 5.9% vs. 12.2% (Sep-25) YoY QoQ Deposits Amount Growth Growth (H1’27) (H1’26) (Q2’27) (Q2’26) (Q1’27) NNPA** : 2.7% vs. 4.9% (Sep-25) Total Deposits 23,869 6.6% 3.3% 7.4% 7.8% 7.4% 7.8% 7.3% PC(cid:188) : 55.5% CASA% : 21% vs. 20% (Sep-25) CASA Deposits 5,119 14.2% 5.2% 4.5% 5.0% 4.5% 4.9% 4.5% CASA+(cid:188)TD% : 82% vs. 78% (Sep-25) (cid:188)etail Term Deposits 14,442 11.8% 1.3% 8.1% 8.4% 8.1% 8.5% 8.1% CD (cid:188)atio : 80.9%* vs. 75.5% (Sep-25) Institutional Term Deposits 4,309 (13.5)% 8.3% *CD (cid:188)atio at 76% excl. advances against which refinance is raised ; **Advances for the purpose of GNPA/NNPA calculation includes IBPC; #Deposits incl. Interest Accrued & due Building Growth Strategies Continue diversifying asset portfolio  Consistently increase share of secured loans in portfolio mix  Leverage wide base of existing customers in the unserved and underserved segments – Utkarsh in  Extend product o(cid:513)erings from JLG loans to individual loans, a(cid:513)ordable housing and other new products FY28  Focus on –  Low risk, high yielding products 2255--3300%%  O(cid:513)ering working capital and term loans to MSMEs, small and medium sized corporates, institutional customers PPoorrttffoolliioo GGrroowwtthh  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 Grow retail deposits mix across geographies and customer segments to build stable funding source (cid:188)(cid:188)eettuurrnn oonn EEqquuiittyy  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 o(cid:513)ering at various touch points of customer life cycle NNeett IInntteerreesstt MMaarrggiinn Increase share of fee income and capitalize on cross-selling opportunities  Generate fee income from own products and cross-selling third-party products ~~5555%%  Engaged with various partners in o(cid:513)ering third-party products and intend to continue to develop newer partnerships SSeeccuurreedd LLooaannss  Provide various payment solutions and other relevant services to increase the fee income Increasing use of technology and digital o(cid:513)erings for last mile delivery to customers  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 Journey and Franchise Portfolio Build Up Deposits Build Up Financial Performance Technology, ESG & CS(cid:188) Journey and Franchise Committed journey of ~17 years from Microfinance to Small Finance Bank to Listed Company Significant presence in rural & semi urban locations and under penetrated States of the Country Di(cid:513)erentiated branch network to ensure relevant product o(cid:513)erings for customers & ensuring cost e(cid:514)ciency of operations Utkarsh Journey Bank raised Tier-II capital Bank successfully raised equity through NCDs for an capital through (cid:188)ights Issue for amount aggregating to an amount aggregating to ₹950 ₹300 crore in Sep-26 crore in Nov-25 FY26 FY27 Launched digital on- Conversion of boarding microfinance (cid:188)aised equity capital of FY25 Bank commenced SFB branches to ₹240 crore in Mar-21 Utkarsh CoreInvest operations from Banking Outlet >1,000 Banking Limited (UCL) January 23, 2017 Outlets commenced operations FY21 as NBFC in Sep-09 FY19 FY17 FY24 FY23 FY10 FY22 FY20 FY18 In Jul-23 Bank launched IPO to Bank’s Capital + raise equity capital of ₹500 FY16 Bank’s loan portfolio (cid:188)eserves crore; IPO oversubscribed Bank’s Capital + and deposits, both, crossed ₹2,000 >100 X; (cid:188)eserves crossed crossed milestone of crore Bank received ₹1,000 crore ₹10,000 crore Higher ever annual PAT of 'Scheduled ₹498 crore in FY24 Commercial Bank' UCL received (cid:188)BI In- status in Oct-Nov-17 Principle Approval to establish an SFB on October 7, 2015 Business Overview Focus on Financial inclusion, o(cid:513)er a range of financial products and services that address the specific requirements of customer segments Micro-Banking 37% Other (cid:188)etail Loans 46% Joint Liability Business MSME Loans Housing Group Loans Loans ((cid:188)etail Assets) Loans Asset 24% 13% products 1 Wholesale Other (cid:188)etail Lending CV/CE Gold Loans & ODFD (FI & BBG, T(cid:188)eDS) Loans Loan BC Channel Liability Products Current Savings Term and (cid:188)ecurring Account Account Deposit Accounts Insurance Mutual Locker Internet Mobile Other Products Funds Facilities banking1 Banking1 Products & Services Integrated Bill Distribution & facilitation of accounts ATM-cum - Payment Payment system under certain Govt. Schemes debit cards1 Solutions 5.21 million 7.5% 15.9% Total Customers Cost of Funds Yield on advances Sep-26 Q2, FY27 Q2, FY27 Portfolio split % (Sep’26) 1 Other Distribution channels Diversified distribution network Extensive physical network of Banking Outlets (Sep’26) PPootteennttiiaall ffoorr (cid:188)(cid:188)eettaaiill AAsssseettss wwiitthhiinn eexxiissttiinngg BBrraanncchheess ((SSeepp’’2266)) Subset of GB Branches >50 Outlets Total MB GB MSME HL Wheels STATES Banking 1 <50 Outlets Outlets Outlets* Locations Locations Locations Outlets No Outlets Chandigarh: 3 4 Bihar 284 264 20 9 3 4 10 Uttar Pradesh 228 177 51 18 17 25 27 Delhi: 35 35 Sikkim: 1 Odisha 102 95 7 2 2 - Jharkhand 101 90 11 3 1 4 29 228 2 Maharashtra 85 42 43 19 12 - 284 1 NCT Of Delhi 35 4 31 3 1 1 Other States 275 107 168 33 26 15 20 53 101 17 TOTAL 1,110 779 331 87 62 49 Banking Outlets 27 States & UT 1,104 1,105 1,110 1,110 1,110 Goa: 2 1,110 Banking Outlets 15 373 ATMs and Puducherry: 1 789 Micro ATMs 298 U(cid:188)Cs Sep'25 Dec'25 Mar'26 Jun'26 Sep'26 Map not to scale *Includes 7 Combo Branches Portfolio Build-up • Slowdown witnessed in JLG segment due to market Non-JLG Loan portfolio grew by 35.1% YoY disruptions (cid:188)ural & semi urban franchise, deep rooted understanding • Continued focus on high yield, low risk products & of our core geographies, proven track [Showing first 8,000 characters — download PDF for full document]