India's Utkarsh Small Finance Bank up on Q4 deposit, loan growth

Utkarsh Small Finance Bank

08/04/2024 08:09

** Shares of Utkarsh Small Finance Bank  UTKR.NS  up 1.8%,
pulling back from 3.9% jump earlier in session
    ** Co reports provisional total deposits up 27.4% Y/Y and
gross loan portfolio up 31.1% as of March-end
    ** Stock on track for seventh straight session of gains
    ** Stock crosses 50- and 100-day moving averages for the
first time since late-Feb
    ** About 4.2 mln shares change hands, 1.2x the 30-day avg
    ** Stock up ~13% since listing in July 2023

 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))