Utkarsh Small Finance Bank Ltd

- The Bank has raised equity capital aggregating to Rs. 950 crores through a rights issue in November 2025. - This equity raise is expected to be sufficient for the Bank’s capital needs till September 2027. - The Bank does not intend to approach the market for further equity dilution for the next 2 years. - On the debt side, there is no specific mention of new fundraising plans; however, the Bank currently maintains surplus liquidity of around Rs. 4,400 crores and has no short-term borrowings on its balance sheet. - The Bank is focusing on organic growth and operational efficiency rather than immediate new capital raising.

- The bank has successfully raised Rs. 950 crores through a rights issue in November 2025 to augment its Tier-1 capital, sufficient for the next 24 months till around September 2027. - Statutory approvals for the proposed reverse merger of the holding company with the bank have been secured; the bank is assessing the optimal timing for filing the petition with NCLT. - The bank is undertaking a business transformation project named "Utkarsh 2.0 Technology Transformation Project," with several sub-projects already live, focused on future-ready technology architecture and improved business processes. - This technology initiative aims to improve operational efficiency, productivity, automation, and granular monitoring of the entire loan cycle. - No explicit mention of other large capital expenditure or strategic investments was detailed beyond technology transformation and capital raise for growth and regulatory requirements.

- The bank expects overall blended loan growth of around 25% for FY '27 and FY '28. - JLG (Joint Liability Group) portfolio growth is projected at approximately 15%-16% annually. - Non-JLG (secured lending) businesses are targeted to grow around 30% or higher. - Secured lending mix (MSME, Housing, Micro LAP) expected to grow faster (30%-35%) compared to unsecured (15%-18%). - Continued expansion in micro-banking business loan (MBBL) portfolio, which grew 39% YoY. - Growth in asset products like MSME, Housing, LAP supported by cross-sell through deposit-focused branches. - Disbursement yields improving (e.g., MSME yield up 100 bps, Housing yield improved by 40 bps). - Loan book diversification away from JLG (now 39% of book) toward secured lending (47% of book). - Disbursement pace expected to stabilize, with portfolio growth improving from next 1-2 quarters onward.

- Stress in asset quality is expected to improve meaningfully from Q3 FY '26 onwards, with better collection efficiency and reduced fresh NPA accretion. - Legacy stress will keep near-term credit costs slightly elevated, weighing on profitability in the near term (noted net loss in Q2 FY '26). - Profitability and growth are expected to improve starting Q4 FY '26, with quarter 3 showing some challenges but gradual improvement. - The bank targets around 25% loan book growth over the next 2-3 years (FY '27 and FY '28) with a well-diversified portfolio focusing on secured lending (>50%). - Net NPA levels are expected to decrease quarter-on-quarter due to increased provisioning and better asset quality. - The bank aims to maintain a Net Interest Margin (NIM) of around 8.5% and achieve a return on equity of about 15% by FY '28. - Overall, improved execution and strategic plans signal positive operating earnings and profitability trajectory in the medium term.

The provided transcript does not mention current or expected orderbook or pending orders for Utkarsh Small Finance Bank Limited. The discussion primarily covers topics such as loan portfolio composition, delinquencies, collection efficiencies, branch strategy, disbursement trends, deposit growth, asset quality, and credit costs. There is no reference to orderbook or pending orders in the banking context or otherwise. If you are looking for specific information related to orders or executed contracts, it is not available in this transcript. Please provide more details or check other sources for orderbook data.