Utkarsh Small Finance Bank Limited

NSEI:UTKARSHBNK Stock Report

Market Cap: ₹28.5b

Utkarsh Small Finance Bank Management

Management criteria checks 1/4

Utkarsh Small Finance Bank's CEO is Govind Singh, appointed in Sep 2018, has a tenure of 7.25 years. total yearly compensation is ₹43.30M, comprised of 59.4% salary and 40.6% bonuses, including company stock and options. directly owns 0.028% of the company’s shares, worth ₹8.04M. The average tenure of the management team and the board of directors is 1.3 years and 4.5 years respectively.

Key information

Govind Singh

Chief executive officer

₹43.3m

Total compensation

CEO salary percentage59.35%
CEO tenure7.3yrs
CEO ownership0.03%
Management average tenure1.3yrs
Board average tenure4.5yrs

Recent management updates

Recent updates

Utkarsh Small Finance Bank Limited (NSE:UTKARSHBNK) Analysts Are More Bearish Than They Used To Be

Feb 19
Utkarsh Small Finance Bank Limited (NSE:UTKARSHBNK) Analysts Are More Bearish Than They Used To Be

CEO Compensation Analysis

How has Govind Singh's remuneration changed compared to Utkarsh Small Finance Bank's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2025n/an/a

-₹8b

Jun 30 2025n/an/a

-₹4b

Mar 31 2025₹43m₹26m

₹237m

Dec 31 2024n/an/a

₹2b

Sep 30 2024n/an/a

₹5b

Jun 30 2024n/an/a

₹5b

Mar 31 2024₹37m₹23m

₹5b

Dec 31 2023n/an/a

₹5b

Sep 30 2023n/an/a

₹4b

Jun 30 2023n/an/a

₹4b

Mar 31 2023₹25m₹21m

₹4b

Dec 31 2022n/an/a

₹3b

Sep 30 2022n/an/a

₹2b

Jun 30 2022n/an/a

₹1b

Mar 31 2022₹20mn/a

₹615m

Dec 31 2021n/an/a

₹267m

Sep 30 2021n/an/a

₹716m

Jun 30 2021n/an/a

₹893m

Mar 31 2021₹19m₹19m

₹1b

Dec 31 2020n/an/a

₹1b

Sep 30 2020n/an/a

₹1b

Jun 30 2020n/an/a

₹2b

Mar 31 2020₹19m₹17m

₹2b

Dec 31 2019n/an/a

₹2b

Sep 30 2019n/an/a

₹1b

Jun 30 2019n/an/a

₹1b

Mar 31 2019₹11m₹11m

₹939m

Compensation vs Market: Govind's total compensation ($USD481.76K) is above average for companies of similar size in the Indian market ($USD289.43K).

Compensation vs Earnings: Govind's compensation has increased whilst the company is unprofitable.

CEO

Govind Singh (60 yo)

7.3yrs
Tenure
₹43,300,000
Compensation

Mr. Govind Singh is the Founder of Utkarsh Micro Finance Private Limited and served as its Managing Director and Chief Executive Officer since January 16, 2017. Mr. Singh has been Managing Director and Chi...

Leadership Team

NamePositionTenureCompensationOwnership
Govind Singh
MD, CEO & Director7.3yrs₹43.30m0.028%
₹ 8.0m
Sarjukumar Simaria
Chief Financial Officer3.2yrs₹17.30mno data
Pramod Dubey
Executive Whole Time Director1.1yrs₹35.60mno data
Muthiah Ganapathy
Company Secretary & Compliance Officer3.8yrs₹5.90mno data
Rahul Dey
Head of Operations & Administration1.1yrsno datano data
Abhijeet Bhattacharjee
Chief Information Officer3.7yrsno datano data
Hitain Sharma
Chief Human Resources Officer5.9yrsno datano data
Amit Acharya
Chief Risk Officer1.3yrsno datano data
Suchita Chatterjee
Interim Head of Internal Auditno datano datano data
Sourabh Ghosh
Head of Consumer Bankingless than a yearno datano data
Virender Sharma
Head of Micro Bankingless than a yearno datano data
G. H. Raghava
Head of Treasury1.3yrsno datano data
1.3yrs
Average Tenure
50yo
Average Age

Experienced Management: UTKARSHBNK's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Govind Singh
MD, CEO & Director7.6yrs₹43.30m0.028%
₹ 8.0m
Pramod Dubey
Executive Whole Time Director1.3yrs₹35.60mno data
Ajay Kapur
Non-Executive Independent Director4.8yrs₹4.24mno data
Kshatrapati Shivaji
Independent Part Time Chairmanless than a yearno datano data
Parveen Gupta
Independent Director4.3yrs₹4.76mno data
Muralidharan Rajamani
Non-Executive Non-Independent Director4.8yrs₹4.10mno data
Gauri Shah
Additional Independent Directorless than a yearno datano data
Kalpana Pandey
Non-Executive Independent Director5.7yrs₹4.30mno data
4.5yrs
Average Tenure
62yo
Average Age

Experienced Board: UTKARSHBNK's board of directors are considered experienced (4.5 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/12/04 07:36
End of Day Share Price 2025/12/04 00:00
Earnings2025/09/30
Annual Earnings2025/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Utkarsh Small Finance Bank Limited is covered by 6 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Renish BhuvaICICI Securities Ltd.
Sanjeev PrasadKotak Securities (Institutional Equities)
Nischint ChawatheKotak Securities (Institutional Equities)