Latest news with #Utkarsh
Business Standard
22-05-2025
- Business
- Business Standard
ICRA revises its outlook on LT rating of Utkarsh Small Finance Bank to 'negative'
Utkarsh Small Finance Bank said that ICRA has revised its rating outlook on the facilities of the bank to 'negative' from 'stable' while reaffirming the rating at '[ICRA] A+'. The agency has reaffirmed its '[ICRA] A1+ rating on the short-term bank facilities of the bank. ICRA stated that the revision in the outlook to negative considers the significant deterioration in Utkarsh Small Finance Banks (Utkarsh) asset quality and earnings profile in FY2025 and the subdued performance expected in the near term. The deterioration in the asset quality was primarily on account of higher slippages in the microfinance portfolio due to various factors including, but not limited to, overleveraging by borrowers, worsened credit discipline, adverse climatic conditions and other operational challenges like employee attrition. ICRA takes note of the corrective measures being taken by the bank. Although incremental inflow to the special mention account (SMA) bucket has slowed down, the near-term performance shall remain monitorable considering the tightened guardrails for the microfinance sector. Further, the asset quality in Utkarshs relatively newer product segments remains monitorable, given the sizeable scaleup in the last 2-3 years. Given the deterioration in the asset quality, the banks solvency has weakened. However, Utkarsh continues to maintain an adequate capitalisation profile. Further, it is in the process of raising Tier I equity capital up to Rs 750 crore in the near-term, which shall help it maintain a prudent capitalisation profile while providing for the deterioration in the asset quality. ICRA also takes note of the gradual improvement in Utkarshs deposit franchise with the share of retail deposits (retail term deposits + current account savings account (CASA)) increasing to 71% as of March 2025 from 66% as of March 2024. The share of CASA in total deposits stood at 22% as on 31 March 2025, similar to the March 2024 level. Going forward, the banks ability to improve the share of the relatively lower-cost CASA deposits and keep the deposit profile granular shall remain important. Utkarsh Micro Finance received a small finance bank (SFB) licence from the Reserve Bank of India (RBI) in November 2016 and completed the conversion to an SFB in January 2017. Operating in 27 states/Union Territories (UTs), as on 31 March 2025, Utkarsh offers deposits, micro-banking loans, micro, small and medium enterprise (MSME) loans, affordable housing loans and corporate loans, among other products. The scrip had gained 0.17% to end at Rs 23.52 on the BSE today.
Indian Express
13-05-2025
- Indian Express
Night drive around Delhi's Connaught Place in car with fake MHA plate, 4 arrested
The Delhi Police Saturday night arrested four men for allegedly roaming around the Connaught Place area late at night in a car fitted with a fake Ministry of Home Affairs (MHA) plate. When stopped and questioned by the police, one of the men falsely claimed to be an Intelligence Bureau (IB) officer while the other three claimed to be his bodyguards, the police said. The men were identified as Utkarsh Shukla and Akhilesh Pandey, both 21; Aniket Pandey, 27; and Rajkumar, 28, all residents of Lucknow. The police recovered a fake IB identity card from Utkarsh, and a hooter and siren from inside their luxury SUV vehicle. During interrogation, the police said, Utkarsh confessed that he orchestrated the entire act to 'show off' and impress others. When the police checked his belongings, they also recovered a fake station master identity card with his photo. According to police officers, the incident occurred near the Outer Circle of Connaught Place, where police were conducting routine picket checks when they stopped the suspicious vehicle around 11.30 pm. Suspicions deepened for the police when the driver, Mohammad Adil, revealed during a strict interrogation that he did not know the four passengers. He disclosed that they hired the car from Lucknow and purchased the fake plate along the way, said the police. Following the revelations, the police registered a case against the four passengers of the car under Bharatiya Nyaya Sanhita (BNS) sections 204 (impersonating a public servant), 336(3) (forged documents or electronic records and presenting as genuine), 3(5) (common intent), along with sections 39 (necessity for registration) and 192 (if someone drives or allows someone else to drive a vehicle that is not registered as required by law, they can be fined) of the Motor Vehicles Act.
Hans India
12-05-2025
- Hans India
AIIMS Bhopal Student Dies by Suicide At AFMC Pune Amid Academic Stress
In a tragic incident, an 18-year-old first-year medical student from AIIMS Bhopal, identified as Utkarsh Mahadev Shingne, allegedly died by suicide at the Armed Forces Medical College (AFMC) in Pune on Monday morning. A native of Maharashtra's Beed district, Utkarsh was visiting AFMC to attend a cultural festival held on May 8. According to the Pune police, before taking the drastic step, he posted a suicide note as his WhatsApp display picture, which alerted his family early in the morning. Concerned by the note and unable to reach him by phone, his relatives quickly contacted the Pune police control room around 6:15 a.m. A team from Wanavdi police station immediately responded and began a search of the AFMC campus. He was discovered in the common bathroom of the boys' hostel. Senior police inspector Satyajit Admane reported that Utkarsh was found unconscious, seated on a commode, surrounded by blood. He was declared dead by AFMC doctors at the scene. A knife, believed to have been used in the act, was recovered along with some personal items. Initial investigations revealed that Utkarsh had been undergoing treatment for depression linked to academic stress for over a year at AIIMS Bhopal. Police believe he purchased the knife online and used it to end his life. The authorities have filed an Accidental Death Report (ADR) at Wanavdi police station and sent the body for post-mortem examination. Further investigation is underway to understand the circumstances that led to the incident.
Business Standard
30-04-2025
- Business
- Business Standard
Utkarsh Sinha: Best Web3 and Crypto Influencer in India
Are you trying to understand Web3 and crypto? It can feel like learning a whole new language! Luckily, in India, there's a leading voice making it all much easier to understand: Utkarsh Sinha. Many consider him one of the Best Web3 Influencers and a top name among the Best Crypto Influencers in India. He's the person many turn to for clear, practical insights into this exciting digital world. Making Sense of the Digital Future Web3 is basically the next big thing for the internet. Think of it as a more user-controlled and decentralized online world powered by technologies like blockchain. It includes cryptocurrencies, unique digital items called NFTs, and new ways of organizing online communities called DAOs. Utkarsh Sinha is excellent at taking these often-confusing ideas and explaining them in a way that makes sense. He shows how Web3 isn't just a buzzword; it has real potential to change how we do things, from how we handle money to how artists share their work. When you're looking for the Best Crypto Influencers, you'll often find Sinha's name because he's so good at breaking down these complex topics. Navigating the World of Crypto The cryptocurrency market can feel like a rollercoaster – lots of ups and downs! For anyone in India wanting reliable advice, Utkarsh Sinha stands out among the top crypto influencers in the country. Utkarsh Sinha provides well-researched information about the market, new and interesting crypto projects, and the technology behind them. Importantly, he also stresses the need to be smart and careful with investments, helping people make informed decisions in this fast-moving space. More Than Just Talk: Teaching and Sharing Vision What makes Utkarsh Sinha special isn't just his knowledge; it's his passion for helping others understand. He doesn't just share his opinions; he explains the basics, gives context, and encourages people to think for themselves. Through his different online platforms, he's built a community of people who are genuinely curious about Web3 and crypto. He talks in a way that's easy to follow, making even the technical stuff understandable for everyone. This focus on education is a big reason why he's considered one of the Best Crypto Influencers in India. Why People Trust Utkarsh Sinha There are several reasons why Utkarsh Sinha has become such a trusted voice: He Keeps It Simple: He has a talent for straightforwardly explaining complicated things without using too much technical jargon. He Knows His Stuff: His insights come from a deep understanding of the technology and the market. He's Balanced: He shows both the good and the bad sides of Web3 and crypto, offering a realistic perspective. He Connects with People: He actively talks to his audience, building a sense of community and trust. He's All About Learning: His main goal is to help people learn and feel confident about decentralized technology. A Guy with Many Ideas: Utkarsh's Other Ventures What's cool about Utkarsh is that he's not just focused on crypto. He's got his fingers in a few different pies, which shows how driven and versatile he is. Besides KriptoAD, he's also behind: Utsav Tour and Travels: Helping folks plan their adventures. Utkarsh NextEra Properties: Focusing on modern homes and properties. Utsav Events: Creating cool and memorable events. HH Initiatives: A non-profit that's working to make a difference in society. The Future of Digital Money in India: Learning from the Best As India increasingly explores the possibilities of Web3 and cryptocurrencies, having knowledgeable and trustworthy guides like Utkarsh Sinha is crucial. He acts as a vital link, making the complexities of this new digital world accessible to a wider audience in India. If you're looking to understand the exciting changes happening in Web3 and crypto in India, following Utkarsh Sinha is a smart move. His ongoing commitment to providing valuable information and encouraging thoughtful conversations makes him a leading figure among the Best Web3 Influencers and Top Crypto Influencers in India.
