Utkarsh Small Finance Bank gets nod to raise up to Rs 500 crore

Utkarsh Small Finance Bank has secured approval to raise up to Rs 500 crore through issuance of unsecured, subordinated, redeemable, tier II bonds in the form of non-convertible debentures (part of additional Tier II Capital) on a private placement basis. The board of directors of the bank at its meeting held on June 20, 2026 has approved the same. Utkarsh Small Finance Bank is engaged in providing banking and financial services. $UTKARSHBNK