CFO steps down, appointed Whole Time Director for 3 years
UTKARSHBNK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Utkarsh Small Finance Bank's CFO Mr. Sarjukumar Pravin Simaria relinquishes his CFO role on June 20, 2026 to take charge as Whole Time Director (Executive Director) for 3 years from June 22, 2026, following RBI approval. He is a Chartered Accountant with over 30 years of BFSI experience and led the bank's 100x-subscribed IPO along with a Rs 950 crore capital raise. Board also approved issuance of Tier II bonds up to Rs 500 crore on private placement and scheduled the 10th AGM for August 4, 2026.
Smooth internal leadership transition. Rs 500 crore Tier II bond issuance will strengthen capital base. Shareholder approval for directorship pending.