Announced Wed, 17 Jun · 20:07 IST
Utkarsh SFB board to consider Rs 500 crore Tier II NCD issuance
Fund Raising View source PDF
UTKARSHBNK · price
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Price reaction · full curve 14 horizons · vs prior close
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AI summary
Utkarsh Small Finance Bank has informed BSE that its Board will meet on June 20, 2026 to consider raising up to Rs 500 crore through Unsecured, Subordinated, Redeemable Tier II bonds in the form of Non-Convertible Debentures. The NCDs will be issued on a private placement basis in one or more tranches during FY 2026-27, forming part of the bank's additional Tier II capital. The issuance is subject to regulatory and statutory approvals.
Likely market impact
Tier II capital raise of Rs 500 crore to strengthen the bank's capital base. Watch for board approval and coupon rate announcement on June 20.