Announced Sat, 20 Jun · 21:54 IST
Utkarsh SFB to raise up to Rs 500 cr via Tier II bonds, CFO moves to ED role
Fund Raising View source PDF
UTKARSHBNK · price
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Price reaction · full curve 14 horizons · vs prior close
-3.7%1-day move
₹14.83
prior close
₹14.93
base price
After-mkt
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AI summary
Utkarsh Small Finance Bank's board approved raising up to Rs 500 crore through unsecured subordinated Tier II NCDs on private placement basis, in one or more tranches. The 10th AGM is scheduled for August 4, 2026 via video conferencing. Current CFO Mr. Sarjukumar Simaria steps down as CFO on June 20 and will join as Executive Director for 3 years from June 22, 2026, with RBI approval already secured. He previously led the bank's IPO and a Rs 950 crore capital raise.
Likely market impact
Tier II bond issuance strengthens the bank's capital base. Smooth CFO-to-ED transition for an existing senior leader, pending shareholder approval.