Utkarsh Small Finance Bank Limited has informed the Exchange about Credit Rating

Rating watch negativeCredit & Debt View source PDF Explain this filing

UTKARSHBNK · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.5%Reaction day

₹23.14

prior close

₹23.62

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.3%-0.7% vs market

Other Bank peers, median of 8sector+0.5%-0.9% vs sector

On the reaction day the stock moved 0.7 pts less than Nifty Microcap 250 and 0.9 pts less than its Other Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.6

10m

-0.3

15m

-0.5

30m

-1.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.5+0.3-0.7+0.5-0.9

Next day

+1.9+0.8+1.2+0.9+1.1

+3.7+2.7+1.1+2.1+1.6

+3.1+2.7+0.4+2.1+1.0

+4.4+3.2+1.1+2.0+2.4

+5.5+4.1+1.4+2.4+3.1

+4.6+4.0+0.6+2.6+2.0

15d

+2.2+4.4-2.2-0.2+2.3

-0.6+5.4-6.0-2.5+1.9

-8.2+1.5-9.7-7.8-0.3

-6.1+3.3-9.4-6.3+0.3

UpDownMarket · Nifty Microcap 250Sector · Other Bank peers, median of 8Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

CARE Ratings has reaffirmed the credit rating of CARE A+ on Utkarsh Small Finance Bank's Tier II Bonds (₹15 crore and ₹200 crore) but revised the outlook from Stable to Negative. CARE cited persistent stress in the bank's microfinance portfolio, which weakened asset quality and profitability in FY25 and is expected to continue in H1FY26. The rating itself has not been downgraded, but the negative outlook signals possible future downgrade if conditions do not improve. The detailed rationale has been published on CARE Ratings' website and the bank's website.

Likely market impact

Negative outlook revision may create near-term pressure on the stock and signal investor concern over microfinance asset quality. While the rating is still investment grade, shareholders should monitor the bank's microfinance portfolio performance and any further rating actions in the coming quarters.