Utkarsh Small Finance Bank Limited has update Intimation under Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( SEBI Listing Regulations )
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Utkarsh Small Finance Bank has disclosed that the Reserve Bank of India (RBI), via a letter dated March 17, 2026, has approved the variable pay for Mr. Govind Singh (Managing Director & CEO) for FY 2024-25 and his fixed pay for FY 2025-26. The approval follows an earlier RBI letter from September 16, 2024. The shareholders of the Bank had already approved the compensation. The letter was signed by the Bank's CFO, Sarju Kumar Simaria, and filed under SEBI Listing Regulations.
This is a routine regulatory clearance on CEO remuneration and does not signal any change in leadership or governance. Investors should view it as a procedural update with no material impact on the stock or shareholder value.