Utkarsh SFB Appoints Sarjukumar Simaria as Whole Time Director

Utkarsh Small Finance Bank Ltd announced the appointment of Mr. Sarjukumar Pravin Simaria as an Additional Director in the category of Whole Time Director (Executive Director) for a period of three years, effective June 22, 2026. This appointment is subject to shareholder approval and follows RBI's clearance. Concurrently, Mr. Simaria will relinquish his position as Chief Financial Officer (CFO) of the bank, effective June 20, 2026, as per regulatory requirements. The board also approved the issuance of Tier II bonds aggregating up to ₹500 crore and scheduled the 10th Annual General Meeting for August 4, 2026.