Utkarsh SFB Approves ₹500 Cr Tier II Bond Issuance

Utkarsh Small Finance Bank's Board of Directors has approved the issuance of unsecured, subordinated, redeemable, Tier II bonds amounting to ₹500 crore on a private placement basis. This issuance is part of the bank's additional Tier II capital. The board also scheduled the 10th Annual General Meeting for August 4, 2026, and approved the appointment of Mr. Sarjukumar Pravin Simaria as an Additional Director (Whole Time Director) for three years, effective June 22, 2026. Concurrently, Mr. Simaria will relinquish his role as Chief Financial Officer (CFO) on June 20, 2026, following RBI approval for his new directorship.