Utkarsh SFB Board 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 up to ₹500 crore on a private placement basis. These bonds are part of the additional Tier II Capital. The bank also announced its 10th Annual General Meeting (AGM) scheduled for August 04, 2026. Additionally, Mr. Sarjukumar Pravin Simaria has been appointed as an Additional Director (Whole Time Director) for three years, effective June 22, 2026, subject to shareholder approval. He will be relinquishing his role as CFO on June 20, 2026, due to this appointment.