Utkarsh SFB Board Approves ₹500 Cr Tier II Bonds, Sets AGM Date

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 and is subject to regulatory approvals. The Board also announced the 10th Annual General Meeting (AGM) will be held on August 4, 2026, via Video Conferencing. 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 relinquish his CFO role on June 20, 2026, as per RBI approval.