Utkarsh SFB: No Deviation in NCD Proceeds Utilization for Q2 FY27

Utkarsh Small Finance Bank Limited has reported that there was no deviation or variation in the utilization of funds raised through the Issue of Non-Convertible Debentures on a private placement basis. The funds, amounting to Rs. 300 crores raised on September 25, 2026, were utilized for augmenting lower Tier Capital and strengthening its capital adequacy, in line with the original objects of the issue. The statement for the quarter ended September 30, 2026, was reviewed by the Bank's Audit Committee and is also available on the bank's website.