StockWatch
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Other Bank
Business Update19 Aug 2026, 12:51 pm

Utkarsh SFB plans Core Banking System migration, services to be unavailable

AI Summary

Utkarsh Small Finance Bank Ltd is undertaking a migration to a new Core Banking System as part of its technology transformation initiative. This migration is scheduled to cause a planned downtime from August 21, 2026 (10:00 P.M.) to August 24, 2026 (06:00 A.M.), during which all banking services will be unavailable. The bank has implemented a comprehensive migration strategy, including risk mitigation and business continuity plans, to ensure a smooth transition and enhanced customer experience. Further details will be available on the bank's website.

Key Highlights

  • Bank migrating to a new Core Banking System for technology upgrade.
  • Planned service disruption from August 21-24, 2026.
  • Comprehensive migration strategy and risk mitigation in place.
  • Aims to enhance customer experience and operational efficiency.