Utkarsh SFB to Consider Raising ₹500 Cr via Tier II Bonds

Utkarsh Small Finance Bank Ltd has announced a Board of Directors meeting scheduled for June 20, 2026. The primary agenda item is to consider and approve a proposal for raising funds up to ₹500 crore. This will be achieved through the issuance of Unsecured, Subordinated, Redeemable, Tier II bonds in the form of Non-Convertible Debentures. The issuance will be on a private placement basis, potentially in multiple tranches during FY 2026-27, subject to necessary regulatory and statutory approvals. This move aims to strengthen the bank's capital base.