Utkarsh Small Finance Bank Ltd

Utkarsh Small Finance Bank Ltd announced that its Management Committee has approved the sale of a pool of stressed unsecured loans, comprising Non-Performing Assets (NPAs) and written-off loans. The aggregate principal outstanding of these loans as of August 31, 2026, is up to ₹75.16 Crore. The sale is to a Non-Banking Financial Company for a consideration of ₹15.50 crore. This move is part of the bank's strategy to manage its asset quality and reduce its non-performing loan portfolio. The disclosure was made under Regulation 30 of SEBI Listing Regulations.

Utkarsh Small Finance Bank Ltd has announced the closure of its trading window for designated persons, their immediate relatives, and specified connected persons. This closure is in effect from October 01, 2026, and will remain open until 48 hours after the declaration of the bank's financial results for the quarter and half-year ending September 30, 2026. The specific date for the Board Meeting to approve these results will be communicated later. This measure aligns with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the bank's internal code of conduct.

Utkarsh Small Finance Bank Ltd has approved the allotment of 30,000 Rated, Listed, Unsecured, Subordinated, Redeemable, Lower Tier II Bonds in the form of Non-Convertible Debentures (NCDs) aggregating ₹300 Crore. The NCDs carry a coupon rate of 11.75% per annum, payable quarterly, and have a tenure of 7 years. The issuance is on a private placement basis and the NCDs are proposed to be listed on the Wholesale Debt Market segment of BSE Limited. This move aims to strengthen the bank's capital base and fund its growth initiatives.

Utkarsh Small Finance Bank Ltd announced the appointment of Mr. Manmohan Shetty as its new Chief Financial Officer and Key Managerial Personnel. The decision was approved by the Board of Directors during their meeting held on September 19, 2026, based on recommendations from the Audit Committee and Nomination and Remuneration Committee. Mr. Shetty brings over two decades of experience in banking, NBFCs, and financial services, having held leadership positions at Viksit Capital, Barclays Bank, and Lehman Brothers. He is a Chartered Accountant and holds a Commerce degree from Mumbai University. The appointment is effective from September 19, 2026.

Utkarsh Small Finance Bank Ltd announced the appointment of Mr. Manmohan Shetty as its Chief Financial Officer and Key Managerial Personnel. The decision was approved by the Board of Directors following recommendations from the Audit Committee and Nomination and Remuneration Committee. Mr. Shetty brings over two decades of experience in banking and financial services, having held leadership roles at Viksit Capital, Barclays Bank, and Lehman Brothers. He is a Chartered Accountant and holds a Commerce degree from Mumbai University. His appointment is effective from September 19, 2026.

Utkarsh Small Finance Bank Ltd's Committee of Directors for the Board (CSFRC) has approved the issuance of Rated, Listed, Unsecured, Subordinated, Redeemable, Lower Tier II bonds in the form of Non-Convertible Debentures (NCDs). The issuance will be up to ₹200 crore base issue with a green shoe option of up to ₹100 crore, totaling ₹300 crore. These NCDs will have a face value of ₹1,00,000 each, a tenure of 7 years, and an interest rate of up to 11.75% per annum, payable quarterly. The issuance will be on a private placement basis to eligible investors and is subject to in-principle approval from BSE Limited and other necessary regulatory approvals. The bank also approved the draft General Information Document and Key Information Document for the issuance.

Utkarsh Small Finance Bank Ltd has been assigned an ESG score of '63' by ESG Risk Assessments and Insights Limited. This score is based on publicly available information and was voluntarily assigned. The bank received this information on August 20, 2026. The disclosure is in compliance with SEBI Listing Regulations and relevant circulars. The bank will also make this information available on its official website, www.utkarsh.bank.in.

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.

Utkarsh Small Finance Bank Ltd has been assigned an Environmental, Social, and Governance (ESG) score of 71.80 by SES ESG Research Private Limited. This score is based on publicly available information and was voluntarily assigned by the research firm. The bank received this information on August 16, 2026. The disclosure is in compliance with SEBI Listing Regulations and a relevant SEBI circular. The bank will also make this information available on its official website, www.utkarsh.bank.in, for public access and records.

Utkarsh Small Finance Bank announced its unaudited financial results for the quarter ended June 30, 2026. The bank reported a net loss of ₹34 crore, an 86% reduction from the ₹239 crore loss in the same quarter last year. Disbursements grew by 48.5% YoY, with non-JLG disbursements surging by 92.9%. The Gross Loan Portfolio increased by 2.0% YoY to ₹19,610 crore, with secured lending now forming 51% of the portfolio. Deposits grew 2.6% YoY to ₹22,054 crore, and the CASA ratio improved to 22%. Cost of Funds decreased by 40 bps YoY to 7.7%, leading to a Net Interest Margin (NIM) expansion of 20 bps YoY to 6.1%. Gross Non-Performing Assets (GNPA) improved significantly by 550 bps YoY to 5.9%, and credit cost reduced by 620 bps YoY to 2.3%. The bank operates across 27 states and UTs with 1,110 branches.