Utkarsh SFB Approves ₹300 Crore Tier II Bond Issuance
Utkarsh Small Finance Bank's CSFRC approved issuing up to ₹300 crore in Tier II NCDs. The bonds have a face value of ₹1 lakh, a tenure of seven years, and an interest rate of up to 11.75% payable quarterly. The issuance is on a private placement basis and will be listed on BSE.
The fundraising of ₹300 crore will strengthen the bank's capital base, supporting its lending activities and overall financial health. This is a significant amount for a small finance bank.
The company is raising capital through debt, which is a positive development for its growth and financial flexibility.
Utkarsh Small Finance Bank Limited (Utkarsh SFB) has announced the outcome of its Capital Structuring & Fund Raise Committee (CSFRC) meeting held on September 11, 2026. The committee 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 on a private placement basis to eligible investors, in one or more tranches. The total size of the issue is up to ₹300 crore, comprising a base issue of ₹200 crore and a green shoe option of up to ₹100 crore. Each NCD will have a face value of ₹1,00,000 (Rupees One Lakh only).
The NCDs are proposed to be listed on the Wholesale Debt Market segment of BSE Limited. The tenure of the instrument is seven years from the deemed date of allotment, with interest payable quarterly at a rate of up to 11.75% per annum. The meeting commenced at 9:30 a.m. (IST) and concluded at 10:45 a.m. (IST). This disclosure is also available on the bank's website.
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Utkarsh Small Finance Bank Limited filed this with the NSE as a statutory disclosure, categorised under debt fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Utkarsh Small Finance Bank Limited. Read the original for the full detail.