Credit Rating

July 02, 2026 BSE Limited National Stock Exchange of India Limited Scrip Code: 543942, 975790, 959644, Symbol: UTKARSHBNK 976203 Dear Sir/Madam, Sub: Intimation of Credit Rating under Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) Pursuant to Regulation 30, 51, 55 and other applicable regulations read with Schedule III of SEBI Listing Regulations, please find below the details of credit rating assigned by the rating agency i.e. ICRA Limited (“ICRA”): Rated Rated Amount Rating Action Rationale Instrument (Rs. in crore) Subordinated 400 [ICRA]A- (Stable); rating The rating revision debt downgraded from factors in the weak [ICRA]A (Negative) and Bank’s asset quality outlook revised to Stable and earnings profile, from Negative basis the financial Certificate of 1000 [ICRA]A1; downgraded results as on March Deposit from [ICRA]A1+ 31, 2026. The detailed rationale provided by the ICRA can be accessed at the below link: https://www.icra.in The disclosure will also be available on the Bank’s website at www.utkarsh.bank.in. This is for your information and records. Yours faithfully, For Utkarsh Small Finance Bank Limited Muthiah Ganapathy Company Secretary & Compliance Officer