Change in Management

Utkarsh Small Finance Bank's board has approved the issuance of unsecured, subordinated, redeemable Tier II bonds aggregating up to ₹500 crore on a private placement basis. This decision aims to enhance the bank's additional Tier II capital, subject to necessary regulatory approvals. Concurrently, Mr. Sarjukumar Pravin Simaria will transition from his role as Chief Financial Officer to a Whole Time Director (Executive Director) for a three-year term, effective June 22, 2026, following RBI approval. This strategic internal re-designation ensures leadership continuity while strengthening the bank's capital structure for future growth.