Utkarsh Small Finance Bank is currently preparing for a significant financial move. As of September 20, 2024, the bank has approved a ₹200 crore fundraise through the issuance of Non-Convertible Debentures (NCDs). This issuance will strengthen its Tier II capital base, enabling the bank to support its future growth plans and meet regulatory requirements. This step aligns with the bank’s strategy to expand its operations and solidify its financial position in the market​(
Business Upturn
)​(
Capital Market
).