Utkarsh Small Finance Bank has raised Rs 105 crore through the allotment of 10,500 Rated, Listed, Unsecured, Subordinated, Redeemable, Lower Tier II Bonds in the form of Non-Convertible Debentures (NCDs) of face value of Rs 1,00,000 each, at the coupon rate of 10.90% per annum, payable quarterly. Capital Structuring & Fund Raise Committee (CSFRC) of the Board of Directors of the bank has on November 27, 2024 approved allotment of the same.
Utkarsh Small Finance Bank is engaged in providing banking and financial services.
