Utkarsh Small Finance Bank Limited — Board Meeting, 26-02-2025: Outcome of Board Meeting

Utkarsh Small Finance Bank has announced a board meeting outcome that includes the approval for raising funds through the issuance of equity shares worth up to ₹750 crore. This will be achieved via a combination of Qualified Institutions Placements, preferential issues, private placements, and further public offers, subject to shareholder approval through a postal ballot. The meeting also included a notice for the postal ballot seeking shareholders' consent for these actions. These steps indicate the bank's strategic move to strengthen its capital position.