Utkarsh Small Finance Bank will raise funds via the rights issue (Photo source: Utkarsh Small Finance Bank website) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Utkarsh Small Finance Bank Ltd received approval to raise up to Rs 950 crore via rights issue from its board of directors on Wednesday, according to an exchange filing on BSE.

"The Board of Directors of the Bank, at its meeting held today, i.e. Oct. 01, 2025, has inter alia, considered and approved the issuance of equity shares of the Bank for an amount not exceeding Rs 950 crore by way of a rights issue to the eligible equity shareholders of the Bank, their respective renouncee(s) and the specific investor(s), if any, as on the record date", the filing stated.

The company further informed that the details of

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