Utkarsh Small Finance Bank to Consider Amendment of Terms for ₹195 Crore Lower Tier II Bonds
Utkarsh Small Finance Bank Ltd is scheduled to review the execution of a supplementary debenture trust deed to modify the terms and conditions of its existing Rated, Listed, Unsecured, Redeemable, Lower Tier II Bonds.The bank will deliberate on the proposal during a Board Committee meeting scheduled for Tuesday, July 21, 2026. The primary objective of the proposed Supplementary Deed is to amend specific provisions governing the bonds, specifically those pertaining to the Call Option Date, the exercise of call options by the Bank, and the early redemption of the debentures.
The proposed amendments are being structured in alignment with approval received from the Reserve Bank of India. The execution of this deed remains subject to necessary approvals as required under applicable laws.
Instrument Details
The modification pertains to bonds issued under ISIN INE735W08038, which were originally governed by a Debenture Trust Deed dated June 26, 2020, between the Bank and IDBI Trusteeship Services Limited.| Feature | Details |
|---|---|
| Instrument Type | Rated, Listed, Unsecured, Redeemable, Lower Tier II Bonds |
| Aggregate Amount | ₹195 crore |
| ISIN | INE735W08038 |
| Debenture Trustee | IDBI Trusteeship Services Limited |
| Key Modification Areas | Call Option Date, Exercise of Call Option, Early Redemption |
UTKARSHBNK Stock Price Movement
Utkarsh Small Finance Bank Limited shares today slipped by 0.07% to settle at ₹14.96. The stock saw a total volume of 3.11 million shares traded during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.