Utkarsh Small Finance Bank’s Credit Ratings Adjusted by ICRA; Key Instruments Downgraded
Utkarsh Small Finance Bank Ltd has seen credit rating adjustments from ICRA Limited concerning its principal instruments, according to recent updates. The ratings reflected changes across the bank's subordinated debt and certificates of deposit.The rating agency provided detailed insights into the revisions, citing aspects of the Bank’s financial performance and asset quality profile as parameters for the change.
A summary of the rated instruments and their associated rating actions is presented below:
| Rated Instrument | Rated Amount (Rs. in crore) | Current Rating | Previous Rating/Outlook |
|---|---|---|---|
| Subordinated debt | 400 | [ICRA]A- (Stable) | Downgraded from [ICRA]A; Outlook revised to Stable from Negative |
| Certificate of Deposit | 1000 | [ICRA]A1 | Downgraded from [ICRA]A1+ |
The revision for the subordinated debt involved a downgrade and an outlook change, with ICRA noting that the rating revisions factor in the weak asset quality and earnings profile of the Bank as evaluated based on financial results up to March 31, 2026.
UTKARSHBNK Stock Price Movement
Today, Utkarsh Small Finance Bank Limited settled higher at ₹15.14, after surging 2.02% from its previous close. The stock saw active trading in the post-market session, with a total volume of 38.70 million shares changing hands today.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.
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