Utkarsh Small Financ News

Business updates for the quarter ended June 2024

Compliance certificate for the quarter ended June 2024

Business Responsibility and Sustainability report for FY 23-24

Intimation for Closure of Trading Window

Copy of AGM Notice Newspaper Publication

Eight Annual General Meeting for FY 23-24

Annual Report for FY 23-24

Allotment of Non - Convertible Debentures

Newspaper advertisement of pre-dispatch of Notice of Eight Annual General Meeting for FY 23-24

The increase in credit costs has been an issue which has been bothering banks, some more, some less. Even the chairman of India’s largest bank had to come out and give a statement regarding it. However the question arises when these headwinds which are periodic in nature and part of the business cycle hits any sector what should be done. Should one move out of the sector? Should one continue to stay invested or should one buy more of the stock of that sector. The answer is dependent on one simple factor which is how large is the opportunity which that sector has. If the answer is that the opportunity is very large, then probably, it is the second and third option which one may look at. Probably in case of small finance banks, which are today reeling under the pressure due to guidance by one bank fit the bill. These banks are no stranger to dealing with challenges since the time they were born. Challenges thrown by regulatory tightening and economic cycles.

Outcome of Investor / Analyst call

Earn FD interest rate up to 9.50%: Banks offer higher interest rates to senior citizen customers on fixed deposits than to general citizens.

Intimation of Investor meet

Outcome of the Postal ballot

Outcome of Board meeting held today

Record date for final dividend FY 23-24

Intimation under Regulation 30

Intimation under regulation 30 under Security and Exchange board of India (LODR-2015) (Sebi listing regulation) amendment to Memorandum and Article of association of listed regulation

Utkarsh Small Finance Bank Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 15/06/2024 ,inter alia, to consider and approve To consider the proposal for increase in Authorized Share Capital of the Bank and consequent alteration to the Memorandum of Association of the Bank.

Allotment of ESOP

Many banks have revised their fixed deposit interest rate in the month of May. These banks include SBI, DCB Bank, IDFC FIRST Bank, Utkarsh Small Finance Bank, City Union Bank, RBL, Capital Bank Small Finance Bank.

Allotment of ESOP

Annual Secretarial Compliance report for the year ended March 31, 2024

Newspaper publication of Notice of Postal ballot

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In May 2024, many banks, including Utkarsh Small Finance Bank (SFB), City Union Bank, RBL Bank, and Capital Small Finance Bank, revised their fixed deposit interest rates. Here is a list of banks and their revised FD rates in May, with the highest interest rates and tenures.

Utkarsh Small Finance Bank has revised the interest rate on fixed deposits (FDs). The revised fixed deposit interest rate will be effective from May 1, 2024. The updated rates apply to both new fixed deposits and renewals.

Transcript of the earnings call held on April 26, 2024

Utkarsh Small Finance Bank Ltd., incorporated in the year 2016, is a banking company (having a market cap of Rs 6430.24 Crore).

The fixed deposit interest rates given by small finance banks, are higher. There are some small finance banks that are offering up to 9% interest on FDs. Book these FD now before the rates start to drop. Read here to know the FD rates offered by the small finance banks in India.

Audio recording of the Earnings call for the quarter and year ended March 31, 2024

Newspaper publication of financial results of the quarter and year ended March 31, 2024

The net profit was Rs 134 crore in the year-ago period. Its operating profit was 35% higher at Rs 282 crore against Rs 208 crore in the year-ago quarter, supported by a 32% rise in net interest income at Rs 540 crore.

Outcome of the Board Meeting

Press Release

Investor Presentation March 2024

Approval of final dividend

Results cum outcome

Results - March 2024

Allotment under ESOP