Utkarsh Small Finance Bank Share Price in Focus; To Raise Up To ₹300 Crore Through NCDs

Utkarsh Small Finance Bank's Capital Structuring & Fund Raise Committee cleared the NCD issue on September 11, 2026. The bonds will be offered to eligible investors through private placement.  

The bank plans to issue up to 30,000 NCDs, with each carrying a face value of ₹1 lakh. It will seek approval from BSE to list the bonds on its Wholesale Debt Market segment.  

₹200 Crore Base Issue 

The NCD issue will start at ₹200 crore, while the bank can raise another ₹100 crore through the green shoe option. The NCDs will be issued in one or more tranches.  

The bonds will be unsecured and subordinated. This means investors will not have any specific assets of the bank as security against the NCDs.   

Interest Rate of Up To 11.75% 

The NCDs will run for seven years from the deemed date of allotment. The interest rate can be as high as 11.75% a year, with payments made every quarter.  

Utkarsh Small Finance Bank has also authorised an application to BSE for in-principle approval for listing the NCDs. The issue will be subject to the required regulatory and other approvals.   

Bank Had Earlier Planned ₹500 Crore Fundraise 

The latest NCD issue follows the bank's June decision to raise up to ₹500 crore through Tier II bonds during FY27.  

The September 11 approval is for the new NCD issue of up to ₹300 crore. The bank will now move ahead with the required listing and regulatory process.  

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Utkarsh Small Finance Bank Share Price Performance 

As of September 11, 2026, at 2:22 PM, Utkarsh Small Finance Bank share price was trading at ₹14.54 per share, reflecting a decline of 1.76% from the previous trading session. 

Conclusion 

Utkarsh Small Finance Bank is looking to raise upto ₹300 crore through NCDs with a ₹200 crore base issue and ₹100 crore green shoe option. The seven-year bonds can carry interest of up to 11.75% a year payable every quarter. 

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Investments in the securities market are subject to market risks, read all the related documents carefully before investing.