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Utkarsh Small Finance Bank Limited ( (IN:UTKARSHBNK) ) has provided an update.
Utkarsh Small Finance Bank Limited has announced a proposed rights issue of equity shares to raise funds. The bank has filed the necessary applications with stock exchanges for comments and in-principle listing approval. This move is part of the bank’s strategy to enhance its capital base and comply with regulatory requirements, potentially impacting its market positioning and shareholder value.
More about Utkarsh Small Finance Bank Limited
Utkarsh Small Finance Bank Limited, incorporated in Varanasi, Uttar Pradesh in 2016, operates as a small finance bank. It was established under the Companies Act, 2013, and received its final approval from the Reserve Bank of India (RBI) in 2016. The bank commenced its operations in 2017 and is listed on both the BSE and NSE. Utkarsh Core Invest Limited is the promoter of the bank.
Average Trading Volume: 191,316
Technical Sentiment Signal: Sell
Current Market Cap: 23.97B INR
See more insights into UTKARSHBNK stock on TipRanks’ Stock Analysis page.