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From ICRA

Utkarsh Small Finance Bank receives downgrade in rating of subordinated debt

12-Aug-2025, 06:53
Utkarsh Small Finance Bank has been assigned credit ratings by ICRA as under:

Subordinated debt (Rs 400 crore) - ICRA A; Negative (downgraded from ICRA A+; Negative)

Certificate of deposits (Rs 1000 crore) - ICRA A1+ (reaffirmed)