Utkarsh Small Finance Bank's amalgamation scheme progresses

Utkarsh Small Finance Bank is moving forward with its proposed Scheme of Amalgamation with Utkarsh CoreInvest Limited, having secured observation letters from both the BSE Limited and the National Stock Exchange of India (NSE). These letters, received in July 2025, indicate "no adverse observations" and "no objection" from the respective exchanges. The Bank initially announced the proposed amalgamation in September 2024, followed by Reserve Bank of India ("RBI") "no-objection" to the proposal in January 2025, subject to regulatory requirements. While these approvals mark a significant step, the Scheme remains subject to other applicable statutory and regulatory approvals. The bank has confirmed that information pertaining to the above is available on their website www.utkarsh.bank.