FilingReader Intelligence
Utkarsh Bank's tier II bonds downgraded by CARE
August 13, 2025 at 07:40 AM UTC•By FilingReader AI
Utkarsh Small Finance Bank's tier II bonds worth INR 215 crore have been downgraded by CARE Ratings from CARE A+; Negative to CARE A; Stable.
CARE cited "deterioration of Bank's asset quality and profitability" as the reason for downgrading the two bond tranches of INR 15 crore and INR 200 crore respectively.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
BSE:UTKARSHBNK•Bombay Stock Exchange
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