No deviation in use of Rs. 300 crores NCD proceeds raised on September 25, 2026
Utkarsh Small Finance Bank raised Rs. 300 crores through non-convertible debentures issued on a private placement basis on September 25, 2026.
By ScoutQuest · · 2 min read
- Amount Raised (NCD, private placement)
- Rs. 300 crores
- Date of Raising Funds
- September 25, 2026
- Allocation vs Utilisation (in crores)
- Original allocation: 300; Funds utilised: 300; no deviation or variation
Headline
The bank has shared its quarterly statement showing how it used the money raised from non-convertible debentures (NCDs) sold on a private placement basis — that is, sold to a select set of institutional investors rather than to the public.
What was raised
- Mode of fund raising: Issue of Non-Convertible Debentures on private placement basis
- Amount raised: Rs. 300 crores
- Date of raising funds: September 25, 2026
- Original object: augmenting lower Tier II capital, to strengthen capital adequacy and enhance long-term resources
The statement for the quarter ended September 30, 2026
- Is there a deviation or variation in use of funds raised: No
- Original allocation: 300 (in crores)
- Funds utilised: 300 (in crores)
- Amount of deviation or variation for the quarter: Not Applicable
- Audit Committee comments after review: NIL
- The proceeds have been utilised in line with the objects of the issue as stated in the Key Information Document
The bank also states that the proceeds of the issue shall be utilised for its regular business activities.
Why this is shared
Listed companies that raise money through NCDs must report each quarter whether the money was used for the purpose stated at the time of raising it, and whether the amount actually spent matches what was planned. A "deviation" would mean a change in the objects or a shortfall in utilisation.
What a reader can take away
- The full Rs. 300 crores raised is shown as utilised against the stated object, so the amount allocated and the amount used match.
- The stated use is capital-related — lower Tier II capital — which is the layer of capital that supports a bank's capital adequacy and long-term funding base.
- No change in the objects of the issue is reported, and the Audit Committee recorded no comments.
- This is a periodic utilisation statement, not a new fund raise or a fresh capital announcement.
Also from Utkarsh Small Finance Bank
Utkarsh Small Finance Bank Q2 & H1 FY27: loss narrows, GNPA falls to 5.9%
3 Nov 2026
Utkarsh Small Finance Bank Q2 FY27: gross NPAs fall to 5.9%, pre-provision operating profit ₹85 crore
3 Nov 2026
Board approves Q2/H1 results; auditors' review unmodified; PAT line shows loss of Rs 6,985.22 lakh
3 Nov 2026
More numbers
- Amount raised through NCDs on private placementRs. 300 crores
- Original allocation for augmenting lower Tier II capital300
- Funds utilised300
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