Date: September 30, 2026
Board Meeting Outcomes
- The authorised Management Committee of the Bank approved a proposal for sale of stressed unsecured loans pool comprising Non-Performing Assets (NPAs) and written-off loans to a Non-Banking Financial Company (NBFC)
- Meeting was held on September 30, 2026
- Disclosure made pursuant to Regulations 30 and 51 read with Schedule III of SEBI Listing Regulations
Disinvestment / Strategic Actions
- Nature of Assets: Pool - Portfolio of Stressed Unsecured Loans
- Aggregate Principal Outstanding as on August 31, 2026: Up to ₹75.16 Crore
- Consideration: ₹15.50 crore
- Buyer: Non-Banking Financial Company (NBFC) [specific entity not named]
- Asset Type: Non-Performing Assets (NPAs) and written-off loans
- Strategic Purpose: Balance sheet cleanup through sale of stressed assets
Compliance & Disclosure
- Regulatory Basis: SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Specific Regulations: Regulations 30 and 51 with Schedule III
- Disclosure also available on bank's website: www.utkarsh.bank.in