Utkarsh Small Finance Bank Credit Rating
Utkarsh Small Finance Bank received a 'CARE A-; Stable' credit rating for proposed Tier II bonds and a reaffirmation for its existing Tier II bonds.
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Utkarsh Small Finance Bank received a 'CARE A-; Stable' credit rating for proposed Tier II bonds and a reaffirmation for its existing Tier II bonds.
Care Ratings downgraded Utkarsh Small Finance Bank's subordinated debt rating to CARE A-; Stable from CARE A; Negative. The revision reflects weakened profitability and asset quality stress.
Utkarsh Small Finance Bank disclosed ICRA's downgrade of its subordinated debt and CD ratings. The action cites weak asset quality and earnings profile as key factors.