Utkarsh Small Finance Bank (SFB) plans to raise Rs 500 crore through an issue of fresh equity to augment the capital base. The promoter Utkarsh CoreInvest’s stake will fall to 69.3% after the IPO from 84.8%. The company has shown strong growth in the loan book, deposits and improvement in net interest income (NII), net interest margin (NIM) and return on assets (RoA) over the past three years. Its asset quality has also been improving after taking a hit during the pandemic
