Utkarsh Small Finance Banks board approved the amalgamation with Utkarsh CoreInvest Limited, requiring various regulatory approvals and setting a share exchange ratio of 699 shares of USFBL for every 100 shares of UCL, along with plans to raise up to Rs. 200 crores through Tier II Capital. Additionally, the appointment of Mr. Pramod Kumar Dubey as Whole Time Director was approved, subject to shareholder approval.