Utkarsh Small Finance Bank approved a scheme to amalgamate with Utkarsh CoreInvest Limited, with a share exchange ratio of 699 shares of Utkarsh Small Finance Bank for every 100 shares of Utkarsh CoreInvest, subject to regulatory approvals and conditions. Additionally, they approved raising up to Rs. 200 crores through Tier II Capital issuance and appointed Mr. Pramod Kumar Dubey as Whole Time Director for three years, pending shareholder approval.