Shares of Utkarsh Small Finance Bank surged 15 percent intraday after the lender announced a ₹949 crore rights issue priced at ₹14 per share. The bank allotted 5.7 crore shares to Madhusudan Kela’s investment fund, signaling strong institutional confidence ahead of Q3 earnings. Management said proceeds will bolster Tier-1 capital adequacy and expand the microfinance portfolio. Analysts noted this issue strengthens capital buffers amid growing rural credit demand. Market experts expect sustained momentum as investor interest in small finance lenders continues to accelerate.