Utkarsh Small Finance Bank Limited (Utkarsh SFBL) announces the inauguration of 18 new banking outlets across India in celebration of its 15th Foundation Day.
This expansion brings the total number of (Utkarsh SFBL) banking outlets to 966, across the country.
The new banking outlets are strategically located to enhance the bank’s reach across various states, Bihar- 4 outlets, Himachal Pradesh-1 outlet, Jharkhand- 2 outlets, Kerala- 2 outlets, Madhya Pradesh-3 outlets, Maharashtra-1 outlet, Odisha- 2 outlets, Uttar Pradesh- 2 outlets and Uttarakhand- 1 outlet.
Commenting on the expansion, Parveen Kumar Gupta, Chairman, Utkarsh Small Finance Bank Limited, said, “The inauguration of these new banking outlets on our Foundation Day is a significant step towards our vision of financial inclusion. We remain committed to expanding our footprint and providing innovative and customer-centric banking solutions that empower every individual and community we serve.”
Reflecting on the Bank’s journey, Govind Singh, MD & CEO, Utkarsh Small Finance Bank Limited, remarked, “From our inception of Utkarsh CoreInvest Limited to becoming Utkarsh Small Finance Bank, the past years have been a great journey of growth, learning, and commitment.”
Further, he said, as we celebrate our 15th Foundation Day, the opening of these 18 new banking outlets demonstrates our ongoing commitment to bringing accessible and inclusive banking services to every corner of India. This milestone reflects our sustained efforts to empower communities and drive economic growth across the nation.
The Bank is in a position to provide an array of financial products and services to its customers, which includes savings and current accounts, fixed deposits and recurring deposits. To cater to the aspirations of its customers, the Bank offers various loan products such as housing loans, business loans and loans against property.
With its banking outlet infrastructure, digital banking capabilities and ATM network, the Bank offers integrated customer service. Apart from this, the Bank offers multiple channels such as Internet banking, Mobile banking, Unified Payment Interface (UPI) and Call Centre.
Utkarsh SFBL aims to provide financial services to underserved and unserved customer segments while serving other segments of society including micro-banking loans (JLG loans), MSME loans, housing loans and loans against property amongst others. Also, the Bank provides a facility to customers for opening a bank account without having to visit the branch through the tablet-based application-assisted model, “Digi On-Boarding”.
About Utkarsh Small Finance Bank Limited
Utkarsh Small Finance Bank Limited (Utkarsh SFBL), incorporated on April 30, 2016, is engaged in providing banking and financial services with a focus on providing microfinance to the underserved and unserved segments. The Bank’s micro-banking operations are focused in rural and semi-urban locations of the country while its general banking operations are spread across the country.
The Bank commenced its operations on January 23, 2017, under the small finance banking license granted by the Reserve Bank of India on November 25, 2016.
The Bank extends microfinance loans based on the Joint Liability Group (JLG) model to individuals, other retail asset loans including Micro, Small and Medium Enterprise (MSME) Loans, Housing Loans (HL), Personal Loans, Commercial Vehicle Loans, Construction Equipment Loans and Wholesale Lending to borrowers.
The Bank offers a slew of digital services such as internet and mobile banking, Digi On-Boarding, UPI and an online account opening facility for clients, besides a range of ATMs and Micro ATMs for ease of transactions, amongst others. The Bank is headquartered in Varanasi, Uttar Pradesh.
