Utkarsh Small Finance Bank
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Utkarsh Small Finance Bank

https://www.utkarsh.bank/
Last activity: 01.05.2024
Categories: EnterpriseFinTechHealthTechInsurTechInvestmentITProviderServiceTechnologyTime
We are a proud solitary Small Finance Bank from Varanasi. In today's time where technology is reshaping the world, we aim to encourage people excluded from the formal banking sector until now to start banking. We strive to provide process centric, technology enabled and people oriented services, resulting in reliable, scalable and sustainable institution facilitating socioeconomic change. We were initially established as Utkarsh Micro Finance in 2009 with the objective of 'Ummeed' - giving hope to customers fulfilling their dreams and needs. Our efforts of promoting a better financial wellbeing and becoming the most trusted financial service provider, has been acknowledged by our honourable Prime Minister Narendra Modi, wholaunched Full Banking Services of Utkarsh Small Finance Bank on 22nd September 2017. Over the years we have been awarded with Skoch (Gold) -2016 Award for Inclusive Insurance, CIMSME's MSME Banking Excellence Award, Mix STAR (Socially Transparent And Responsible) Award and Microfinance India Organisation of the Year (Small and Medium Category) Award in 2011. As of today, we boost a Customer Base of more than 15 Lakh satisfied customers with more than 400 Banking Outlets spread across 112 Districts of 11 States. We also have an initiative called Utkarsh Welfare Foundation which works in the areas of Financial Literacy and Inclusion apart from Health Initiatives.
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Location: Spain, Galicia, Lugo
Employees: 5001-10000
Founded date: 2009

Investors 1

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-British In...bii.co.uk

Mentions in press and media 8

DateTitleDescription
01.05.2024Top 4 credit card issuers lose market share in FY24MUMBAI The top 4 credit card issuers of the country saw a decline in their market share during FY24, both in terms of monthly card spends and total cards outstanding, according to data by the Reserve Bank of India. The market share of the t...
26.04.2024RBI lays out a roadmap for voluntary transition of small finance banks to universal banksThe Reserve Bank of India on Friday laid out a roadmap for the voluntary transition of small finance banks (SFBs) to universal banks, prescribing criteria such as minimum net worth of ₹1,000 crore, net profit in the last two financial years...
24.04.2024Lendingkart Ropes In Former Paytm Payments Bank Executive Mukund Barsagade As Group CFOSUMMARY In the new role, Barsagade will lead the finance, capital markets, legal, and secretarial functions, playing a pivotal role in shaping the company’s next growth phase Prior to Paytm, Barsagade was the CFO at Utkarsh Small Finance Ba...
19.03.2024Smallcap stocks unlikely to enter the bear market soon, shows dataThe Nifty Smallcap 100 index has declined 12.6 per cent from its peak in February. A fall of more than 20 per cent is seen as a bear phase. However, ICICI Securities (ISec) analysts don’t expect the correction to deepen much. “Empirical evi...
07.03.2024CBI raids 67 locations in UCO Bank’s IMPS transaction fraudThe Central Bureau of Investigation (CBI) has conducted another round of searches at 67 locations in seven cities in Rajasthan and Maharashtra to probe suspicious Immediate Payment Service (IMPS) transactions amounting to approximately ₹820...
12.07.2023Utkarsh Small Finance Bank's Subscription Opens Today USFB is aiming to raise INR 500 crore through its IPO and will get listed on the BSE. The IPO will consist fully of fresh issues with a face value...-
11.07.2023Utkarsh Small Finance Bank raises Rs 222 crore from anchor investorsUtkarsh Small Finance Bank (SFB) on Tuesday allotted sha­res worth Rs. 222 crore to anchor investors. A total of 89.1 million shares at Rs. 25 apiece were allotted. Some investors who got an allotment in the anchor category incl­ude Goldman...
25.10.2022Utkarsh Small Finance Bank gets Sebi's go ahead to float Rs 500-crore IPOUtkarsh Small Finance Bank has received capital markets regulator Sebi's go ahead to raise Rs 500-crore through an Initial Public Offering (IPO). The Varanasi-headquartered Small Finance Bank’s (SFB) IPO is a complete fresh issue of shares ...

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