- Founded: 2009
- Promoter: Utkarsh CoreInvest Limited (formerly known as Utkarsh Microfinance)
- Headquarters: Lucknow, Uttar Pradesh
- Licensed by: Reserve Bank of India (RBI)
- Products and services: Savings accounts, fixed deposits, loans, insurance, microfinance
- Employees: Over 10,000
- Customer base: Over 15 lakh
- Branches: Over 400
- Website: https://www.utkarsh.bank/
Utkarsh Small Finance Bank is a relatively young bank, but it has grown rapidly in recent years. The bank has a strong focus on microfinance, and it provides loans to small businesses and individuals in rural and semi-urban areas. Utkarsh Small Finance Bank is also expanding its branch network, and it is planning to launch new products and services in the coming years.
The bank has a good track record of financial performance. In 2022, Utkarsh Small Finance Bank reported a net profit of ₹240 crore ($30 million). The bank’s gross non-performing assets (NPAs) were 1.1%, which is well below the industry average.
Utkarsh Small Finance Bank is well-positioned to grow in the coming years. The bank has a strong brand name, a loyal customer base, and a deep understanding of the microfinance market. The bank is also benefiting from the growth of the Indian economy, which is creating new opportunities for small businesses and individuals.
If you are looking for a bank that can provide you with affordable financial services, Utkarsh Small Finance Bank is a good option. The bank has a wide range of products and services, and it is committed to providing excellent customer service.