₹23.72
1.02 (4.49%) - 8 Apr 2025 04:25 PMUtkarsh Small Finance Bank Limited is engaged in providing banking and financial services. It is an SFB in India and recorded the fastest Gross Loan Portfolio. Its Promoter, Utkarsh CoreInvest, commenced its operations as a NBFC in Fiscal 2010 and was focused on providing microfinance to unserved and underserved segments and in particular in the states of Uttar Pradesh and Bihar. Its headquarters located in Varanasi, Uttar Pradesh and has over the years expanded its SFB operations strategically in States where it have been able to leverage the prior microfinance experience of Utkarsh CoreInvest. On October 7, 2015, Utkarsh CoreInvest received the RBI In-Principle Approval to establish an SFB, following which it incorporated Utkarsh Small Finance Bank as a wholly-owned subsidiary on April 30, 2016. Subsequent to it obtaining the RBI Licence on November 25, 2016, to establish and carry-on business as an SFB, Utkarsh CoreInvest Limited transferred its business of providing microfinance, as a going concern to its Bank, which commenced its operations from January 23, 2017. It was included in the second schedule to the RBI Act as a scheduled commercial bank pursuant to a notification dated October 4, 2017 issued by the RBI and published in the Gazette of India (Part III - Section 4) dated November 7, 2017.
Industry - Bank - Private
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