Utkarsh Small Finance Bank Ltd
NSE: UTKARSHBNK BSE: 543942
₹12.55
(-0.95%)
Wed, 18 Mar 2026, 00:57 am
Market Cap22.53B
PE Ratio0
Dividend0
Finance
Regional Banks
24.5KCompany History
2015
- The Promoter was granted the RBI In-Principle Approval to establish an SFB on October 7, 2015.
2016
- The Bank was incorporated as ÂUtkarsh Small Finance Bank Limited on April 30, 2016 at Varanasi, Uttar Pradesh, as a public limited company under the Companies Act, 2013 and was granted a certificate of incorporation by the Registrar of Companies, Central Registration Centre.
- The Bank was granted the RBI Licence to carry on business as an SFB on November 25, 2016.
2017
- Commenced the banking operations
- Launched the mobile banking and internet banking facilities
- The Bank was included in the second schedule to the RBI Act pursuant to a notification bearing no. DBR.NBD.(SFB-UMFL).No.2689/16.13.216/2017-2018 dated October 4, 2017 issued by the RBI and published in the Gazette of India (Part III - Section 4) dated November 7, 2017.
- The Bank commenced its business operations on January 23, 2017.
2018
- Launched the wholesale lending business and personal loans
- Launched the asset business through business correspondents
- The deposit base crossed Rs. 20,000 million
- The gross advances crossed Rs. 30,000 million
- Launched bancassurance business with partners
- Increase in savings accounts and active loan clients to over 200,000 and 2,000,000 respectively
- Launched bill payment services
2019
- Launched cashless disbursements for microfinance loans
- Conversion of microfinance branches to Banking Outlets
2020
- The deposit base crossed Rs. 50,000 million
- We crossed 500 banking outlets
- Launched micro-banking business and two-wheeler loans
- The customer base crossed 2.50 million
2021
- Launched digital on-boarding of accounts
- Launched non-fund based facility and working capital loans
2022
- Opened branches in Andhra Pradesh, Tamil Nadu, Karnataka and Kerala
- Launch of green PIN initiative at Micro ATMs as replacement for physical PIN mailers
- Launch of white label payment gateway
- Launch of collection current account and escrow bank account products
- Launch of Utkarsh UPI application
- We reached 686 banking outlets
- Crossed one million debit card issuances
- Appointed as corporate agent by Bharti AXA Life Insurance Company Limited, Kotak Mahindra General Insurance Company Limited and Aditya Birla Health Insurance Company Limited for soliciting insurance policies
- Launched brown label ATM services
- On-boarded Finnable Technologies Private Limited as a business correspondent
- Launched Atal Pension Yojana at the Bank
- The deposit base crossed Rs. 100,000 million
- Shifting of registered office to Utkarsh Tower, NH Â 31 (Airport Road), Sehmalpur, Kazi Sarai, Harhua, Varanasi, 221 105, Uttar Pradesh, India, a property owned by the Bank
- Utkarsh Launched USFB by Prime Minister of India.
2023
- Crossed 800,000 customers on-boarded through digital onboarding
- Launched ÂUtkarsh Gold LoanÂ, a secured gold loan product
- Launched UPI-LITE Â on-device wallet functionality for UPI users
- On-boarded Moneyboxx Finance Limited as a business correspondent
- Appointed as corporate agent by Future Generali India Insurance Company Limited
- Launched facility for cashless disbursement of JLG loan to clients
- Launched facility for cashless collection of JLG loan instalments
- Partnership with ICICI Securities Limited for 3-in-1 accounts comprising demat, online trading and savings account
- Empanelment by Government of Chhattisgarh for deposit of government amounts in commercial banks
- Empanelment by Government of Maharashtra for disbursement of salary and allowances to government employees and for providing pension to pensioners
- Utkarsh Small Finance Bank Ltd expands its presence in the state of Madhya Pradesh.
2024
- Utkarsh Small Finance Bank Celebrates 7yrs of Success.
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