Utkarsh Small Finance Bank Limited Unlisted Shares Details:

About Utkarsh Small Finance Bank Limited:

Utkarsh Coreinvest Limited (erstwhile Utkarsh Micro Finance Limited) is the promoting institution for ‘Utkarsh Small Finance Bank’. Utkarsh Micro Finance Limited has started its operations way back in September 2009 to provide Financial and Non – Financial services in its area of operations to the unbacked population who have the skill but are in need of capital.

The Micro Finance Business was converted into a Bank which started his journey with its incorporation on 30^th April, 2016. The Bank applied for a Banking Licence to RBI and Subsequently, the final licences was received from RBI on 25 November, 2016.

Terms and conditions of the license issued to Utkarsh Small Finance Bank Ltd to commence small bank business stipulate amongst others that the promoting entity (Utkarsh Micro Finance Limited) of the small finance bank shall be registered as an NBFC – Core Investment Company after the transfer of its business to the bank.

In line with the conditions to the final license, the existing businesses of the Holding Company, Utkarsh Micro Finance Limited was transferred through a Business Transfer Agreement (BTA) as at the close of business hours on 21^st January, 2017, to “Utkarsh Small Finance Bank”. The bank started operations with 5 new branches on 23^rd January, 2017, and with effect from 3^rd May, 2018, Reserve Bank of India issued a certificate for the conversation of the Utkarsh Micro Finance Limited company from NBFC – MFI – ND – SI to NBFC – CIC – ND – SI (Non – Deposit taking – Systemically Important Core Investment Company).

The holding company has provided a strong base for starting the Bank with the capacity and capability to understand the needs of society at large in this geographical belt. The Bank had 5 Banking branches, 23 MSME Loan offices, 3 Housing Loan offices, and 350 Micro – Finance Branches as at the close of business on 31^st March, 2017.

Now as of 31^st March, 2019, the Bank has operations in 139 Districts across 11 States of Bihar, Chhattisgarh, Delhi – NCR, Haryana, Himachal Pradesh, Jharkhand, Madhya Pradesh, Maharashtra, Uttar Pradesh, Uttarakhand and West Bengal with 61 General Banking (GB) Outlets and 375 Micro Banking (MB) Outlets, served by over 6300 dedicated employees.

Services of the Bank:

Utkarsh Small Finance Bank offers a gamut of Banking products & services which also includes Micro, Small and Medium Enterprise (MSME) Loans, Housing Loans, Wholesale Lending, Deposit Accounts (CASA, FD & RD), Insurance, Mutual Funds, Remittances, Institutional, Government and TASC services. Utkarsh also offers a wide range of payment services which include Debit Cards, ATMs, POS Payments, Digital offering like Internet Banking, Mobile Banking, and payments through NEFT, RTGS, and IMPS.

Financials of Utkarsh Micro Finance Unlisted Shares:

(Figures in Crores)

Shareholding Pattern: