Utkarsh Small Finance Bank Limited (Utkarsh SFBL) marks a significant milestone in its journey towards financial inclusivity with the grand inauguration of its 900th banking outlet in Khunti, Ranchi, Jharkhand. This momentous occasion is part of the bank’s unwavering commitment to extending its reach and impact across communities.
In a remarkable display of expansion, Utkarsh SFBL simultaneously launched seven new outlets today across Bihar, Jharkhand, and Uttar Pradesh, solidifying its presence in these regions and beyond. With a total of 903 outlets nationwide, the bank is poised to revolutionize access to banking services for underserved populations.The newly opened Khunti branch embodies Utkarsh SFBL’s ethos of empowerment through finance. Offering an extensive array of products and services, including savings and current accounts, fixed and recurring deposits, and a diverse range of loan options, the bank aims to cater to the diverse financial needs of individuals and businesses alike.
Mr. Govind Singh, MD & CEO of Utkarsh SFBL, emphasized the bank’s vision, stating, “Our 900th outlet signifies not just a numerical achievement but a testament to our ongoing mission of fostering financial resilience and prosperity in every community we serve.”Moreover, Utkarsh SFBL is pioneering micro-banking loan facilities through the innovative Joint Liability Group (JLG) model, empowering low-income individuals to access credit without traditional collateral requirements. This groundbreaking initiative underscores the bank’s commitment to driving socio-economic development and fostering entrepreneurship at the grassroots level.
