Utkarsh Finance Bank

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Utkarsh's journey

From a Micro Finance Institution (NBFC-MFI) to a Small Finance Bank (SFB)

  • First Loan Disbursed on September 21, 2009 under JLG Model
  • Client base of over 8,000
  • Gross Loan Portfolio of Rs.6.3 crore

  • Samutkarsh Welfare Services (SWS) partners for CSR initiatives.
  • Expanded outreach in Bihar
  • Client base of over 55,000
  • Gross Loan Portfolio of 31.8 crore

  • Launched Micro Enterprises Loan (MEL) Loan Product
  • Expanded outreach in Madhya Pradesh and Uttarakhand
  • Client base of over 1 lakh
  • Gross Loan Portfolio of 75.3 crore

  • Started National Pension System (NPS) Services
  • Expanded in New Districts of Bihar, Madhya Pradesh, Uttarakhand and Uttar Pradesh
  • Client base of around 2 lakh
  • Gross Loan Portfolio of 178.3 crore
  • Received Microfinance India Organisation of the Year (Small and Medium Category) Award

  • RBI upgraded licence to NBFC - MFI from NBFC – LC
  • Expanded outreach in Maharashtra
  • Client base of over 3 lakh
  • Gross Loan Portfolio of 355.6 crore
  • Received Mix STAR (Socially Transparent And Responsible) Award
  • Received MF Transparency Seal of Pricing Transparency Award

  • Expanded outreach in existing States
  • Client base of over 6 lakh
  • Gross Loan Portfolio of 728.1 crore
  • Received Smart Campaign Client Protection Certification

  • Received In-principle Licence for Small Finance Bank operations
  • Launched Affordable Housing Loan (AHL) Product.
  • Expanded outreach in Chhattisgarh and Jharkhand
  • Client base of over 8.5 lakh
  • Gross Loan Portfolio of 1,432.5 crore
  • Received CIMSME's MSME Banking Excellence Award

  • Received Final Licence for Small Finance Bank operations.
  • Launched the New Logo of Utkarsh Group Entities.
  • Relaunched Housing Loan (HL) Products
  • 'Útkarsh Welfare Foundation' [erstwhile SWS (renamed as UWF)] becomes the Group Entity.
  • Commencement of Banking Operations (since January 23, 2017)
  • Client base of over 11.7 lakh
  • Gross Loan Portfolio of 1,613.6 crore
  • Received Skoch (Gold)- 2016 Award for Inclusive Insurance

  • Received 'Scheduled Commercial Bank' status
  • Started Wholesale Lending Business
  • Relaunched Retail Assets / MSME Loan Products
  • Expanded outreach in West Bengal
  • Client base of over 15 lakh
  • Gross Loan Portfolio of 3,210.1 crore

  • Change of licence for UMFL from ‘NBFC-MFI-ND-SI’ to ‘NBFC-CIC-ND-SI’
  • Trademark registration of Utkarsh Logo
  • Launch of Cashless Disbursements for Micro Finance Loans.
  • Received MFIN Awards, 2018 in “Effective Grievance Redressal Systems” category.
  • Client base of over 20 lakh.
  • Gross Loan Portfolio of Rs.4,740 crore.

  • Expanded outreach in the existing states and also expanded in Chandigarh Gujrat, Rajasthan, Orissa
  • Received Mine Media Excellence Award 2019 (Excellence Award)