Name: Utkarsh Bank
Address: S-24/1-2, First Floor,Mahavir Nagar,Orderly Bazar, Near Mahavir Mandir, Varanasi, 221002, India
Telephone: 1800 123 9878

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 operations to Assam, Chandigarh, Gujarat, Odisha, Rajasthan and Telangana
Launched Vehicle Loans for Micro Banking customers
Outstanding Loan portfolio crossed Rs. 6,600 crore
Expanded operations with 27 lakh customers and 507 Branches
Utkarsh completed a decade as a Financial Services Provider on September 21, 2019
Short-term rating upgraded to ICRA A1+ from ICRA A1 for Certificate of Deposit

527 Banking outlets in 16 states and 2 union territories.

Utkarsh's journey