The first branch of Utkarsh Small Finance Bank in Karnataka


Utkarsh Small Finance Bank Limited opened its very first branch in Karnataka. Residents of JP Nagar, Bangalore, now benefit from the Bank’s products and services, including savings accounts, current accounts, term deposits and recurring deposits, among others. With this, the Bank has 587 branches in 193 districts of the country spread across 17 states and 2 Union Territories.

“It is a great pleasure for me to open a branch in Bengaluru, the first in the state of Karnataka. This is indeed a historic moment for the Bank. I wish them the best in their efforts to expand their footprint further into the Southern region. CDC has been a long-term investor in Utkarsh Small Finance Bank almost since its inception, their commitment to financial inclusion and supporting many micro-entrepreneurs in low-income states is commendable, and also, their efforts for seamless digitization. prove their ability to provide banking services across different clientele, ”said Srini Nagarajan, Managing Director and Head of Asia, CDC Plc. to provide banking and financial services to each of these categories and more. While business support is a given, our products and services encompass the needs of the general public in all strata, ”said Govind Singh, Managing Director and CEO of USFBL.

The Bank is able to provide a range of financial products and services to its clients, including savings and current accounts, term deposits and recurring deposits, as well as various credit products such as home loans, business loans and home loans. With its branch infrastructure, digital banking capabilities and network of automated teller machines, the Bank offers integrated customer service. Customers can access banking services through multiple channels, including point of sale banking, ATMs, internet banking, mobile banking, tab banking, and call center. As the Bank expands into new markets and geographies, it continues to expand its customer base. The Bank offers customers the possibility of opening a bank account without having to go to a branch via the tab-based application-assisted model, “Digi On-Boarding”.

The launch is part of the Bank’s strategy to expand its reach to offer various financial services. It includes wholesale loans, microbank loans (JLG loans), loans to MSMEs, housing loans, home loans, commercial vehicle loans, construction equipment loans and two-wheeler loans. as well as current and savings accounts, fixed and recurring deposits, insurance and investments. products to its customers.

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Posted on: Saturday Aug 21, 2021 13:42 IST


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