What we do Utkarsh Small Finance Bank is a scheduled commercial bank in India focused on microfinance, MSME, retail, and wholesale banking with strong rural presence. |
Founded in 2,016 |
Market share Operates 1,092 outlets across 23 states, with a significant deposit base of ₹21,566 crore as of March 2025, competing in financial inclusion segments. |
Problem solved Providing comprehensive banking and credit services to underserved rural and semi-urban populations, aiding financial inclusion and economic growth. |
Top clients or who we serve Primarily serves retail customers, microfinance borrowers, MSMEs, and small corporates in rural and semi-urban India (B2C and B2B). |
Key management - |
Our journey and innovations Evolved from a microfinance NBFC (2010) to a Small Finance Bank (2017), launched IPO in 2023, expanded digital services and branch network continuously. |
Where we operate Operations across 23 Indian states and 4 Union Territories with over 1,000 banking outlets and widespread rural/semi-urban coverage. |
Top products or what we offer Microfinance loans, MSME loans, housing finance, vehicle loans, gold loans, deposit accounts, and digital banking solutions including UPI and mobile banking. |
Top brands Utkarsh Small Finance Bank; products include Joint Liability Group loans, Micro LAP, Wheels loan, Gold loan, and digital banking platforms. |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue primarily from recurring interest income on loans and deposits with some variability due to economic cycles impacting asset quality. |
Our industry position A leading small finance bank with strong rural focus, growing deposit franchise, significant presence in microfinance and MSME lending. |
Financial highlights FY25 deposits ₹21,566 Cr; net advances ₹18,716 Cr; operating profit ₹1,007 Cr; PAT ₹24 Cr; capital adequacy 20.9%. |
Geographical revenue split Revenue predominantly from India, with diverse state-level operations across north, east, and central regions. |
Order book - |
Whats driving growth Branch expansion, product diversification, digital channels, government financial inclusion support, and leveraging microfinance expertise. |
Our future plans Core banking system upgrade, expansion into new product verticals like capital markets and cross-border remittance, branch network growth. |
Our green promise Focus on solar energy, water conservation, ESG risk assessment, green deposits, and community development programs. |
Our people and values Strong employee base (~20,000), emphasis on employee learning, code of conduct, diversity, and inclusion. |
Key challenges ahead Asset quality risks from microfinance sector headwinds, maintaining profitability amid rising NPAs, regulatory compliance. |
Interesting facts Started as NBFC in 2010, became an SFB in 2017, IPO oversubscribed >100x in 2023, extensive Aadhaar and UPI-based digital banking. |
Risks and strategy Risks include credit quality, borrower over-indebtedness; mitigated via automated loan underwriting, digital collections, diversification, and strong governance. |
