The Bank – who they are    

Initially operating from the small town of Varanasi in Uttar Pradesh, India, Utkarsh was established in 2009 as a Micro Finance Institution. Over the years it has evolved into a Small Finance Bank with the objective of creating “umeed” (hope) amongst the unbanked population by providing micro, small and medium enterprise (MSME) loans, housing loans (with a specific focus on affordable housing), savings accounts and other essential financial services to the under-served low-income rural and semi-urban population in north and east India. The micro-banking segment accounts for about 66 per cent. of the bank’s gross loan portfolio.Continue Reading Utkarsh Small Finance Bank’s IPO: what it means and why it matters