Utkarsh Small Finance Bank Limited expands its presence with the opening of its new banking outlet in Bhayandar, Thane Maharashtra

by Priya Jadhav 

With this, the Bank has 72 banking outlets in Maharashtra and 877 banking outlets across the country. 

Mumbai, November 21, 2023-: Utkarsh Small Finance Bank Limited (USFBL), today announced the inauguration of its new banking outlet in Bhayandar, Thane in the state of Maharashtra. With this launch, the Bank has reached 72 branches in the state of Maharashtra and 877 in the country spread across 26 States and Union Territories.   

Addressing the inauguration, Ms. Kalpana Prakash Pandey, Independent Director at Utkarsh Small Finance Bank Limited, stated, " It is heartening to see the Bank entrenching its footprint and growing from strength to strength, spreading its presence across the country. I wish the Bank the very best in its future endeavors”. 

Commenting on the expansion, Mr. Govind Singh, MD & CEO, Utkarsh Small Finance Bank Limited said, “Maharashtra is an important state for us. The inauguration of this banking outlet not only supports and nurtures the entrepreneurial spirit of the local community, but also provides them with a valuable opportunity to enhance their financial confidence. Moreover, it serves as a catalyst for fostering a thriving environment of employment and accomplishment."    

The Bank is in a position to provide an array of financial products and services to its customers, which includes savings and current accounts, fixed deposits and recurring deposits along with various loan products such as housing loans, business loans and loan against property. With its branch infrastructure, digital banking capabilities and ATM network, the Bank offers integrated customer service. 

This launch is aligned with the Bank’s strategy to extend its reach and offer entire gamut of financial services including current & savings accounts, fixed & recurring deposits, loans, credit, insurance and investment products to customers across our network. The customers can access banking through multiple channels like branches, 24*7 ATMs, Internet banking, Mobile banking, Unified Payment Interface (UPI) and Call Centre.  

Utkarsh SFBL aims to provide financial services to underserved and unserved customer segments while serving other segments of society including micro-banking loans (JLG loans), MSME loans, housing loans and loan against property amongst others. Also, the Bank provides facility to customers for opening a bank account without having to visit the branch through the tablet-based application assisted model, “Digi On-Boarding”.