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With this, the Bank has 74 banking outlets in Maharashtra and 883 banking outlets across the country.

Mumbai: January 23, 2024-: Utkarsh Small Finance Bank Limited (USFBL), today announced the inauguration of its 4 new banking outlets, including one at Vile Parle in Mumbai, Maharashtra.

With this launch, the Bank has reached 74 branches in the state of Maharashtra and 883 in the country spread across 26 States and Union Territories.

The Banking Outlet was inaugurated by Shri. Nagesh Dinkar Pinge – Independent Director, Utkrash Small Finance Bank. Speaking on the occasion, he said, “It is a moment of immense PRIDE to see the Bank entrenching its foot print in the financial capital city of Mumbai. I wish the Bank and its team the very best in their endeavour to offer financial products and services that is sure to enrich the banking experience of the community in Vile Parle”.

Commenting on the expansion, Shri. Govind Singh, MD & CEO, Utkarsh Small Finance Bank Limited expressed, “As we commemorate our 7th Anniversary, the inauguration of our new banking outlet in Vile Parle, Mumbai is predominantly known for being a business hub and education centre that houses some of the best B- Schools – it has now become the second major education centre in this city. The banking outlet, we believe is a perfect complement and will serve as a significant point that will cater to the business and the residential community alike. 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 We look forward to servicing the region enabling them to achieve their financial goals”,

The Bank is in a position to provide an array of financial products and services to the vibrant business community of Vile Parle and its residents, which includes savings and current accounts, fixed deposits and recurring deposits. To cater to the aspirations of its customers, the Bank offers various loan products such as housing loans, business loans and loan against property.

With its banking outlet infrastructure, digital banking capabilities and ATM network, the Bank offers integrated customer service. Apart from the ATMs the Bank offers multiple channels such as 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”.

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