Friday, September 18, 2015

Small Finance Bank – Utkarsh Micro Finance Ltd Varanasi



RBI awards 'in-principle' sanction of Small Finance Bank license to Utkarsh Micro Finance Ltd Varanasi
(Source : RBI Press Release : 2015-2016/693 dated Sep 16, 2015)
Brief Introduction:

Reach as on August 31, 2015
Group lending: No. of Branches     269
Members:      798,853
Active Loan client:    735,626
The company operates from 286(269 JLG and 17 Micro Enterprize Loan)branches in Sixty Seven districts as on 31th August, 2015.

Sphere of Influence

Area of Operations:--
District wise coverage:-
Uttar Pradesh-- Allahabad, Azamgarh, Ballia, Basti, Chandauli, Deoria, Ghazipur, Gorakhpur, Jaunpur ,Kaushambi, Kushinagar, Maharajganj, Mirzapur, Saharanpur, Sant Kabir Nagar, Siddharthnagar, SRN Bhadohi, Sultanpur & Varanasi.
Bihar-- Aurangabad, Bhojpur, Buxar, Gaya, Gopalganj, Kaimur, Muzaffarpur, Nalanda, Nawada, Pashchim Champaran, Patna, Poorvi Champaran, Rohtas, Samastipur, Saran, Siwan & Vaishali.
Madhya Pradesh-- Anuppur, Jabalpur, Katni, Narsinghpur, Rewa, Satna & Shahdol.
Uttarakhand-- Dehradun, Haridwar, Nainital & Udham Singh Nagar.
Delhi-- East Delhi, North Delhi, North East Delhi, North West Delhi, South Delhi & West Delhi.
Himachal Pradesh-- Sirmour.
Haryana-- Ambala, Faridabad, Jhajjar, Kurukshetra, Palwal, Sonipat & Yamuna Nagar.
Maharastra-- Amrawati, Nagpur, Wardha & Yavatmal.

Sectors:

·       Group Loan
·       Micro Enterprise Loan
·       Housing Loan
·       National Pension Service

Ex-Bankers in Top Management:

Chief Promoter: Govind Singh – Banking experience @ Retail Infrastructure Group at ICICI Bank, State Bank of Patiala, Bank Internasional Indonesia and Axis Bank.

Senior Management:-
Abhisheka Kumar : (Chief Financial Officer) - ICICI Bank Alumni
Rahul Dey : (Head - Micro Enterprise Loan & Information Technology) - ICICI Bank Alumni
Pankaj Kumar Singh : (Head - Internal Aduit) - HDFC Bank Alumni
Ashwani Kumar : (Head - Training and Corporate Communication) - Canara Bank Alumni

Send Congratulations Messages @ communications@utkarshmfi.com