Thu. May 26th, 2022

Bengaluru (Karnataka) [India], August 21: Utkarsh Small Finance Bank Limited inaugurated its very first branch in Karnataka. The residents of JP Nagar, Bengaluru now avail of the Bank’s products and services, including savings bank account, current account, fixed deposits and recurring deposits, amongst other facilities.  With this, the Bank has 587 branches in 193 districts in the country spread across 17 states and 2 Union Territories.

“It gives me immense pleasure to inaugurate a branch in Bengaluru, the first in the state of Karnataka. It is indeed a historic moment for the Bank. I wish them the very best in their endeavour to spread their footprint further in the Southern region. CDC has been a long term investor in Utkarsh Small Finance Bank nearly since its inception. Their commitment towards financial inclusion and supporting many micro-entrepreneurs in low-income states is commendable, and equally, their efforts towards seamless digitalization prove their ability to provide banking services across different clientele base,” said Mr. Srini Nagarajan, Managing Director and Head of Asia, CDC Plc

“The city has myriad factors that contribute to the growth of entrepreneurs, start-up ventures, technology giants, and homepreneurs. We are in a position to provide banking and financial services to each of these categories and more. While support to the businesses is a given, our products and services encompass the needs of the general public across strata,” said Mr. Govind Singh, MD & CEO, USFBL.

The Bank is in a position to provide an array of financial products and services to its customers, including savings and current accounts, fixed deposits and recurring deposits, and various loan products such as housing loans, business loans, and loans against property. With its branch infrastructure, digital banking capabilities and ATM network, the Bank offers integrated customer service. Customers can access banking services through multiple channels, including banking outlets, ATMs, internet banking, mobile banking, tab banking and call centre. As the Bank expands into newer markets and geographies, it continues to widen its customer base. The Bank provides a facility to customers for opening a bank account without having to visit the branch through the tab-based application assisted model, “Digi On-Boarding”.

The launch is aligned with the Bank’s strategy to extend its reach to offer various financial services. It includes wholesale lending, micro banking loans (JLG loans), MSME loans, housing loans, loans against property, commercial vehicle loans, construction equipment loans and two-wheeler loans along with current and savings accounts, fixed and recurring deposits, insurance and investment products to its customers.

By dsprime

7 thoughts on “Utkarsh Small Finance Bank’s first branch in Karnataka”
  1. Awesome blog! Is your theme custom made or did you download it from somewhere? A theme like yours with a few simple tweeks would really make my blog shine. Please let me know where you got your theme. Many thanks

  2. Hey There. I found your blog using msn. This is a really well written article. I抣l make sure to bookmark it and return to read more of your useful info. Thanks for the post. I will definitely comeback.

  3. Hello just wanted to give you a quick heads up.
    The words in your post seem to be running off the
    screen in Internet explorer. I’m not sure if this is a format issue or something
    to do with web browser compatibility but I thought
    I’d post to let you know. The style and design look great though!
    Hope you get the issue solved soon. Thanks

  4. 297547 698349hi!,I like your writing so a great deal! share we communicate far a lot more about your article on AOL? I want a specialist on this area to solve my difficulty. May possibly be thats you! Searching forward to see you. 624619

Leave a Reply

Your email address will not be published.