Utkarsh Small Finance Bank Limited (Utkarsh SFBL) celebrates a significant achievement with the inauguration of its 900th banking outlet in Khunti, Ranchi, Jharkhand. As part of its ongoing expansion strategy, the bank also unveiled seven additional outlets today across Bihar, Jharkhand, and Uttar Pradesh, bringing its nationwide network to an impressive 903 branches.
The newly launched Khunti branch exemplifies Utkarsh SFBL’s commitment to providing comprehensive financial solutions to communities. Residents will have access to a diverse range of banking services, including savings and current accounts, fixed and recurring deposits, and an array of loan products tailored to meet individual and business needs.Mr. Govind Singh, MD & CEO of Utkarsh SFBL, expressed pride in reaching this milestone, stating, “The opening of our 900th outlet signifies our dedication to expanding financial access and empowering communities across Jharkhand and beyond.”
Furthermore, the bank is extending micro-banking loan facilities through the innovative Joint Liability Group (JLG) model, aimed at assisting low-income individuals in accessing credit without the need for collateral. This initiative underscores Utkarsh SFBL’s commitment to fostering entrepreneurship and driving economic growth in underserved regions.