Utkarsh Small Finance Bank Limited is celebrating its 8th anniversary by marking a significant milestone in its expansion journey. The bank, which has steadily grown its presence since its inception in 2017, is now launching 15 new banking outlets across India, including its first-ever outlet in Sikkim, located in Gangtok. This expansion brings Utkarsh Small Finance Bank’s total network to 1043 banking outlets across 27 states and union territories, strengthening its mission to provide financial services to underserved communities.
“We are proud to witness our growth into one of the leading small finance banks in the country,” said Mr. Govind Singh, MD & CEO of Utkarsh Small Finance Bank. “The launch of 15 new outlets, including our first in Sikkim, is a testament to our commitment to empowering communities with innovative and accessible banking solutions.” The bank’s expansion includes outlets in regions such as Bihar, Maharashtra, Gujarat, and Uttar Pradesh, aiming to cater to a wide range of customer needs. The addition of the Gangtok outlet is especially significant, as it provides a gateway for residents of Sikkim to access Utkarsh’s diverse financial products, from savings and loans to digital banking services.
The new outlet in Gangtok, Sikkim, will play a crucial role in enhancing financial inclusion in the region. As a vital part of the local economy, the Lachung market, known for its tourism and agriculture-based industries, will benefit from the bank’s accessible financial services, which can help empower local businesses and residents alike. The bank’s digital services and innovative offerings like the “Digi On-Boarding” model will ensure that customers can easily open accounts and access banking solutions without the need to visit the branch.