With this, the Bank has opened 70 branches in Maharashtra and 855 branches across the country.

MUMBAI – JULY 31, 2023 (GPN):  Utkarsh Small Finance Bank Limited (“USFBL” or the “Bank”), today announced the inauguration of its branch in Andheri, Mumbai.  With this, the Bank has 855 branches in the country with 70 branches in the state of Maharashtra.

Customers at Andheri, can now avail the Bank’s products and services, which includes savings bank account, current account, fixed deposits and recurring deposits amongst other facilities.

Speaking on the inauguration, Mr. Parveen Kumar Gupta, Chairman, Utkarsh Small Finance Bank Limited, said, “This opening of our banking outlet in Andheri reiterates our commitment to expand our geographical imprint across country. We aim to drive our objective of financial inclusion and  economic independence of all sections of society by offering innovative products and best possible rates .  We have plans for further expansion of our network in the coming days”.

Speaking on the inauguration, Mr. Govind Singh, MD & CEO, Utkarsh Small Finance Bank Limited, said, “Mumbai is an important financial hub and it forms a significant role in our strategic approach. The banking outlet at Andheri will enable both the business and the residents of this bustling locality access myriad financial products and services that is sure to complement their financial goals and needs”.

The Bank is in a position to provide an array of financial products and services to its customers, which includes savings and current accounts, fixed deposits and recurring deposits along with various loan products such as housing loans, business loans and loan against property. With its branch infrastructure, digital banking capabilities and ATM network, the Bank offers integrated customer service.

This launch is aligned with the Bank’s strategy to extend its reach and offer entire gamut of financial services including current & savings accounts, fixed & recurring deposits, loans, credit, insurance and investment products to customers across our network. The customers can access banking through multiple channels like branches, 24*7 ATMs, Internet banking, Mobile banking, Unified Payment Interface (UPI) and Call Centre.

Utkarsh SBFL 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”.Ends