Utkarsh Small Finance Bank Limited (Utkarsh SFBL) has achieved a major milestone by launching its 900th banking outlet in Khunti, Ranchi, Jharkhand. This expansion is part of a broader initiative that saw the opening of seven new outlets today across Bihar, Jharkhand, and Uttar Pradesh, increasing the bank’s total presence to 903 outlets nationwide.
The new Khunti branch will offer a full suite of financial products and services, including savings and current accounts, fixed and recurring deposits, housing and business loans, loans against property, as well as credit, insurance, and investment products. These services aim to support residents and entrepreneurs, enhancing financial growth and stability in the region.
“Today is a landmark day for us,” stated Mr. Govind Singh, MD & CEO of Utkarsh SFBL. “The inauguration of our 900th outlet, along with the new branches across three states, underscores our commitment to fostering local entrepreneurship and strengthening financial resilience.” Utkarsh SFBL is also extending its micro-banking loan facilities through the Joint Liability Group (JLG) model, targeting low-income individuals with limited access to financial services. This model promotes credit discipline and mutual support, enabling business expansion without collateral.
