Utkarsh Micro Finance Unlisted Shares

Utkarsh Coreinvest Ltd. (erstwhile Utkarsh Micro Finance Ltd) is the promoting institution for ‘Utkarsh Small Finance Bank’. Utkarsh Micro Finance Limited has started its operations way back in September 2009 to provide Financial and Non-financial services in its area of operations to the unbanked population who have the skill but are in need of capital.

The Micro Finance Business was converted into a Bank which started his journey with its incorporation on April 30, 2016. The Bank applied for a Banking Licence to RBI and Subsequently, the final license was received from RBI on November 25, 2016.

Terms and conditions of the license issued to Utkarsh Small Finance Bank Ltd to commence small bank business stipulate amongst others that the promoting entity (Utkarsh Micro Finance Limited) of the small finance bank shall be registered as an NBFC – Core Investment Company after the transfer of its business to the bank.

In line with the conditions to the final license, the existing businesses of the Holding Company, Utkarsh Micro Finance Limited was transferred through a Business Transfer Agreement (BTA) as at the close of business hours on January 21, 2017, to ” Utkarsh Small Finance Bank”. The bank started operations with 5 new branches on January 23, 2017. and with effect from May 03, 2018, Reserve Bank of India issued a certificate for the conversion of the Utkarsh Micro Finance Limited company from NBFC – MFI – ND- SI to NBFC – CIC- ND- SI (Non – Deposit taking – Systemically Important Core Investment Company).

The holding company has provided a strong base for starting the Bank with the capacity and capability to understand the needs of society at large in this geographical belt. The Bank had 5 Banking branches, 23 MSME Loan offices, 3 Housing Loan offices, and 350 Micro-Finance Branches as at the close of business on March 31, 2017.

Now as of 31.03.2019, the Bank has operations in 139 Districts across 11 States of Bihar, Chhattisgarh, Delhi-NCR, Haryana, Himachal Pradesh, Jharkhand, Madhya Pradesh, Maharashtra, Uttar Pradesh, Uttarakhand and West Bengal with 61 General Banking (GB) Outlets and 375 Micro Banking (MB) Outlets, served by over 6,300 dedicated employee

Now Utkarsh Micro Finance Limited is only a (Holding company) of Utkarsh Small Finance Bank and holds 99.99% of shares of Utkarsh Small Finance Bank as on 31.03.2019.

Services:
Utkarsh Small Finance Bank offers a gamut of Banking products & services which also includes Micro, Small and Medium Enterprise (MSME) Loans, Housing Loans (HL), Wholesale Lending, Deposit Accounts (CASA, FD & RD), Insurance, Mutual Funds, Remittances, Institutional, Government and TASC services. Utkarsh also offers a wide range of payment services which include Debit Cards, ATMs, POS Payments, Digital offerings like Internet Banking, Mobile Banking, and payments through NEFT, RTGS, and IMPS.

Headquarter:
Varanasi, Uttar Pradesh Utkarsh Small Finance Bank has operations in Bihar, Chhattisgarh, Delhi-NCR, Haryana, and Himachal Pradesh Jharkhand, Madhya Pradesh, Maharashtra, Uttar Pradesh, Uttarakhand, and West Bengal.

FY18-19 Factsheet:
a) The bank is operating out of 139 Districts of 11 States across India with 61 General Banking (GB) and 375 Micro Banking (MB) Outlets.
b) The Bank has crossed a dual milestone of two lakh saving account customers and 20 lakh active loan clients.
c) The Bank closed the year with total Gross Advances of 4,740 crores and total Deposits Base of 3,791 crores.
d) CASA ratio has improved and now stands higher than 10% of total deposits.
e) The year witnessed a Net Interest Income (NII) of 497.4 crores and an Operating Profit of 219 crores.
f) The Bank has achieved 93.9 crores of PAT.
g) The Net NPA ratio of 0.12% is a true reflection of the robust portfolio that the Bank possesses.

FY19-20 Factsheet
a) The year Utkarsh has completed 10 years of its exciting journey. To mark
the occasion, Utkarsh Small Finance Bank Limited (USFBL) i.e. the Banking subsidiary
inaugurated 21 Banking Outlets pan India on September 21, 2019.
b)This year the Bank expanded its operations by entering Odisha with the launch of 19 Branches, out of which 18 were Micro Banking Outlets, reiterating its focus on financial inclusion.
c) As of 31.03.2020, Utkasrh SFB has Rs. 6600 Crores of AUM and Rs. 5235 Crores of Deposit.
d) As of 31.03.2020, Utkarsh SFB has 507 Banking Outlets and 177 ATMs pan India, spread over 173 Districts of 17 States and Union Territories, having over 8,800 employee base.

Utkarsh Micro Finance Unlisted Shares Details:

Total Available Shares:	1000
Face Value:	₹ 10 Per Equity Share
ISIN:	INE396P01012
Lot Size:	50 Shares
Current Unlisted Share Price:	₹ 195 Per Equity Share

Promoters And Management:

Utkarsh Coreinvest (holding company) is the promoter of the bank. It holds 99.99% shares in the bank.

Financials of Utkarsh Micro Finance Unlisted Shares:

Financial Highlights of Utkarsh Small Finance Bank (Subsidiary of Utkarsh Micro Finance).

Particulars (In Crores)	FY20-21	FY19-20	FY18-19	FY 17-18	FY 16-17
Net Worth	1368	1019	772	411	304.9
Deposits	7507	5235	3791	2,193.70	18.7
Borrowing	2607	2675	1492	1,788	2,288

Particulars (In Crs)	FY20-21	FY19-20	FY18-19	FY 17-18	FY 16-17
Interest Income	1580	1307	879	519	72
Interest Expense	741	579	381	250.7	44.3
Net Interest Income	839	728	498	268.3	27.7
Other Income	144	98	59.8	42.3	17.7
Total Income	1725	1406	939	310.6	45.4
Operating profit	444	350	230	75.5	10.5
Provisioning Write off	326	99	136	170.4	4
PAT	111	186	93	-63	4.8

UnlistedZone's Take (FY19-20) 1. Loan Book Growth: The loan book has increased from 4668 Cr to 6281 Cr in FY19-20. The bank has shown a staggering growth of 35% loan book growth. 2. Deposits Growth: It has increased from 3791 Cr to 5235 Cr in FY19-20. 3. NIM - Net Interest Margin (Interest Earned - Interest Expended/ Loan outstanding): The NIM of Utkarsh Small Finance bank stands at 11.59% in FY19-20. Last year it was 10.68%. An increase in NIM is always positive for the bank and shows banks' margins are increasing on loan given. 4. Gross NPA: The Gross NPA has increased from 0.71% to 1.39%. However, the figure is quite manageable. 5. CRAR - Credit to Risk-Weighted Assets: CRAR is an important regulatory measure from RBI which banks need to maintain all the time. The minimum CRAR requirement as per RBI is 15% for Small Finance Bank. Utkarsh Small Finance Bank has 24.14% of CRAR in FY19-20 which is well above the regulatory requirement. 6. Revenue: It has gone up to 1406 Cr in FY19-20 as compared to 929 Cr last year. Excellent growth of 51% in topline. 7. PAT: It has gone up to 186 Cr in FY19-20 as compared to 93 Cr last year. Excellent growth of 100% in the bottom-line. So, we at UnlistedZone in the view that the bank has performed outstandingly well in FY19-20. Analysis of FY20-21 Financial Results a) Utkarsh Small Finance Bank has clocked revenue of 1,725 Crore in FY 2020-21, compared to 1,406 Crore in FY 2019-20, clocking a year-on-year growth of 22.68%. The growth is mainly attributed to increase of gross loan portfolio and increase in deposits. b) The operating profit of the Bank stood at 438 Crore in FY 2020-21 compared to 350 Crore in FY 2019-20, clocking a year-on year growth of 25.13%. c) Utkarsh Small Finance bank in order to counter the impact of Pandemic has made provisions of 286 Crore in FY 2020-21 compared to 100 Crore in FY 2019-20, registering a year-on-year increase of 187.25%. ( This is the main problem which is happening with Small Finance banks). d) Due to higher provisions, PAT stood at 111 Crore in FY 2020-21 compared to 186.74 Crore in FY 2019-20. e) The Return on Assets (RoA) stood at 1.04% and Return on Net Worth (RoNW) at 9.99% for the year ended March 31, 2021. f) The Loan Book during this period was at 8,416 Crore across various business units namely Micro-banking, Wholesale Banking, Retail Assets (MSME and personal Loans), Housing Loans, Business Correspondents, Commercial Equipment and Construction Vehicles and others. The Micro-finance portfolio contributed to around 82% while other businesses contributed around 18% towards the Loan Book. g) During FY 2020-21, the Bank successfully opened 16 new micro banking branches. Bank’s micro-finance loan portfolio has grown by 17.82% during FY 2020-21 to reach 6,899 Crore as on March 31, 2021. Micro-finance Loan is the Core business- Most affected by Covid-19 a) Utkarsh Small Finance being an NBFC-MFI, micro-finance remains a focused business segment for the Bank. b) Micro-finance lending comprised 81.98% of the gross loan portfolio of the Bank as on March 31, 2021. Under micro-finance lending, the Bank focuses on financial inclusion of the underprivileged and economically weaker sections of the society, who get very limited or no access to financial services. The Bank provides JLG loans, individual loans, swacchata loan and two-wheeler loans under micro Loan Composition mix as on March 31, 2021 c) Bihar and Uttar Pradesh has been core geography for the Bank’s micro-finance portfolio. Micro-finance loans continues to be substantially diversified with an average ticket size of 27K (based on outstanding loan portfolio), with tenors ranging between 12 to 24 months. d) As on March 31, 2021, the Bank had more than 25 lakh active loan accounts under micro-finance lending spread across 141 districts and 11 states, serving through 420 micro banking outlets.

NPA Situation of Utkarsh Small Finance Bank a) As on 31.03.2021, the GNPA stands at 315 Crores and Net NPA stand at 108 Crores. b) As on 31.03.2020, the GNPA was at 44 Crores and Net NPA was at 11 Crores. So, massive jump has seen in the NPA levels due to Covid-19. And, due to high provisioning of NPA, the PAT has suffered for the bank. Valuation and Expected price band of Utkarsh Small Finance Bank Book Value as on 31.03.2021 = 16 If we see the current P/B of Ujjivan Small Finance which is also doing major loans in micro-finance, it is available at 1.1x. However, the G.NPA levels of Ujjivan Small Finance as on 31.03.2021 stands at 7% which is way above Utkarsh Small Finance which is having 3% G.NPA. So, if we give the P/B of 2x to Utkarsh Small Finance Bank, then Expected Price band of Utkarsh Small Finance Bank would be 32-35 per share. Valuation = ~2700-2800 Crores. Utkarsh Small Finance Bank Annual Report 2021 Utkarsh MicroFinance Annual Report 2020 Utkarsh Small Finance bank Annual Report 2019 Utkarsh Small Finance Bank Annual Report 2018

Company Address:

S-24/1-2, First Floor, Mahavir Nagar, Orderly Bazar, Varanasi – 221 002, Uttar Pradesh

Frequently Asked Questions:

Please find below the procedure for buying Utkarsh Micro Finance Unlisted Shares at UnlistedZone.

1. You confirm booking of Utkarsh Micro Finance Unlisted Shares with us at a trading price.
2. You provide your client master report (ask the broker if not available) along with PAN Card and Cancelled Cheque in case you are not transferring funds from the bank account as mentioned in the CMR Copy. These are KYC documents required as per SEBI regulations.
3. We will provide the bank details.
4. You need to transfer funds in that account.
5. Payment has to be done in RTGS/NEFT/IMPS CHEQUE TRANSFER. No CASH DEPOSIT.
6. Payment has to be done from the same account in which shares are to be credited.
7. We will transfer the shares in 24 hours if funds are credited before 2 pm.

Important Note: Please note that the lock-in period for selling Utkarsh Micro Finance Unlisted Shares is 6 months after listing. Hence you can’t sell Utkarsh Micro Finance Unlisted Shares which you bought in Pre-IPO for 6 months after its listing. i.e. You can sell it only after 6 months calculated from the listing date. For any queries, please contact us at sales@unlistedzone.com

Please find below the procedure for selling Utkarsh Micro Finance Unlisted Shares at UnlistedZone.

1. We will confirm our buying price of Utkarsh Micro Finance Unlisted Shares.
2. We will give you our client master report and you will transfer the Utkarsh Micro Finance Unlisted Shares to our demat account.
3. We will ask for bank details of yours once the Utkarsh Micro Finance Unlisted Shares are received in our demat account..
4. We will transfer the funds in your bank account within 24 hrs of receiving the Utkarsh Micro Finance Unlisted Shares.
5. Payment will be made in RTGS / NEFT / CHEQUE TRANSFER/IMPS. No CASH DEPOSIT.
6. Payment will be given in the same account which is linked to demat account or you need to provide the cancelled cheque shows your name to verify. As per SEBI regulations, the transfer of funds in the third party account is not legal and our policy refrain us from doing so.

Note: The price at which we are buying the share is fixed for 3 days. If you cant sell your stock within 3 days, then the price of that day will be applicable when we receive shares in our demat.

Lock-in period of Utkarsh Micro Finance Unlisted Shares depends upon category of investors.

1. Venture Capital Funds or Foreign Venture Capital Investor - lock-in Period of 6 months from the date of acquisition of Utkarsh Micro Finance Unlisted Shares.
2. AIF-II - There is no locking period.
3. Other Investors (include Retail, HNIs or Body Corporate) lock-in Period of 6 months from the date of listing of IPO of Utkarsh Micro Finance Unlisted Shares.

This new SEBI rule was introduced in the month of August-2021, wherein the SEBI has reduced the lock-in period previously from 1 year to 6 months to encourage more and more funds to be invested in startups which are going to public or IPO in near future. Reduction of lock-in is seen as big step and after that many PMS funds are advising their clients to invest in Pre-IPO shares to get the benefit of early stage investment.

DIS - Delivery Instruction Slip is the way through which an investor can sell or transfer the Utkarsh Micro Finance Unlisted Shares from his/her demat account to any other demat account. There are two Types of DIS Slip.

1. Offline-DIS - This is an offline mode of transfer of shares wherein the investors needs to fill DIS form and give it to their broker for transferring the shares. Following are the fields which are required to be filled.
- a. ISIN number of Utkarsh Micro Finance Unlisted Shares.
- b. Name of Utkarsh Micro Finance Unlisted Shares
- c. Quantity of Utkarsh Micro Finance Unlisted Shares
- d. Cosideration Amount
- e. Target DP ID and Client ID
- f. Annexure
2. Online DIS - Some of the broker these days gives facility of transferring the Utkarsh Micro Finance Unlisted Shares via online DIS. So, please check with your broker whether such facility is available or not. For example: Angel Broking proivdes the facility of Online-DIS from its platform. As an investor he/she simply needs to add a beneficiary into it and send the Utkarsh Micro Finance Unlisted Shares by filling the details similar to Ofline-DIS.

Read our article to understand more about this. https://unlistedzone.com/how-do-i-sell-my-unlisted-shares/

In the last 4-5 years, the unlisted share market has become quite big and as a result of that, the ticket size has reduced from usual 5-10 Lac to 35-50k in today's scenario. So, via our UnlistedZone platform, if somebody wants to buy Utkarsh Micro Finance Unlisted Shares then minimum investment would be 35-50k.

Yes, buying and selling of unlisted shares in India is 100% legal.

If you sell your shares within 2 years, then you will have to pay Short-term Capital gain on unlisted shares. Short-Term Capital Gain is added in your Income. So, as per individual tax slab you need to pay capital gain tax.

If you sell your shares after 2 years, then you will have to pay Long-term Capital gain on unlisted shares LTCG is 20% with indexation benefits.

After listing of shares, the unlisted shares which you have bought through unlisted market, will be taxed at listed rates, if sold through exchange. So, taxes of listed market will be applicable. And, to calculate holding time, for determining LTCG or STCG, the purchase date of unlisted shares will be applicable.

If you buy Utkarsh Micro Finance Unlisted Shares from UnlistedZone then these shares can checked in two ways. However, before we tell you the process of checking of shares, it is intimated that as per SEBI regulations, the shares can be transferred in demat account only.

Check credit of Utkarsh Micro Finance Unlisted Shares Instantly?

1.You can download the NSDL or CDSL application from google play-store and check. If you want to check whether your stock broker is registered with NSDL or CDSL then check the following procedure.
By carefully examining the number format of Demat Account we can easily identify whether the stock broker is registered with CDSL or NSDL.
Demat Account = DP ID + Client ID. (16 Characters )
"DP ID is the unique identification of the Broker. Every broker gets a unique number from CDSL or NSDL.By carefully examining the number format of Demat Account we can easily identify whether the stock broker is registered with CDSL or NSDL.
Client ID is the unique identification of the Client. Every client gets this unique number which represents his/her portfolio.
In CDSL, all these characters are numbers (1234567891234567) first 8 digits are DP ID and next 8 digits are Client Id whereas in NSDL the first two characters are letters which are in accordance with the country that you are from (IN12345678912345), then 6 unique digits for Broker and next 8 digits are client ID.
Example:
CDSL = 12345678(DP ID) and 91234567(Client ID).
NSDL = IN123456 (DP ID) and 78912345(Client ID).
Check in brokers application?
Credit of Utkarsh Micro Finance Unlisted Shares can be checked in brokers application as well but it takes T+2 days to show the shares.

The Utkarsh Micro Finance Unlisted Shares are credited in demat account same day of transferring funds in our company's bank account.

The price of Utkarsh Micro Finance Unlisted Shares can be checked in two ways. First, you can join our telegram channel where on daily basis we share the latest prices of all the unlisted shares in the morning and secondly, you can register on UnlistedZone.live platform to see the historical graphs and prices of all the shares at one place.

If you see the thesis of investment in the unlisted shares then it is being done mainly to take the advantage of IPO market. And, if the IPO plans of company get delayed due to market conditions or any other reason then demand suddenly drops in the market. The unlisted market works mainly on demand and supply and if there is no IPO news then getting exit would be difficult.

"UnlistedZone is India's fastest and leading marketplace to buy and sell unlisted shares. In the last 3 years, we have already served more than 1 million users on the platform. The total transactions value done from the platform is already more than 100 Crores. The name of our Co-founders Mr. Umesh Paliwal and Dinesh Gupta publish regularly in leading newspapers like MoneyControl, Business-Standard, ET etc for their views on IPO and Unlisted market. In the last 3 years, UnlistedZone has made a good name for itself in the industry and gained a trust of their users. So, the new investors should not be worried about any kind of fraud that is mostly happens with unkown brokers in the market while doing investment with UnlistedZone."

We at UnlistedZone do the valuation based on 2 methods.

1. We check the last funding that is being done in the Utkarsh Micro Finance Unlisted Shares to ascertain the benchmark valuation.
2. If there is no funding happened in the company, then we try to find a business similar to Utkarsh Micro Finance Unlisted Shares in the listed space and do comparison method to ascertain the valuation.

As an investor in the unlisted space, we would always recommend that you must check all the risk parameter carefully before investing in the unlisted space.

We source shares either from the employees or initial investors looking to liquidate their Utkarsh Micro Finance Unlisted Shares.

Pre-IPO shares means which are planning for an IPO in near future. So, all the shares which are traded on the platform are not Pre-IPO Shares. However, if the company's business is going good and then demand will always be there in the unlisted space, so even if the IPO does not come, the investors can easily liquidate their Utkarsh Micro Finance Unlisted Shares in the unlisted market itself.

Rules and regulations of SEBI are applicable in the Unlisted space like lock-in period of 6 months, paying of Stamp Duty, and DP Charges for every transaction etc. However, to become an unlisted broker there is no such regulation by SEBI as of yet.

For tracking news and other information about Utkarsh Micro Finance Unlisted Shares, one can visit our website wherein we post news and other information on daily basis and one can also join our telegram channel.

Discussion on Utkarsh Micro Finance Unlisted Shares:

18 Comments

Market Wizard

3:10 AM, 6 August 2020

Utkarsh Small Finance Bank has to list (IPO) within three (3) years of its Net-Worth crossing ₹500 crores i.e. by June 2021.

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SUBHAJIT BISWAS

7:11 PM, 4 July 2020

Is it good time to buy Utkash???? Ongoing rates Please.

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Market Wizard

2:38 AM, 6 July 2020

Avoid utkarsh at present. If you want to invest in SFB then look for Capital small finance bank or Suryoday Small Finance Bank.

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RIBHU MAHESHWARI

7:24 AM, 21 July 2020

250 for 5000 shares

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Market Wizard

2:34 PM, 3 June 2020

Utkarsh Small Finance Bank FY19-20 Results update and Valuation report by UnlistedZone Team:

https://unlistedzone.com/utkarsh-small-finance-bank-annual-results-update-03-06-2020/

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Market Wizard

11:49 AM, 3 June 2020

Utkarsh Small Finance Bank Financials for FY19-20:
https://dyvmwwyqozzzb.cloudfront.net/main/LODR-financial.pdf

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Hanu

6:39 PM, 6 March 2020

Hi,
What is the current price of Utkarsh MF as on today.? If I want to buy, what is the minimum quantity.?

Thanks in advance..

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Ribhu

11:38 PM, 12 April 2020

I can give u 5000 shares price is 225 if u want less shares ,I can provide

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Market Wizard

9:55 AM, 13 April 2020

Sir,

At present demand is not for this share. Our team will contact you as soon as we have the demand available in the market.

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Market Wizard

9:33 AM, 17 February 2020

9MFY20 Results update of Utkarsh SFB

1. 50% YoY growth in interest income in the first 9MFY20 as compared to the previous year in the same period.

2. Net Profit has gone up to 162 cr in the first 9MFY20 as compared to 81 cr as compared to the previous year in the same period.

3. GNPA has gone down from 2.51% to .89%, which is phenomenal.

4. Utkarsh SFB has excellent ROA of 2.25%

5. Net-Worth as on 31.12.2019= 947 Cr

6. Shares= 75.927 Cr

7. Book Value = 12.6

https://dyvmwwyqozzzb.cloudfront.net/main/1-1.jpg

https://dyvmwwyqozzzb.cloudfront.net/main/2-1.jpg

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Market Wizard

3:05 PM, 27 December 2019

letter for providing an extension to buy Equity shares of the company.

https://dyvmwwyqozzzb.cloudfront.net/main/Extention-letter-Mr.-Govind-Singh.pdf

Mr. Govind Singh, CEO of Utkarsh SFB, was supposed to buy 3% of fully-paid equity shares of the company by Jan 2020. However, now he is seeking an extension for another 3 years. In this regard, an EGM is going to be conducted on 20 Jan 2020. The detail is mentioned below.

https://dyvmwwyqozzzb.cloudfront.net/main/Signed-Copy-of-Notice-of-EGM.pdf

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mukesh

10:21 AM, 30 December 2019

what is the current buy price ? also when is it expected to list?

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Vijay

10:19 AM, 26 February 2019

At what rate i can buy unlisted shares of Utkarsh micro finance and what is tha minimum lot

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pawan

8:34 AM, 8 May 2019

minimum 300 share

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Market Wizard

6:16 AM, 8 February 2019

https://m.economictimes.com/markets/stocks/news/utkarsh-sfb-plans-to-shore-up-equity-for-expansion/articleshow/67879295.cms.

Utkarsh Small Finance Bank (USFB) plans to raise Rs 200 crore in a pre-initial public (IPO) placement in the next few months as it braces for a Rs 1,000 crore equity infusion in two years time to comply with a Reserve Bank of India (RBI) mandated deadline.

They will need Rs 2,000 crore capital in the next three years, which will include around Rs 1,000 crore equity, Rs 300 crore debt capital and also internal accrual, which could be around Rs 700 crore.

The company is planning to go public in two years.

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Market Wizard

3:50 AM, 27 November 2018

Highlights of FY18

1. Bank presently has operations in Bihar, Chhattisgarh, Delhi-NCR, Haryana, Himachal Pradesh, Jharkhand, Madhya Pradesh, Maharashtra, Uttar Pradesh, Uttarakhand and West Bengal.

2. The Bank has a net increased outreach of over 3.5 lakh customers during the year, The year closed at a total Loan Portfolio Outstanding (Net of Provisions) of ₹3,082.5 and Deposits Base of ₹2,193.9 crore. The Bank proposes to more than double its business by closing the FY2019 books at over ₹11,000 crore.

3. The Bank is adequately capitalized with a CAR of 17.40 % and closed the year with an operating profit of
₹75.6 crore and a net loss of ₹63 crore owing majorly to the demonetization affected accounts write-off. However, on a quarterly basis, the Bank’s PBT for Q4 FY2018 has been ₹18.3 crore.

4. The Gross NPA and Net NPA have been 1.85% and 1.09% respectively as at March 31, 2018.

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Market Wizard

3:32 AM, 27 November 2018

Utkarsh Small Finance Bank is the wholly owned subsidiary of Utkarsh Micro Finance Limited.

However, Pursuant to condition attached in the approval for small finance bank, the Holding Company entered into a business transfer agreement (BTA) and transferred its micro finance business to the Bank. Pursuant to the BTA all the assets and liabilities (except certain specified assets and liabilities) as at January 21, 2017 of the Holding Company were transferred to the Bank at book value based on slump sale basis for cash consideration of ₹68.51crores.

Now MicroFinance is converted in Small Finance Bank.

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Market Wizard

3:25 AM, 27 November 2018

During 2016-17, the Utkarsh Micro Finance has received a letter from RBI Received Final Licence for Small Finance Bank operations. Apart from that, they have also :

(i) Launched the New Logo of Utkarsh Group Entities.

(ii) Relaunched Housing Loan (HL) Products

(iii) Utkarsh Welfare Foundation’ [erstwhile SWS (renamed as UWF)] becomes the Group Entity.

(iv) Commencement of Banking Operations (since January 23, 2017).

(v) Client base of over 11.7 lakh.

(vi) Gross Loan Portfolio of I1,613.6 crore

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Utkarsh Micro Finance Unlisted Shares

Utkarsh Micro Finance Unlisted Shares Details:

Promoters And Management:

Financials of Utkarsh Micro Finance Unlisted Shares:

Company Address:

Frequently Asked Questions:

Discussion on Utkarsh Micro Finance Unlisted Shares:

18 Comments

Market Wizard

SUBHAJIT BISWAS

Market Wizard

RIBHU MAHESHWARI

Market Wizard

Market Wizard

Hanu

Ribhu

Market Wizard

Market Wizard

Market Wizard

mukesh

Vijay

pawan

Market Wizard

Market Wizard

Market Wizard

Market Wizard

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