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 93.9Â 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.
| Total Available Shares: | 1000 |
| Face Value: | ₹ 10 Per Equity Share |
| ISIN: | INE396P01012 |
| Lot Size: | 100 Shares |
| Current Unlisted Share Price: | ₹ Best in industry Per Equity Share |
| Particulars (In Crores) | FY19-20 | FY18-19 | FY 17-18 | FY 16-17 |
| Net Worth | 1019 | 772 | 411 | 304.9 |
| Deposits | 5235 | 3791 | 2,193.70 | 18.7 |
| Borrowing | 2675 | 1492 | 1,788 | 2,288 |
| Particulars (In Crs) | FY19-20 | FY18-19 | FY 17-18 | FY 16-17 |
| Interest Income | 1307 | 879 | 519 | 72 |
| Interest Expense | 579 | 381 | 250.7 | 44.3 |
| Net Interest Income | 728 | 498 | 268.3 | 27.7 |
| Other Income | 98 | 59.8 | 42.3 | 17.7 |
| Total Income | 1406 | 939 | 310.6 | 45.4 |
| Operating profit | 350 | 230 | 75.5 | 10.5 |
| Provisioning Write off | 99 | 136 | 170.4 | 4 |
| PAT | 186 | 93 | -63 | 4.8 |
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Market Wizard
Utkarsh Small Finance Bank has to list (IPO) within three (3) years of its Net-Worth crossing ₹500 crores i.e. by June 2021.
SUBHAJIT BISWAS
Is it good time to buy Utkash???? Ongoing rates Please.
Market Wizard
Avoid utkarsh at present. If you want to invest in SFB then look for Capital small finance bank or Suryoday Small Finance Bank.
RIBHU MAHESHWARI
250 for 5000 shares
Market Wizard
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/
Market Wizard
Utkarsh Small Finance Bank Financials for FY19-20:
https://dyvmwwyqozzzb.cloudfront.net/main/LODR-financial.pdf
Hanu
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..
Ribhu
I can give u 5000 shares price is 225 if u want less shares ,I can provide
Market Wizard
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.
Market Wizard
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
Market Wizard
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
mukesh
what is the current buy price ? also when is it expected to list?
Vijay
At what rate i can buy unlisted shares of Utkarsh micro finance and what is tha minimum lot
pawan
minimum 300 share
Market Wizard
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.
Market Wizard
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.
Market Wizard
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.
Market Wizard
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