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 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.
Utkarsh CoreInvest Ltd. (registered as NBFC -MFI), started with credit under Joint Liability Group (JLG) model in FY 2009. Subsequently, it added Micro Enterprise Loan(MEL), Housing Loan and Micro Pension Products its product bouquet.
With effect from May 03, 2018, Reserve Bank of India issued a certificate for conversion of the company from NBFC – MFI – ND- SI to NBFC – CIC- ND- SI (Non – Deposit taking -Systemically Important Core Investment Company).
Utkarsh Small Finance Bank Ltd. is a Schedule Commercial Bank registered with Reserve Bank of India under Section 22 (1) of the Banking Regulation Act, 1949, licence MUM No. 125 dated November 25, 2016 .
Utkarsh Small Finance Bank is the wholly owned subsidiary of Utkarsh Micro Finance Limited.
However, Pursuant to a 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.
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 includes Debit Cards, ATMs, POS Payments, Digital offerings like Internet Banking, Mobile Banking and payments through NEFT, RTGS and IMPS.
Headquartered at 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.
Utkarsh Micro Finance Unlisted Shares Details:
|Total Available Shares:||1545|
|Face Value:||₹ 10 Per Equity Share|
|Lot Size:||100-1545 Shares|
|Current Unlisted Share Price:||₹ 225-230 Per Equity Share|
Promoters And Management:
Financials of Utkarsh Micro Finance Unlisted Shares:
|Less: Interest Expense||250||44.3||466%|
|Net Interest Income||268||27.7||768%|
|Provisioning & Write-off||170||4||4159%|