Utkarsh Micro Finance has received final license from The Reserve Bank of India (RBI) to start operations as Small Finance Bank (SFB).
In October 2015, Utkarsh Micro Finance had got the “in-principle” approval to set up SFB as per the guidelines issued by the RBI.
“This is a very proud moment for Team Utkarsh and we will continue to be committed to the mission of financial inclusion and offer wide range of banking products to the people. We look forward to continue as a reliable, scalable and sustainable institution which is process centric, people oriented and backed with technology,” said Govind Singh, MD & CEO, Utkarsh Micro Finance.
For more on this story visit the following link: Utkarsh Micro Finance Gets Final Nod to Set up Small Finance Bank
Source: Economic Times