NEW DELHI: The IPO of Utkarsh Small Finance Bank is scheduled to open on July 12, 2023 and close on July 14, 2023. The bank is looking to raise Rs 500 crore through the IPO.
The Varanasi-headquartered Utkarsh SFB, which operates in 26 states and Union Territories, boasts a significant presence with 830 banking outlets and a workforce of 15,424 employees as of March 2023. The bank has successfully built a customer base of 3.59 million, primarily concentrated in rural and semi-urban areas, particularly in Bihar and Uttar Pradesh. These two regions alone account for 30.88 percent and 25.98 percent, respectively, of the bank's total gross loan portfolio.
