About Utkarsh Small Finance Bank Limited
Data last updated: 27 December 2025
Utkarsh Small Finance Bank Limited is a public limited company based in Varanasi, Uttar Pradesh, India, a subsidiary of Utkarsh Coreinvest Limited. It specialises in commercial banks, a part of the broader financial services sector. Incorporated on 30 April 2016, the company has been in operation for over 10 years.
Registered with ROC Kanpur under CIN L65992UP2016PLC082804. Listed.
Capital: an authorised share capital of ₹2,000 Cr and a paid-up capital of ₹1,779.52 Cr. It is led by directors including Ajay Kumar Kapur and Kalpana Prakash Pandey.
Last AGM: 22 August 2025. Financial statements filed for year ended 31 March 2025. Office: Utkarsh Tower Nh – 31 (Airport Road) Sehmalpur Kazi Sarai Harhua, Varanasi, Uttar Pradesh, India – 221105.
As per the financials filed for FY 2025, the company reported a revenue of ₹4,364.76 Cr, a growth of 22% compared to the previous year.
The company has a workforce of approximately 15,950 employees as per the latest available data. It operates as a subsidiary of Utkarsh Coreinvest Limited.
The company is associated with 2 brands - Utkarsh Bank, Utkarsh Coreinvest. As per MCA filings, the company has open charges of ₹3.85 Lakh and satisfied charges of ₹1,431.36 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website utkarsh.bank.
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Registered AddressUtkarsh Tower Nh – 31 (Airport Road) Sehmalpur Kazi Sarai Harhua, Varanasi, Uttar Pradesh, India – 221105
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IndustryFinancial Services, Commercial Banks, Bfsi
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
CIN History of Utkarsh Small Finance Bank Limited
Utkarsh Small Finance Bank Limited has one previous CIN (Corporate Identification Number): U65992UP2016PLC082804. The current CIN is L65992UP2016PLC082804, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L65992UP2016PLC082804 | Current |
| U65992UP2016PLC082804 | Previous |
Associated Brands with Utkarsh Small Finance Bank Limited
Utkarsh Small Finance Bank Limited operates two associated brands: Utkarsh Bank and Utkarsh Coreinvest. These brands represent Utkarsh Small Finance Bank Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Small finance bank | utkarsh.bank | |
| Financial services are provided to unbanked populations and small enterprises. | utkarshcoreinvest.com |
Competitors & Alternatives of Utkarsh Small Finance Bank Limited
Brands and companies operating in the same space as Utkarsh Small Finance Bank Limited include AU Small Finance Bank, Ujjivan Small Finance Bank, ESAF and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
AU Small Finance Bank
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Collateralised loans for commercial vehicles are extended to rural entrepreneurs. | Jaipur, India, India | 1996 |
Ujjivan Small Finance Bank
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Small finance services are extended to underserved segments in India. | Bengaluru, India, India | 2005 |
ESAF
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Microfinance banking services are offered in India by ESAF. | Thrissur, India, India | 1992 |
Jana Small Finance Bank
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Microfinance bank | Bengaluru, India, India | 1999 |
Suryoday
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Small finance bank offering savings accounts, deposits, and loan products | Mumbai, India, India | 2008 |
Equitas Small Finance Bank
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Small finance bank | Chennai, India, India | 2007 |
Capital Small Finance Bank
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Microfinance services including savings accounts and loans are provided. | Jalandhar, India, India | 2016 |
Satin Creditcare
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Micro loans for businesses are offered by this NBFC. | Delhi, India, India | 1990 |
Bharat Financial Inclusion
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Provider of micro-credit & insurance for low income income individuals and women | Secunderabad, India, India | 1997 |
Muthoot Microfin
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Microfinance loans are extended to low-income women entrepreneurs. | Ernakulam, India, India | 2010 |
Business Activity of Utkarsh Small Finance Bank Limited
Utkarsh Small Finance Bank Limited is engaged in the principal business activity of financial and insurance service, with detailed activities including banking activities by central, commercial and saving banks.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K1 | Banking activities by Central, Commercial and Saving banks | ********* |
Auditor Details of Utkarsh Small Finance Bank Limited
Utkarsh Small Finance Bank Limited is audited by MM Nissim & Co LLP (ICAI peer reviewed, certificate valid till 2028-03-31); KKC & Associates LLP (ICAI peer reviewed, certificate valid till 2027-07-31) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| MM Nissim & Co LLP (ICAI peer reviewed, certificate valid till 2028-03-31); KKC & Associates LLP (ICAI peer reviewed, certificate valid till 2027-07-31) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Utkarsh Small Finance Bank Limited
Utkarsh Small Finance Bank Limited is currently managed by 10 directors, with 24 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
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Ajay Kumar Kapur
Also directs:
Nabfins Limited
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Director | 02 Mar 2021 | 5 Years 4 Months | Current |
| Kalpana Prakash Pandey | Director | 29 Apr 2020 | 6 Years 2 Months | Current |
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Shivaji Kshatrapati
Also directs:
Wealth Company Asset Management Holdings Private Limited
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Director | 01 Jul 2025 | 1 Years 0 Months | Current |
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Govind Singh
Also directs:
Utkarsh Welfare Foundation
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Managing Director | 31 May 2018 | 8 Years 1 Months | Current |
| Gauri Rushabh Shah | Director | 01 Jun 2025 | 1 Years 1 Months | Current |
| Sarju Pravin Simaria | Cfo | 31 Oct 2022 | 3 Years 8 Months | Current |
Financials of Utkarsh Small Finance Bank Limited FY 2026 filings available
Utkarsh Small Finance Bank Limited reported revenue of ₹3,378.78 Cr (down 10.26% YoY) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.
| Metrics | FY 2026 | FY 2025 | FY 2024 |
|---|---|---|---|
| Revenue from Operations | ₹3,378.78 Cr | ₹3,764.92 Cr | ₹3,178.41 Cr |
| Interest Earned | ₹3,378.78 Cr | ₹3,764.92 Cr | ₹3,178.41 Cr |
| Other Income | ₹430.97 Cr | ₹599.83 Cr | ₹400.4 Cr |
| Total Income | ₹3,809.75 Cr | ₹4,364.75 Cr | ₹3,578.81 Cr |
| Employee Benefit Expense | ₹947.96 Cr | ₹845.6 Cr | ₹736.95 Cr |
| Interest Expended | ₹1,902.04 Cr | ₹1,742.06 Cr | ₹1,292.61 Cr |
| Operating Expenses | ₹1,851.36 Cr | ₹1,615.76 Cr | ₹1,288.94 Cr |
| Operating Profit before Provisions | ₹56.35 Cr | ₹1,006.93 Cr | ₹997.27 Cr |
| Provisions (other than tax) | ₹1,562.96 Cr | ₹979.28 Cr | ₹337.88 Cr |
| Profit Before Tax | -₹1,506.61 Cr | ₹27.65 Cr | ₹659.39 Cr |
| Total Tax Expense | -₹355.64 Cr | ₹3.95 Cr | ₹161.76 Cr |
| Net Profit | -₹1,150.98 Cr | ₹23.7 Cr | ₹497.63 Cr |
| Basic EPS | ₹-8.37 | ₹0.22 | ₹4.79 |
| Diluted EPS | ₹-8.37 | ₹0.22 | ₹4.75 |
| Gross NPA | ₹1,459.9 Cr | ₹1,854.38 Cr | ₹417.58 Cr |
| Gross NPA % | 0.08% | 0.09% | 0.00% |
| Net NPA % | 0.03% | 0.05% | 0.00% |
| Return on Assets % | -0.04% | 0.00% | 0.00% |
| CET1 Ratio % | 0.15% | 0.21% | 0.00% |
| Metrics | FY 2026 | FY 2025 | FY 2024 |
|---|---|---|---|
| Total Assets | ₹28,869 Cr | ₹28,127 Cr | ₹23,903 Cr |
| Equity (Net Worth) | ₹2,775.6 Cr | ₹2,974.5 Cr | ₹2,973.19 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 |
|---|---|---|---|
| Operating Cash Flow | ₹780.69 Cr | ₹875.58 Cr | ₹991.23 Cr |
| Investing Cash Flow | -₹3,308.58 Cr | -₹776.88 Cr | -₹619.8 Cr |
| Financing Cash Flow | ₹1,412.49 Cr | ₹310.45 Cr | ₹139.67 Cr |
| Dividends Paid | ₹0 | ₹55.02 Cr | ₹0 |
| Net Change in Cash | -₹1,115.39 Cr | ₹409.15 Cr | ₹511.11 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹836.75 Cr | ₹821.15 Cr | ₹839.97 Cr | ₹880.91 Cr | ₹879.62 Cr | ₹932.43 Cr | ₹986.95 Cr | ₹965.92 Cr | ₹895.62 Cr | ₹805.98 Cr | ₹756.32 Cr |
| Interest Earned | ₹836.75 Cr | ₹821.15 Cr | ₹839.97 Cr | ₹880.91 Cr | ₹879.62 Cr | ₹932.43 Cr | ₹986.95 Cr | ₹965.92 Cr | ₹895.62 Cr | ₹805.98 Cr | ₹756.32 Cr |
| Other Income | ₹115.32 Cr | ₹80.56 Cr | ₹97.35 Cr | ₹137.75 Cr | ₹287.11 Cr | ₹105.49 Cr | ₹102.59 Cr | ₹104.65 Cr | ₹120.68 Cr | ₹82.66 Cr | ₹105.17 Cr |
| Total Income | ₹952.07 Cr | ₹901.71 Cr | ₹937.32 Cr | ₹1,018.65 Cr | ₹1,166.73 Cr | ₹1,037.92 Cr | ₹1,089.54 Cr | ₹1,070.57 Cr | ₹1,016.3 Cr | ₹888.64 Cr | ₹861.49 Cr |
| Employee Benefit Expense | ₹237.33 Cr | ₹246.2 Cr | ₹236.24 Cr | ₹228.2 Cr | ₹204.25 Cr | ₹225.37 Cr | ₹210.73 Cr | ₹205.24 Cr | ₹210.41 Cr | ₹179.68 Cr | ₹176.57 Cr |
| Interest Expended | ₹460.65 Cr | ₹472.8 Cr | ₹489.5 Cr | ₹479.09 Cr | ₹468.22 Cr | ₹452.31 Cr | ₹428.79 Cr | ₹392.75 Cr | ₹355.67 Cr | ₹323.67 Cr | ₹314.8 Cr |
| Operating Expenses | ₹479.11 Cr | ₹473.18 Cr | ₹451.15 Cr | ₹447.92 Cr | ₹464.53 Cr | ₹400.35 Cr | ₹384.34 Cr | ₹366.53 Cr | ₹378.41 Cr | ₹308.81 Cr | ₹309.01 Cr |
| Operating Profit before Provisions | ₹12.31 Cr | -₹44.28 Cr | -₹3.32 Cr | ₹91.64 Cr | ₹233.98 Cr | ₹185.26 Cr | ₹276.41 Cr | ₹311.28 Cr | ₹282.22 Cr | ₹256.15 Cr | ₹237.68 Cr |
| Provisions (other than tax) | ₹244.39 Cr | ₹446.41 Cr | ₹461.65 Cr | ₹410.51 Cr | ₹222.7 Cr | ₹423.2 Cr | ₹208.34 Cr | ₹125.04 Cr | ₹73.87 Cr | ₹104.1 Cr | ₹83.26 Cr |
| Profit Before Tax | -₹232.08 Cr | -₹490.69 Cr | -₹464.97 Cr | -₹318.87 Cr | ₹11.28 Cr | -₹237.94 Cr | ₹68.07 Cr | ₹186.24 Cr | ₹208.35 Cr | ₹152.05 Cr | ₹154.43 Cr |
| Total Tax Expense | -₹44.07 Cr | -₹115.67 Cr | -₹116.51 Cr | -₹79.39 Cr | ₹8.31 Cr | -₹69.89 Cr | ₹16.7 Cr | ₹48.84 Cr | ₹48.69 Cr | ₹35.99 Cr | ₹40.01 Cr |
| Net Profit | -₹188.02 Cr | -₹375.02 Cr | -₹348.46 Cr | -₹239.48 Cr | ₹2.97 Cr | -₹168.05 Cr | ₹51.38 Cr | ₹137.4 Cr | ₹159.66 Cr | ₹116.06 Cr | ₹114.42 Cr |
| Basic EPS | ₹-1.06 | ₹-2.46 | ₹-3.16 | ₹-2.17 | ₹0.03 | ₹-1.53 | ₹0.47 | ₹1.25 | ₹1.45 | ₹1.14 | ₹1.17 |
| Diluted EPS | ₹-1.06 | ₹-2.46 | ₹-3.16 | ₹-2.17 | ₹0.03 | ₹-1.53 | ₹0.46 | ₹1.24 | ₹1.44 | ₹1.13 | ₹1.15 |
| Gross NPA | ₹1,459.9 Cr | ₹1,985.95 Cr | ₹2,276.08 Cr | ₹2,196.22 Cr | ₹1,854.38 Cr | ₹1,176.76 Cr | ₹718.74 Cr | ₹475.63 Cr | ₹417.58 Cr | ₹464.43 Cr | ₹403.53 Cr |
| Gross NPA % | 0.08% | 0.11% | 0.12% | 0.11% | 0.09% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Net NPA % | 0.03% | 0.04% | 0.05% | 0.05% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Return on Assets % | -0.01% | -0.01% | -0.01% | -0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| CET1 Ratio % | 0.15% | 0.20% | 0.17% | 0.17% | 0.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Segment · Q4 FY26 (latest quarter) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Retail | ₹730.96 Cr | -₹202.12 Cr | ₹15,375 Cr | ₹18,402 Cr |
| Wholesale | ₹79.39 Cr | ₹2.71 Cr | ₹3,085.79 Cr | ₹4,826.16 Cr |
| Treasury | ₹141.72 Cr | -₹32.67 Cr | ₹9,370.34 Cr | ₹2,843.71 Cr |
| Unallocated | ₹0 | ₹0 | ₹1,038.18 Cr | ₹21.89 Cr |
| Capital & other reserves | ₹0 | ₹0 | ₹0 | ₹2,775.6 Cr |
| Segment · FY 2026 (annual) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Retail | ₹2,948.26 Cr | -₹1,465.3 Cr | - | - |
| Wholesale | ₹289.35 Cr | ₹24.5 Cr | - | - |
| Treasury | ₹572.14 Cr | -₹65.81 Cr | - | - |
| Unallocated | ₹0 | ₹0 | - | - |
| Capital & other reserves | ₹0 | ₹0 | - | - |
Board & Governance of Utkarsh Small Finance Bank Limited
As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Utkarsh Small Finance Bank Limited has 8 directors - 5 independent and 1 executive. The board is chaired by Kshatrapati Shivaji.
| Director | Position | On board since | Listed boards |
|---|---|---|---|
| Kshatrapati Shivaji | Non-Executive - Independent Director · Chairperson | 2025-07-01 | 1 |
| Parveen Kumar Gupta | Non-Executive - Independent Director | 2021-09-01 | 3 |
| Ajay Kumar Kapur | Non-Executive - Independent Director | 2021-03-02 | 1 |
| Kalpana Prakash Pandey | Non-Executive - Independent Director | 2020-04-29 | 1 |
| Muralidharan Rajamani | Non-Executive - Non Independent Director | 2021-03-02 | 1 |
| Gauri Rushabh Shah | Non-Executive - Independent Director | 2025-06-01 | 1 |
| Ram Jass Yadav | Non-Executive - Non Independent Director | 2026-01-03 | 1 |
| Govind Singh | Executive Director · CEO-MD | 2016-04-30 | 1 |
| Committee | Members |
|---|---|
| Audit Committee | Gauri Rushabh Shah (Chairperson), Ajay Kumar Kapur, Kalpana Prakash Pandey, Parveen Kumar Gupta |
| Nomination and remuneration committee | Parveen Kumar Gupta (Chairperson), Muralidharan Rajamani, Kshatrapati Shivaji, Ram Jass Yadav |
| Stakeholders Relationship Committee | Gauri Rushabh Shah (Chairperson), Kalpana Prakash Pandey, Govind Singh, Muralidharan Rajamani (Chairperson), Ram Jass Yadav (Chairperson) |
| Risk Management Committee | Ajay Kumar Kapur (Chairperson), Kalpana Prakash Pandey, Kshatrapati Shivaji, Govind Singh |
| Corporate Social Responsibility Committee | Ram Jass Yadav (Chairperson), Muralidharan Rajamani (Chairperson), Ajay Kumar Kapur, Kalpana Prakash Pandey |
Charges & Borrowings of Utkarsh Small Finance Bank Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 23 Mar 2021 | Others | ₹3.85 Lakh | Open |
| 02 May 2017 | Others | ₹34.8 Cr | Satisfied |
| 06 Apr 2017 | Others | ₹6.75 Cr | Satisfied |
| 31 Mar 2017 | Others | ₹39.2 Cr | Satisfied |
| 31 Mar 2017 | Others | ₹50 Cr | Satisfied |
Total charge records: 41 View all charges
Employees and EPFO Compliance at Utkarsh Small Finance Bank Limited
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Employee Count & EPFO Data of Utkarsh Small Finance Bank Limited
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GST Compliance of Utkarsh Small Finance Bank Limited
GSTIN & GST Filing Data of Utkarsh Small Finance Bank Limited
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Credit Ratings, Litigation & Regulatory Alerts for Utkarsh Small Finance Bank Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Utkarsh Small Finance Bank Limited
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MSME Payment Delays by Utkarsh Small Finance Bank Limited
MSME Payment Delays by Utkarsh Small Finance Bank Limited
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Subsidiaries & Group Companies of Utkarsh Small Finance Bank Limited
Subsidiaries & Group Companies of Utkarsh Small Finance Bank Limited
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MCA Filings & Documents of Utkarsh Small Finance Bank Limited
MCA Filings & Documents of Utkarsh Small Finance Bank Limited
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Recent Activity on Utkarsh Small Finance Bank Limited
Recent News on Utkarsh Small Finance Bank Limited
Frequently Asked Questions about Utkarsh Small Finance Bank Limited
Utkarsh Small Finance Bank Limited is an active public limited company in the financial services sector based in Varanasi, Uttar Pradesh, India. It was incorporated on 30 April 2016 (10+ years old) and is registered under CIN L65992UP2016PLC082804. The company has 15,950 employees.
Utkarsh Small Finance Bank Limited reported revenue of ₹4,364.76 Cr for FY 2025 (up 22.00% YoY).
The current directors of Utkarsh Small Finance Bank Limited are:
- Ajay Kumar Kapur
- Kalpana Prakash Pandey
- Shivaji Kshatrapati
- Govind Singh
- Gauri Rushabh Shah
- Sarju Pravin Simaria
- Muthiah Ganapathy
- Rajamani Muralidharan
- Parveen Kumar Gupta
- Sarjukumar Pravin Simaria
The primary industry of Utkarsh Small Finance Bank Limited is financial services. The company specifically operates in commercial banks. The company is currently active in this sector.
Yes, Utkarsh Small Finance Bank Limited is a listed company.
Utkarsh Small Finance Bank Limited can be reached at the registered office: Utkarsh Tower Nh – 31 Airport Road Sehmalpur Kazi Sarai Harhua, Varanasi, Uttar Pradesh, India – 221105, or through the website utkarsh.bank.