First branch of Utkarsh Small Finance Bank opened in Puducherry. Managing Director and Chief Executive Officer Govind Singh inaugurated the bank’s 22 branches at 22 locations in Puducherry, Karnataka, Maharashtra, Jharkhand, Gujarat, Odisha, Uttar Pradesh, Bihar, Aryana, Punjab and Rajasthan. . With the opening of these new branches, the bank is operating with a total of 737 branches in 23 states and union territories across the country.
This newly opened bank branch in Puducherry offers interbank lending, micro banking loans, micro, small and medium enterprise loans, home loan, property loan, commercial vehicles and construction equipment loans and gold jewelery loan, current and savings accounts, fixed and It offers banking related services including fixed deposits, insurance schemes to its customers. The main objective of this bank is to provide financial services to people who do not use banking services much.
Govind Singh, Managing Director of the bank said, “Puducherry is one of the significant areas of our business expansion. In the coming days our bank will focus more on commercial activities. Here customers can avail all the facilities related to financial services including Current and Savings Accounts, Fixed and Recurring Deposits, Loans, Insurance and Investment Schemes. Customers can avail these services through its branches, 24-hour ATMs, Internet Banking, Mobile Banking, Unite Payment Interface and Call Center. “The bank is also providing customers with the facility to open a bank account without going to the branch using the ‘Digi On-Boarding’ app through the tablet,” he said.