Newest small finance bank Utkarsh Micro Finance will focus on affordable housing and MSME segments and target more retail customers to expand its deposit base, a top company official said.
Varanasi-based Utkarsh started its small finance bank (SFB) operations last week with five branches in Varanasi, Patna, Delhi-NCR and Nagpur.
“In terms of asset size, we currently have micro finance, micro, small and medium enterprises (MSME) and affordable housing. Our idea is to increase the share of MSME and affordable housing in the next 12-15 months time.
“Also, our ticket size in MSME and housing is on the lower side. We want to increase the ticket size,” Govind Singh, MD and CEO, Utkarsh Small Finance Bank told
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