Post rights issue, CDC continued to be the largest shareholder with 14.14%.

World Bank's invest arm IFC sold a part of its holding in Utkarsh -- 4.9 per cent -- to Switzerland-based responsAbility Investments AG in ...

The access to public deposits would reduce their costs of fund as they would not have to rely on banks for funds for lending.

This is the first one to launch operation after demonetisation in this small finance bank space. CDC has pumped in Rs 150 crore in tier II ...

Incorporated in 2009, Utkarsh Micro Finance is among the top 10 micro finance company in the country with operations in 10 states.

"Utkarsh is also in process of completing secondary transactions by providing complete/partial exit to few funds which have been part of co...

The announcement comes two days after RBL's larger rival Kotak Mahindra Bank announced the buyout of the Karnataka-focused BSS MFI for Rs 1...

RBL Bank said that it has got all the necessary regulatory approvals. UMFL has received an in-principle approval from the RBI for setting u...

Utkarsh is among 10 entities that got the Reserve Bank of India's initial approval to set up small finance banks to serve the under-served.

Utkarsh Micro Finance, which received license to set up small finance bank, has raised Rs 30 crore in commercial paper, the company said.

Local investors had never shown a keen interest in this sector all these years while foreign private equity players made a killing.

Local investors had never shown keen interest in this sector all these years while foreign private equity players made a killing.

Varanasi-based Utkarsh Micro Finance has reduced lending rate for micro loans by one percentage point to 24%.

Varanasi headquartered Utkarsh Micro Finance has reduced lending rate for micro loans by one percentage point to 24 per cent.

Uttar Pradesh-based Utkarsh Micro Finance has raised Rs 75.8 crore in debt funding from a consortium of financiers.

The first four months of the year have already seen a number of mid-sized micro-lenders raising new rounds of equity and debt financing.

Varanasi-based non-banking finance company will use the proceeds of the latest round of financiang to build up its presence in UP, Bihar.