What is the highest salary in Utkarsh Small Finance Bank?
The highest-paying job at Utkarsh Small Finance Bank is a Deputy Vice President with a salary of ₹30.1 Lakhs per year. The top 10% of employees earn more than ₹8.44 lakhs per year. The top 1% earn more than a whopping ₹27 lakhs per year.
Managing Director and CEO
Mr. Govind Singh is the Managing Director and Chief Executive Officer of our Bank. He holds a bachelor's degree in commerce from Delhi University. He is a certified associate of the Indian Institute of Bankers.
The highest-paying job at Ujjivan Small Finance Bank is a National Manager with a salary of ₹42.9 Lakhs per year. The top 10% of employees earn more than ₹11.21 lakhs per year. The top 1% earn more than a whopping ₹27.89 lakhs per year.
Utkarsh Small Finance Bank has been recognised as a scheduled bank by the RBI, which makes its depositors eligible for deposit insurance provided by the Depositor Insurance and Credit Guarantee Corporation (DICGC).
Headquartered at Varanasi, Uttar Pradesh, USFBL has operations in Assam, Bihar, Chandigarh, Chhattisgarh, Gujrat, Haryana, Himachal Pradesh, Jharkhand, Madhya Pradesh, Maharashtra, Nct of Delhi, Odisha, Rajasthan, Telangana, Uttar Pradesh, Uttarkhand and West Bengal.
The Varanasi-based firm has operations across 26 states and Union Territories with 830 banking outlets and 15,424 employees as of March 31, 2023. It had a 3.59 million customer base majorly located in rural and semi-urban areas primarily in Bihar and Uttar Pradesh.
State Bank of India (SBI) provides the highest salary among all public sector banks in India. They will give an enormous amount of pay along with handsome perks, allowances, and benefits to the employees. SBI PO is one of the most demandable and desirable jobs in the Banking sector.
The net profit of UTKARSH SMALL FINANCE BANK stood at Rs 4,045 m in FY23, which was up 558.1% compared to Rs 615 m reported in FY23. This compares to a net profit of Rs 1,118 m in FY21 and a net profit of Rs 1,867 m in FY20. Over the past 5 years, UTKARSH SMALL FINANCE BANK''s net profit has grown at a CAGR of 44.1%.
About Utkarsh Small Finance Bank Limited
The Bank commenced its operations on January 23, 2017, pursuant to the small finance banking licence granted by RBI on November 25, 2016.
About Utkarsh Small Finance Bank
The bank operates across 26 states and union territories of India, with a total of 830 branches.
Who is the nodal officer of utkarsh bank?
Sankha Basu, Principal Nodal Officer at pno@utkarsh.bank. As per the Banking Ombudsman Scheme 2006, if your complaint is not resolved within one month from filing the complaint or if you are not satisfied with the reply, finally you can also write to Office of the Banking Ombudsman appointed by Reserve Bank of India.
The Reserve Bank has issued a licence to the bank under Section 22 (1) of the Banking Regulation Act, 1949 to carry on the business of small finance bank in India.
Mr. Sanjay Agarwal is promoter and Managing Director & CEO of the Bank and has over 25 years of strategic executive experience.
The average BANK JOB monthly salary ranges from approximately ₹ 15,960 per month for Field Executive to ₹ 18,974 per month for Personal Banking Representative.
According to Payscale.com, the average annual salary in the banking industry is an impressive $82,758 annually. Entry-level positions can start around $51,688 per year, with more experienced staff making upwards of $131,977 a year, but the income range highlights the potential for career development.
s Sashidhar Jagdishan is the best-paid bank CEO in India, leading a group of private-sector bank bosses as the top earners in the sector.
Chairman or CEO or Managing Director is the highest post in a bank. The ranking of the postings may vary for various banks. If you want to attain the top position in the bank, you should enter the bank as a Probationary Officer or Scale 1 Officer.
In the subset of scheduled small finance banks, Unity Small Finance Bank stands out with the highest FD interest rate at 9.00% p.a., closely followed by Suryoday Small Finance Bank offering rate of 8.65% p.a. In the scheduled private sector banks, SBM Bank takes the lead with the best FD interest rate of 8.25% p.a. for ...
The company's net profit increased 77% to Rs 32 crore in FY21 from Rs 18 crore in FY20. In 2022, the company claims to have clocked a turnover of Rs 150 crore, while EBITDA stood at Rs 59 crore.
Financial Highlights of FY20-21 a) Utkarsh Small Finance Bank has clocked revenue of 1,725 Crore in FY 2020-21, compared to 1,406 Crore in FY 2019-20, clocking a year-on-year growth of 22.68%.
Why micro finance in utkarsh?
Purpose of Utkarsh Microfinance
The purpose of the Samridhi Secured and Samridhi Unsecured micro enterprise loans is predominantly for acquiring assets. They can also be used for all business related expenses arising from renovation of business structure and can also be used as capital required to carry out operations.
“At higher price band ( ₹25), the stock is valued at 1.8(x) P/BVPS with current book value per share of ₹18. Factoring the superlative return ratios, FY23 ROAA/ROAE of 2.42%/22.84%. We believe that Utkarsh Small Finance Bank is worth subscribing. We recommend to Subscribe," said the brokerage in its report.
Capital Small Finance Bank was established in April 2016 as India's first small finance bank and is based in Jalandhar.
Mr. Sunil Bansal is the founder of Utkarsh India Limited (formerly known as Utkarsh Tubes & Pipes Limited). He is the Chairman and the Managing Director of the Company. His 25 years of experience in the industry have helped the Company grow rapidly, penetrating various product segments.
Sanjay Agarwal - AU SMALL FINANCE BANK | LinkedIn.
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