The micro Finance Business was converted into a Bank which started his journey with its incorporation on April30,2016. the bank applied for a Banking Licence to RBI and subsequently, the final license was received from RBI on November25,2016. terms and conditions of the license issued to Utkarsh Small Finance Bank Ltd to commence small bank business stipulate amongst others that the promoting entity (Utkarsh Micro Finance Limited) of the small finance bank shall be registered as an NBFC- Core Investment Company after the transfer of its business to the bank. BUY Offer Back