Utkarsh Small Finance Bank Limited
ICICI Prudential Life Insurance increased its stake in Utkarsh Small Finance Bank from 2.92% to 2.96%, buying 869,880 shares worth ₹1.3 Cr.
A small finance bank incorporated in 2016, Utkarsh Small Finance Bank provides comprehensive banking and financial services across India. The institution focuses on serving underserved and unbanked communities through retail lending, deposits, and digital banking solutions. It operates as a regulated financial services provider offering savings accounts, term deposits, and credit products within the small finance banking sector.
Joint venture between ICICI Bank and Prudential plc. Total AUM in excess of Rs 3.2 lakh crore deployed across linked, participating and non-participating funds. CIO Manish Kumar has run the equity book for over a decade, with style biased to quality large and mid-caps. Active across primary and secondary markets through ULIP and group fund mandates.