Mumbai, March 31 -- The bank has sold two pools with an aggregate outstanding principal of Rs 1,490.99 crore for a total consideration of Rs 195.29 crore.

The first pool, comprising Rs 1,016.24 crore of loans (2.92 lakh accounts), has been sold to Asset Reconstruction Company India for Rs 133.10 crore.

The second pool, comprising Rs 474.75 crore of loans (1.37 lakh accounts), has been sold to Shriram Asset Reconstruction for Rs 62.19 crore.

Utkarsh Small Finance Bank is engaged in providing banking and financial services with a focus on providing financial services to the underserved and unserved sections. The bank's microfinance lending activities are primarily focused in rural and semi-urban locations of the country, while its other ...