Unsupervised and self-supervised learning methods have leveraged unlabelled data to improve the pretrained models. However, these methods need significantly large amount of unlabelled data and the computational cost of training models with such large amount of data can be prohibitively high. We address this issue by using unlabelled data during finetuning, instead of pretraining. We propose acoustic model finetuning (FT) using labelled and unlabelled data. The model is jointly trained to learn representations to classify senones, as well as learn contextual acoustic representations. Our training objective is a combination of cross entropy loss, suitable for classification task, and contrastive loss, suitable to learn acoustic representations. The proposed approach outperforms conventional finetuning with 11.2% and 9.19% word error rate relative (WERR) reduction on Gujarati and Bengali languages respectively.