Fincare Small Finance Bank

Overview

  • Sectors Small Finance Bank
  • Viewed 317
  • Founded Since 1850

Company Description

Fincare Small Finance Bank commenced banking operations on 21st July, 2017, after receiving the final license from the RBI under Section 22 of the Banking Regulation Act, 1949. Fincare Small Finance Bank enables financial inclusion of the underbanked base of pyramid, mass retail and micro & small enterprise segments. With 500 + banking outlets and 5000+ employees, it serves the banking needs of consumers across 13 states – Andhra Pradesh, Chattisgarh, Delhi, Gujarat, Haryana, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Rajasthan, Tamil Nadu, Telangana, Uttar Pradesh and the Union Territory of Puducherry.

Fincare Business Services Limited, the holding company of Fincare Small Finance Bank, is backed by marquee investors like True North, TA Associates, Tata Opportunities Fund, Leapfrog Investments, SIDBI, Kotak Mahindra Life, Edelweiss Tokio Life among others.

Started in 2007, Fincare has been a provider of microfinance loans for income generation purposes to women groups. It has more than 14 lakhs customers with a gross loan portfolio of Rs. 2,836 crores as on 31st December, 2018. Fincare Small Finance Bank has a suite of smart banking products such as Savings Accounts, Current Accounts, Fixed Deposits, NRI Fixed deposits and Recurring Deposits , Micro Loans, Cash Overdraft, Loans against Property, Loans Against Gold, Institutional Finance and Two-wheeler loans.

 

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