Fincare Small Finance Bank (formerly Disha Microfin) commences operations on 21-Jul-2017

Business Profile


Company Description

Fincare Business Services Limited was incorporated on 5th August 2014, as a Private Limited Company with its Registered Office at Bengaluru, Karnataka. In 2016, Fincare Business Service Limited was converted into a Public Limited Company and transited to a Non-Deposit taking Systematically Important- Core Investment Company (CIC-ND-SI) vide RBI Certificate of Registration dated 2nd February 2017 with its main objective of providing loans) to its subsidiary Company, i.e Fincare Small Finance Bank Limited and other group Companies.

Portfolio


Fincare Small Finance Bank

Fincare Small Finance Bank is a new age retail bank with ‘Rurban’ focus built on trust, technology, and transparency. The Bank became operational in May 2017, upon receipt of the final license of the Reserve Bank of India under Section 22 of the Banking Regulations Act 1949. The Bank commenced its banking operations on 21st July 2017 with a vision to enable the financial inclusion of unbanked and underbanked customers with the active participation of the more affluent segments. The Bank has its registered office at Ahmedabad, Gujarat and its Corporate Office is located at Bengaluru, Karnataka. In the first quarter of 2020, the Bank was included in the Second Schedule of Reserve Bank of India Act, 1934 and by virtue of which the Bank is now a Scheduled Commercial Bank, a status that reflects the highest degree of trust and good governance.