Disha Microfin receives Final License Approval from the RBI to set up a Small Finance Bank

Lok F F SPL Disha

Facilitating A Lifetime Of Progress At The Base Of Pyramid

Company Description


The Fincare platform comprises a portfolio of businesses providing financial and social inclusion at the base of the pyramid. Fincare operates four business verticals viz. Micro Finance (Group) Loans, Micro Enterprise Loans, Gold Loans and Bank Partnership Loans.

Business Profile

(30-Apr-17)

AUM - INR 1647 Cr

Footprint - 7 States,1 UT

Active clients - 12 Lakh +

CEO - Rajeev Yadav

CFO - Keyur Doshi


The Fincare group has been granted final license to form a Small Finance Bank by the Reserve Bank of India in May-17. Basis this, Fincare is under transformation to integrate the resources of the group companies under the proposed Fincare Small Finance Bank. The transformation would enable Fincare to provide a holistic set of financial products covering credit, savings, investment and payment needs of the underbanked customers.


PORTFOLIO


Microfinance Institutions

Disha Microfin and Future Financial Servicess are NBFC-MFIs registered with the Reserve Bank of India, providing affordable financial services to low income rural and semi-urban households, thereby aiding in their economic progress and facilitating their integration with the mainstream population.

As part of our transformation to proposed Fincare Small Finance Bank, basis license from RBI, the business portfolio of FFSPL is transferred to Disha Microfin, the license recipient. With effect from 01-Oct-16, the on-book portfolio of Fincare group is under Disha balance sheet.

Bank Partnership

Fincare Lok operates as a business correspondent for leading banks partnering their financial inclusion agenda by distributing loans and allied products.