"Disha Microfin among the 10 applicants to receive RBI approval in Sep-15 for setting 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. With ‘Lifetime of Progress’ as its core DNA, Fincare operates three business verticals viz. Micro Finance (Group) Loans, Micro Enterprise Loans and Bank Partnership Loans.

Business Profile

(31-Dec-16)

AUM - INR 1800 Cr

Footprint - 7 States,1 UT

Active clients - 12.4 Lakh +

CEO - Rajeev Yadav

CFO - Keyur Doshi


The Fincare group has been granted in-principle approval to form a Small Finance Bank by the Reserve bank of India in September 2015. 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 the credit, savings, investment, insurance 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 bank transformation journey which started with the in-principle license from the RBI in Sep-15, the portfolio of FFSPL got transferred to Disha Microfin, a Fincare group company. With effect from 01-Oct-16, the entire on-book microfinance portfolio of Fincare Group is under a single balance sheet viz. that of Disha Microfin.

Bank Partnership

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