Fincare Small Finance Bank

In July 2017, Fincare, the Bengaluru-based Micro Finance Institution, turned into a small finance bank. Fincare Small Finance Bank was created by merging two microfinance organizations (Future Financial Services Private Limited and Disha Microfin Private Limited. Disha Microfin & NBSP Private Limited ), which received their final license from the RBI under Section 22 of the Banking Regulation Act, 1949, and began operating in May 2017.

References

https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=41147 https://www.apnnews.com/fincare-small-finance-bank-gets-scheduled-commercial-bank-status/ https://www.livemint.com/market/ipo/fincare-small-finance-bank-gets-go-ahead-for-rs-1-330-crore-ipo-11627900938535.html

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