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  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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