Incorporated in June 2017, Fincare Small Finance Bank (‘Fincare SFB’) has been formed from the conversion of Disha Microfin Limited (‘Disha Microfin’), an NBFC-MFI. Disha Microfin was one among the 10 recipients of the ‘in-principle’ approval from the Reserve Bank of India (‘RBI’) in September 2015, an approval granted to select NBFCs & microfinance institutions to set up Small Finance Banks with the objective of furthering financial inclusion.
After having successfully navigated the Small Finance Bank transformation journey, Disha Microfin received the final license from the RBI under Section 22 of the Banking Regulation Act, 1949 to launch banking operations in May 2017. Fincare Small Finance Bank commenced banking operations on the 21st of July, 2017.
At Fincare Small Finance Bank, we aim to transform banking by making our products simple, processes automated and convenient, and decisions and transactions instantaneous for all our customers. Powered by technology, Fincare SFB has set a vision to be the first of its kind ‘Rurban’ Bank catering to the needs of the base of pyramid, mass retail and micro & small enterprise segments and ushering them into the era of #Smartbanking!