Current Affairs - Banking - Discussion

Fincare Small Finance Bank (previously known as Disha Microfin Limited) this started its banking operations with about 25 operational branches across Gujarat, Tamil Nadu, Karnataka and Andhra Pradesh. The bank was given final small finance bank (SFB) licence from the Reserve Bank of India (RBI) in May this year. On the day of its launch, the bank raised over Rs. 225 crore of deposits from its about 1000-odd depositors. The bank aims to be digitally driven, rural and semi-urban bank, focusing on the priority sectors and retail segments of micro and small enterprises.