Get the Latest News on Fincare Small Finance Bank

Hot Deals:

a v thomas 13,300.00 (1.53 %) adtech 27.05 (0.19 %) agarwal bolts 1,210.00 (0.75 %) amol minechem 620.00 (1.64 %) anand i-power 20.00 anglo french 370.00 (-2.37 %) api holdings ltd 24.10 (0.42 %) arkfin investments 50.00 arohan 170.00 (-0.58 %) assam carbon 208.00 (-0.95 %) associated pigments 42.01 (0.02 %) atlas copco 10,000.00 (1.01 %) auckland international 129.00 (-0.77 %) axles 181.00 (0.56 %) b9 beverages limited 691.00 (-1.29 %) balmer lawrie 197.00 (-1.50 %) bharat hotels 150.00 (0.67 %) bima mandi 700.00 c & s electric 471.00 (0.21 %) capgemini 9,900.00 (-1.00 %) care health 143.00 (-0.69 %) carrier aircon 260.00 (1.96 %) cial 174.00 (-0.57 %) csfbl 321.00 (0.31 %) csk 163.00 (-2.98 %) dalmia refract 118.00 (-1.67 %) dsp merrill lynch 1,000.00 east india pharma 43.90 (-0.23 %) eaton fluid 415.00 (0.24 %) electronica plastic 4,110.00 (0.24 %) elgi ultra 400.00 elofic 1,925.00 (0.84 %) esl steel 36.00 (-2.70 %) fincare business 43.00 fincare sfbl 191.00 (0.53 %) fino paytech 149.00 (-0.67 %) flipkart india 231,001.00 (0.00 %) frick india 2,710.00 (0.37 %) gkn drive 1,111.00 (1.00 %) go digit general insurance ltd 354.00 (1.14 %) godavari bio 71.00 (1.43 %) hdbfsl 630.00 (1.61 %) hdfc ergo 370.00 (1.70 %) hdfc securities 11,500.00 (1.50 %) hella india 380.00 (1.33 %) hero fincorp 840.00 (-1.18 %) hicks 1,710.00 (0.59 %) hira ferro 120.00 (-0.83 %) honeywell electrical 3,333.00 (-1.97 %) icex 0.10 (-0.10 %) imagine marketing 800.00 (-1.84 %) incred financial 100.00 india carbon 945.00 (-0.53 %) india exposition 144.00 (-1.37 %) indian potash 1,600.00 (-1.84 %) indofil 710.00 (-2.34 %) infinite computer 700.00 inkel 12.00 (-1.64 %) ixigo 80.00 (1.27 %) jana sfbl 75.00 kel 540.00 (1.89 %) kial 105.00 (-1.87 %) kurlon limited 310.00 (1.31 %) lava 111.00 (0.91 %) manipal housing 72.50 (0.69 %) manjushree tech 900.00 (-1.10 %) martin & harris 1,170.00 (-2.50 %) merino 2,600.00 (-3.70 %) minosha 282.00 (0.71 %) mitsubishi heavy 355.00 (1.43 %) mkcl 304.00 (-0.65 %) mobikwik 390.00 (-2.50 %) mohan meakin 1,330.00 (0.38 %) mohfl 8.10 (1.25 %) msei 1.00 (1.01 %) msil 57.00 (1.79 %) nayara energy 150.00 (-1.32 %) nayara energy ncd 255.00 (-1.92 %) ncdex 275.00 ncl buildtek 180.00 (2.86 %) ncl holdings 53.00 (1.92 %) nse 3,100.00 (-0.80 %) oravel stays limited 64.00 (-1.54 %) orbis financial 81.00 (1.25 %) oswal minerals 65.00 (1.56 %) otis 3,600.00 (-2.70 %) panasonic appliances 295.00 (0.68 %) panasonic avc 29.10 (0.34 %) paymate india 584.00 (0.69 %) philips 979.00 (-1.11 %) philips domestic 569.00 (-0.18 %) pnb metlife 70.00 proyuga adtech 25.00 purity flexpack 20.00 ramaraju surgical 306.00 (-2.24 %) rasoi 31,500.00 (0.32 %) reliance gic 340.00 resins plastics 414.00 (1.97 %) ring plus 404.00 (-0.25 %) rrl 2,280.00 (-0.87 %) sab miller 305.00 (0.66 %) sbi funds 880.00 (-2.22 %) scottish assam 443.00 (-1.56 %) shriram life 261.00 (0.38 %) sigachi lab 40.10 (0.25 %) signify 1,161.00 (0.96 %) simpson & company 3,500,000.00 smile micro 52.00 (-1.89 %) sportskeeda 3,303.00 sterlite power 430.00 (1.18 %) studds 850.00 (-2.30 %) svsml 430.00 (-2.27 %) t stanes 729.00 (1.25 %) tata capital 56.00 (1.82 %) tata tech 840.00 (0.60 %) teesta agro 81.00 (1.25 %) trl krosaki 1,200.00 (-1.96 %) utkarsh coreinvest 137.00 (0.74 %) vikram solar 55.50 (-0.89 %)

An IPO for Fincare Small Finance Bank was approved by the Securities and Exchange Board of India (Sebi)

Fincare Small Finance Bank Limited

Created at 02 Aug 2021 10:38

According to a statement released on Monday, Fincare Small Finance Bank (Fincare SFB) Ltd has received approval from the Securities and Exchange Board of India (Sebi) to launch an initial public offering (IPO) with a target valuation of Rs1,330 crore.

Bengaluru-based Fincare Small Finance Bank is a "digital-first" SFB with an emphasis on unbanked and underbanked consumers, particularly in rural and semi-urban areas, and is headquartered in Bengaluru. According to the Reserve Bank of India (RBI), it was one of the ten applicants who were granted clearance to convert from a microfinance institution to a savings and loan association (SFA) under the guidelines for this new class of banks established by the central bank in 2015.

It began conducting banking operations in July of this year. The proceeds from the new share offering will be used to increase the bank's tier-1 capital base in order to fulfill its future capital requirements, according to the company. Approximately 3.46% of total advances were NPAs as of December 2020. The net NPA to advances ratio was 1.88% as of December 2020.

https://wwipl.com