Fincare Small Finance Bank Expands Operations in Western India

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National, October 2023: Fincare Small Finance Bank, renowned for its innovative and inclusive digital banking theme, is poised to enhance its presence in the western region, comprising Maharashtra, Gujarat, Goa & Madhya Pradesh. With an unwavering commitment to financial inclusion, the bank aims to contribute to the region’s economy, harnessing the power of technology and innovation. The Bank has inaugurated new banking outlets in the cities of Mumbai and Pune thus elevating the total branch count in the region to 275 (273 Branches & 2 Business Correspondents).

By implementing cutting-edge technology and embracing a customer-centric approach, the bank aims to redefine the banking experience for its customers. This milestone marks a significant step in the Bank’s journey to expand its footprint and empower the community with comprehensive banking services tailored to meet the diverse needs of rural, mass retail as well and affluent customers.

In addition to bolstering the existing business verticals, the bank has ambitious plans for participating in the region’s growth. These plans encompass innovative solutions that will create new opportunities and further enhance the region’s micro and small enterprises ecosystem. The Bank is looking forward to unveiling these plans in the near future.

Speaking on the occasion, Mr. Rajeev Yadav, [MD & CEO] at Fincare Small Finance Bank, said, “The Bank is dedicated to bringing the power of digital banking to the heart of Western India. The new branches in Mumbai and Pune will not only expand our footprint but also ensure that our high-tech, inclusive banking model reaches even more individuals and businesses. Our commitment to providing innovative financial solutions remains unwavering, and this expansion is a testament to that commitment.”

Through the expansion, Fincare Small Finance Bank is set to take another step in fostering digital financial inclusion and driving economic growth in the region. As the bank looks ahead to a brighter future, the bank reaffirms its commitment to serving the community and contributing to the region’s prosperity.

As of 31st March 2023, the Bank has a network of 1,231 banking outlets spread across 19 states and three union territories, covering 338 districts and 57,186 villages. The Bank serves 42+ Lakh customers and has a workforce of 14,000+.