FINCARE: OUT TO MEET FINANCIAL INCLUSION GOALS OF INDIA, BEGINS OPERATIONS IN GOA

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Fincare Small Finance Bank, one of the fastest growing small finance banks, inaugurated its first branch in Goa; in Panaji today.

With this launch, Fincare Small Finance Bank deepens its footprint along India’s western coast. Inaugurating the banking outlet, Rajeev Yadav, Managing Director and Chief Executive Officer, said, “We are keen to facilitate economic progress of the people of Goa with a comprehensive bouquet of innovative banking solutions that we believe shall enhance the performance of Goa’s key business sectors, including fishing, agriculture, tourism, and pharmaceuticals. We also aim to cater to the growing demands of the NRI clientele in the region by providing superior interest rates on deposits and a seamless digital banking experience.”


Fincare Small Finance Bank plans to meet the financial requirements of a wide range of customer segments with the ‘Smart’ banking proposition that it believes has made Fincare a provider of choice across its operations. A wide range of products, including high-interest savings and high-efficiency current accounts with sweep in-sweep out facility, as well as a variety of loan products shall be available at the Fincare Small Finance Bank branch at Panaji. Transactions supported by the Unified Payment Interface (UPI) is another service provided by the Bank, states a press release.

Fincare Small Finance Bank is a new-age bank with a digital first approach. It offers its modern banking services through banking outlets, ATM, WhatsApp, Video Banking, Mobile Banking, Internet Banking and Chatbots. The bank aims to transform banking through automated processes, instant decisions, and seamless transactions. Powered by technology, Fincare Small Finance Bank, on one hand, caters to the banking needs of micro enterprises enabling their financial inclusion, and, on the other, provides innovative banking services to digitally metro and urban customers. Fincare Small Finance Bank commenced banking operations on 21st July 2017 under Section 22 of the Banking Regulation Act, 1949. It was included in the Second Schedule to the RBI Act, 1934 published in the Gazette of India dated April 13, 2019.
For more information, visit www.fincarebank.com

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