Claiming to keep up with its loan growth, microfinance solution provider Fincare Small Finance Bank is expanding its operations in Pan India and has opened its branch in Kolkata as an entry into Eastern India. Usually, the bank opens 150 branches annually and is now ready to grab the post-pandemic opportunity. The company has started an aggressive loan strategy and planning for branch expansion in tier 1 and tier 2 cities along with villages.
A renowned name in the retail banking industry in India, Fincare Small Finance Bank was established on August 5, 2014, as a Private Limited Company in Bengaluru. Then it converted into a public limited company in May 2017 under the final licence of the Reserve Bank Of India Under Sector 22 of the Banking Regulation Act 1949. On July 21, 2017, the bank started its operations with a vision to enable the financial inclusion of unbanked and underbanked customers. Today, the bank is a “digital-first” SFB that offers services, especially in rural and semi-urban areas. As per the CRISIL report, among SFB peers in India, Fincare Small Finance Bank recorded the highest growth rate from FY18 to FY20. As the bank focuses on providing individuals and businesses with financial products to meet their demands, it is a leading provider of financial services in rural and semi-urban areas.
With such impressive growth, Fincare Small Financial Bank Unlisted Share becomes a worthy investment for those who want to boost their investment portfolio. Today, the bank has expanded its services to other distant corners of India. Stride along to know more.
Expansion Of Services To Faraway Area Of India
Fincare Small Financial Bank is highly recognised for offering saving bank accounts, current accounts, fixed deposits, NRI fixed deposits, gold loans, microloans, cash overdrafts, two-wheeler finance, and loan against poverty to its customers. The bank also offers institutional finance, including term loans to enterprise customers up to Rs. 15 crores. With so much growth into account, the bank has expanded its services in east and north India, intending to become a semi-urban and rural-based bank. The bank is confident about its loan growth and is now opening new branches to help them mobilise more deposits. As of March 2021, the bank had 550 (100 units in bigger cities) branches spread across 12 states and three union territories.
The Financial Growth Of Fincare Small Finance Bank
Since its inception, Fincare Small Finance Bank has witnessed major growth in terms of finances. The bank had the highest advances growth rate of 72% during fiscal 2018-1019. The bank reported the highest adjusted Return On Assets (ROA) among all small finance banks in FY20. Well, the growth was principally driven by growth in borrowers from 1.02 million as of March 2018 to 2.19 million as of December 31, 2020, with a CAGR of 31.82%. Taking the customer base into account, they had a total of 2.7 million customers in December 2020. Their 92% of customers were located in rural areas, and 40% were new to their credit and banking services. The bank believes that its business model is profitable, sustainable, and socially beneficial. Here, look at the bank’s financial information for the last three years (Rupees in crores).
| Particulars | 2022 | 2021 | 2020 |
| Equity capital | 220.78 | 63.61 | 63.61 |
| Reserve & Surplus | 974.70 | 953.30 | 840.16 |
| Net Worth | 1195.48 | 1016.91 | 903.77 |
| Book Value Per Share Rs. | 54.15 | 159.87 | 142.08 |
| Total Income | 1647.65 | 1376.71 | 1215.72 |
| Profit | 8.87 | 113.14 | 143.45 |
| EPS Rs. | 0.38 | 5.50 | 24.43 |
Furthermore, the bank had also filed a Draft Red Herring Prospectus (DRHP) with the Securities And Exchange Board Of India (SEBI) for an initial public offering of Rs 1200 Cr. As the bank plans to go public, early investment in the company will help you get a high return on investment. To buy Fincare Small Finance Bank unlisted shares, connect with the best-unlisted share broker in India.
How To Buy Fincare Small Finance Bank Unlisted Shares?
Do you want to give a boost to your investment portfolio? Investment in Fincare Small Finance Bank Unlisted Shares should be an ideal option. Which is the right platform to buy unlisted shares in India – you ask? Stockify is one the most renowned unlisted share brokerage platforms in India. The platform has a comprehensive list of the top pre-IPO companies catering to different industries like manufacturing, retail, finance, energy, technology, etc.
Additionally, they have a team of expert brokers who can guide you throughout the buying and selling process of unlisted shares. Even if you need additional information about any company, such as EBITDA, EPS growth, and other key indicators, they will provide you with every essential detail. Take action now; just connect with Stockify and invest in unlisted shares to generate maximum ROI.
