Fincare Small Finance Bank (Fincare SFB) announced the launch of its first branch in Pune at a press conference today. Marking a new journey in the city, Fincare SFB also launched the Auto Sweep-in Sweep-out Current Account to enhance customer experience. This product helps the small finance bank’s existing and potential current account holders to earn interest on their idle funds.
“Pune serves as an important banking city for us being the eighth largest metropolitan economy and has the sixth highest per capita income in the country. The city is established as an outsourcing destination for Information Technology, Education, Manufacturing, Traders, Biotechnology, etc. Launching our operations in Pune is a part of Fincare’s expansion plan to further strengthen our presence in the state of Maharashtra,” said Mr. Rajeev Yadav, MD & CEO, Fincare Small Finance Bank.
“We are excited to launch Auto Sweep-In Sweep-Out Current Account facility, a product specially designed keeping our customers’ needs in mind. Our current account customers can now earn interest on their idle funds, providing them the flexibility to use funds when the need in business arises. As one of the fastest growing small finance banks focused on digital financial inclusion, Fincare is strategically aligned to expand, reach and serve some of the underserved customer segments,” Mr. Yadav added further.
The small finance bank has over 15.5 lakh customers serviced through a network of over 570 banking outlets spanning 12 states and 1 Union Territory. Fincare SFB offers a complete suite of products including fund transfer facilities through NEFT, RTGS, IMPS, NACH as well as bill payment facilities. On the assets side, the bank provides loan against gold, loan against property, affordable housing loan and two-wheeler loans at affordable rates. Corporate salary and digital accounts are other noteworthy products.
