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Small Fin Bank: Tamil Nadu makes up for 20 per cent of biz

Fincare Small Finance Bank (Fincare SFB) has launched its banking operations here with the opening of its first branch in the town.

Small Fin Bank: Tamil Nadu makes up for 20 per cent of biz
The top team of the bank at the inauguration of its Tiruchy branch


Its branch network is spread across 26 districts of Tamil Nadu with the latest addition geared towards catering to the financial needs of Tiruchy. A major engineering equipment manufacturing and fabrication hub in India, Tiruchy is also known for textile weaving, leather-work and gem cutting crafts businesses.

Fincare bank’s offerings are tailored to address the needs of these small and medium businesses, educational institutions that call this city home, as well as working professionals in the city.

Fincare SFB, MD & CEO Rajeev Yadav said, “TN contributes over 20% of the total portfolio of our bank, which makes it an important market for us. We are excited about entering into the Tiruchy market and offer attractive savings and deposit products with high interest rates. The new branch has been built keeping in mind customer centricity; using the latest digital technology and cash recycler machines making banking smart and seamless at the branch. Through our bank branch and our digital solutions, we help customers with their banking needs, and empower them to bank when, where, and how they want to.”

Fincare SFB, which is currently expanding its distribution network as part of its ‘rurban’ strategy, offers fixed deposits, savings accounts and current accounts, with interest rates of up to 9% pa on fixed deposits and up to 7% pa on savings accounts. This branch is one of the newest full-service branches opened by the bank.

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