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India
1991 (35 Years)
Last online: No recent activity
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This company is currently Unproved.
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License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Get to know Fincare Services
Company Information
Get to know Fincare Services
Fincare Small Finance Bank commenced banking operations in 2017 after receiving a license from the Reserve Bank of India (RBI). The entity originated from the business of Fincare Business Services Limited, a microfinance institution, which was rebranded upon its conversion to a bank. Its mission is to enable the financial inclusion of the unbanked and underbanked, mass retail, and micro & small enterprise segments. The bank emphasizes a "digital-first" approach, offering a suite of modern banking services including savings and current accounts, loans, fixed deposits, and third-party products like insurance.
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