They have an extensive network of 528 banking outlets, 219 business correspondent outlets and 108 ATMs (of which 85 are cash recyclers) spread across 16 states and three union territories, covering 192 districts and 38,809 villages and which reached 2.7 million customers, as of December 31, 2020. They have created a network of banking outlets in urban and Tier 1 cities to focus on deposits mobilization while maintaining their strong network in rural and semi-urban locations to drive our loan products. Their network is particularly strong in South and West India, where, states such as Karnataka and Gujarat have seen high real GDP growth. Their network includes banking outlets that are operated by them and those that are operated by business correspondents, with whom they enter into contractual arrangements to operate the banking outlets. All their banking outlets, including those of their business correspondents, work with digital tools. They tailor the type, size, location, and product offerings of their banking outlets to suit the needs of their customers, with the aim of reaching them in a cost-effective manner. In this sense, banking outlets operated by them are of different types, including full service, basic banking, and micro banking outlets, which cater to different customer segments.
The entire public offer of Fincare Small Finance Bank Limited comprises of fresh issue of Equity Shares aggregating up to₹330 Cr and an Offer for Sale of up to ₹1000 Cr Equity Shares by the selling shareholders.
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How do I apply to the Fincare Small Finance Bank Limited IPO?You can apply for the Fincare Small Finance Bank Limited IPO using any supported UPI app by following two steps:
- Enter your bid on Console
- Accept UPI mandate on your phone
Where do I check the allotment status for Fincare Small Finance Bank Limited IPO?You can check the allotment status for the Fincare Small Finance Bank Limited IPO on the website of the Registrar and Transfer agent.
Alternatively, you can also check the allotment status on the NSE website.