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Disha Microfin has received the final license from RBI to operate as a small finance bank.
The company has said in a statement that the bank will be called Fincare Small Finance Bank and will be starting operations from July this year.
Rajeev Yadav, Fincare CEO has said that “The small finance bank license will enable us to expand our product basket to include liabilities products, higher ticket loans to micro and small enterprises, as well as gold and affordable housing loans.”
He further said that “We are targeting a loan book of Rs 20,000 crore over the next five years.”
