Fincare Small Finance Bank Risk Report

🛡️ Financial & Liquidity

Fincare Small Finance Bank is undergoing significant financial changes due to its merger activities with AU Small Finance Bank. This merger has implications on their financial structure and future operations, particularly in ensuring successful integration and financial stability.

• The merger between Fincare and AU Small Finance Bank was approved by the RBI, becoming effective 🗓 April 1, 2024.
• An all-stock deal was agreed for the acquisition of Fincare SFB by AU SFB, announced 🗓 October 31, 2023.
• AU Small Finance Bank aims to double its balance sheet to ₹2.5 trillion within three years, as reported 🗓 April 28, 2024.
• Fincare's merger with AU SFB was set to conclude by 🗓 March 2024, impacting stakeholders and the market structure.

⚖️ Legal & Regulatory

Legal and regulatory activities primarily focus on the merger approvals and related compliance. Regulatory bodies have actively engaged with the bank to facilitate these transitions.

• The Competition Commission of India (CCI) approved the merger between AU Small Finance Bank and Fincare SFB 🗓 February 7, 2025.
• The Reserve Bank of India's approval for the merger of Fincare SFB with AU SFB was confirmed 🗓 March 4, 2024.

📜 Innovation & R&D

Fincare Small Finance Bank has demonstrated its commitment to innovation through digital banking enhancements, aiming to enhance customer engagement and operational efficiency.

• Fincare SFB launched video banking services to improve customer interaction and convenience 🗓 July 13, 2022.
• The bank introduced a new debit card in collaboration with Mastercard to offer added benefits to customers 🗓 July 31, 2023.