Fincare Small Finance Bank: Redesigning Lending to Reach Small Businesses

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12 April 2019
Daniel W. Latimore

Winner of Celent Model Bank 2019 Award for Financial Inclusion

Abstract

Celent recognizes Fincare (India) as the winner of the Model Bank 2019 Financial Inclusion Award for their initiative LAP (Loans Against Property) D.Lite.

A new specialized “Small Finance Bank,” Fincare’s mandate is to further financial inclusion in India. It has redesigned, automated, and streamlined the process for Indian micro and small business owners without a traditional credit file to obtain small loans secured against property.

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Insight details

Sector
Banking, Corporate Banking, Retail Banking
Content Type
Reports
Focus
Digital, Innovation & Emerging Technology
Location
Asia-Pacific, EMEA, LATAM, North America