What is Fincare Small Finance Bank Unlisted Share Price?

Fincare Small Finance Bank Unlisted Share Price:

Fincare Small Finance Bank, established in 1995 through the amalgamation of two NBFC Micro Finance Institutions, Future Financial Services & Disha Microfin Pvt Ltd, underwent a name change to Fincare Small Finance Bank after obtaining an RBI license to operate as a small finance bank in May 2017. The bank commenced its banking operations in July 2017 and has since expanded significantly. With 1231 banking outlets, including 205 opened in FY 2022-23, the bank has a presence in 19 states, 3 Union Territories, covering 338 districts and 57,186 villages. Noteworthy achievements include a Net Promoter Score of 41.3 in FY23, 105% growth in the Gold loan portfolio, and 42.7 lakh active customers as of FY23. The bank has also forged strategic tie-ups for insurance products with reputable companies such as Bharti AXA Life Insurance, Edelweiss, Tokio Life Insurance, Kotak, Mahindra Life Insurance, and Care Health Insurance. Fincare Small Finance Bank's commitment to social responsibility is evident in its spending of Rs 239.12 Lakhs on CSR for the FY 2022-23.

Products and Services by Fincare Small Finance Bank:

Fincare Small Finance Bank's unlisted shares provide a diverse range of products and services, catering to the financial needs of its customers. These offerings include Current Accounts, Savings Accounts, Fixed Deposits, Recurring Deposits, NRI Banking, 3-in-1 Account for Wealth Management, Escrow Accounts, Safe Deposit Lockers, Supply Chain Finance, Loans Against Property, Affordable Housing, and Loans Against Gold. The bank also offers a comprehensive suite of insurance products, covering Life, Health, and General insurance. Additionally, Fincare Small Finance Bank facilitates modern payment solutions such as UPI, Prepaid Cards, and QR Code transactions, enhancing the overall banking experience for its clientele.

Financial Background of Fincare Small Finance Bank Unlisted Share:

Over the span of four years, from 2020 to 2023, Fincare Small Finance Bank's interest earned has exhibited a notable trend. In 2020, the bank recorded interest earnings of INR 1445.87 Crores, followed by a slight decrease in 2021 to INR 1251.03 Crores. However, the subsequent years witnessed a substantial rebound, with interest earned reaching INR 1448.57 Crores in 2022 and further escalating to INR 1744.12 Crores in 2023. This consistent growth in interest earned suggests the bank's effective management of its interest-bearing assets and potential expansion in its customer base or lending activities during the specified period. The figures indicate a positive trajectory in the bank's financial performance, reflective of its strategic financial management practices.

Fincare Small Finance Bank Unlisted Shares and Corporate Actions: 

In 2020-21, Fincare Small Finance Bank issued 12,348 equity shares as ESOP to its MD & CEO, Mr. Rajeev Yadav. The subsequent year, 2021-22, saw a Rights Issue of 99,82,759 equity shares at Rs 170 per share, and a 2:1 Bonus Issue resulting in 147,186,480 equity shares. In 2022-23, the bank filed for an IPO with an offer for sale of 17,000,000 shares, aiming to raise Rs 6,250 Million. Simultaneously, a merger with AU Small Finance Bank was announced, subject to RBI approval, set for Feb 1, 2024, with a swap ratio of 579:2000. These strategic moves showcase the bank's proactive approach in bolstering its capital base and exploring growth avenues.

Fincare Small Finance Bank Unlisted Share Price:

The current Fincare Small Finance Bank Unlisted share price as of 30 January is Rs 219  per share. 

Fincare Small Finance Bank Unlisted Share Price in Depth 

Face Value of Fincare Small Finance Bank Unlisted Share: ₹ 10

Price per share as of 30 January: ₹ 219

You can check the Fincare Small Finance Bank Unlisted Share Current Price at  Precize.in  

Price history Fincare Small Finance Bank Unlisted Shares:

Fincare Small Finance Bank Unlisted Shares and its Shareholding Pattern:

Fincare Small Finance Bank's ownership structure reveals a predominant promoter holding of 78.58%. Other major contributors include Overseas Bodies Corporates with an 8.27% stake, Indian Bodies Corporates holding 5.69%, and Trusts with a 3.34% share. Insurance Companies hold a 1.70% stake, while Indian Public holds 2.33%. Additionally, there are minor holdings by AIF (0.08%), HUF (0.01%), and NRI (0.01%). This diversified ownership signifies a blend of domestic and international institutional interests in the bank.

Financial data of  Fincare Small Finance Bank Unlisted Shares:

Growth Opportunities and Challenges for Fincare Small Finance Bank Unlisted Shares.

Opportunities for Fincare Small Finance Bank Unlisted Shares:

Fincare Small Finance Bank's unlisted shares have the potential to drive financial inclusion in underserved regions. The bank can harness the opportunities presented by rapid technological advancements, utilizing digital platforms to expand its reach and provide banking services to the unbanked. This strategic approach aligns with the evolving landscape of inclusive banking, enabling Fincare Small Finance Bank to tap into emerging markets and cater to the financial needs of previously underserved communities.

Challenges for Fincare Small Finance Bank Unlisted Shares:

Fincare Small Finance Bank faces intense competition from other major players in the financial sector. The bank is susceptible to changes in the economic environment, particularly fluctuations in interest rates, which can impact the credit quality of borrowers and the overall asset quality. Additionally, shifts in regulatory policies pose a potential impact on the bank's operations, highlighting the importance of adaptability and strategic management in navigating the dynamic financial landscape.