Fincare Small Finance Bank News
Fincare Small Finance Bank said that the newly launched Mastercard debit card comes with a host of user-friendly features, ensuring safer and more convenient digital transactions for cardholders.
Fincare Small Finance Bank FDs are available for flexible tenures ranging from 7 days to 10 years.
With the revised rates, Fincare SFB FD customers can earn up to 8.11% on their savings, and senior citizens can earn up to 8.71% with a minimum deposit of Rs 5000.
The initial public offer (IPO) comprises fresh issue of equity share of the bank worth Rs 330 crore
The bank would utilise net proceeds from the fresh issue towards augmenting its Tier-1 capital base.
A small portion of the proceeds will be used towards meeting the expenses in relation to the offer.
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