 "Fincare Small Finance Bank eyes IPO in 3 yrs, Rs 3,000 cr assets in 18 mths")
Fincare Small Finance Bank, formerly Disha Microfin Ltd, expects to build an asset base of Rs 3,000 crore in next 18 months.
The bank, which commenced operations last week in Ahmedabad, plans to list its shares on the stock exchange in about three years, in line with regulatory norms.
At present three small finance banks -- Equitas and Ujjvan and AU -- are listed on stock exchanges.
Rajeev Yadav, managing director and chief executive, said the bank is starting with an asset base of about Rs 1,300 crore, carried over from the microfinance entity. Its priority now will to widen the asset base
