Fincare Small Finance Bank, formerly Disha Microfin, is aiming to increase its loan book size to Rs 12,500 crore by March 2021 from Rs 2,600 crore at present, a top bank official said.
The bank, which launched operations in May 2017, is also aspiring to build a deposit base of Rs 7,000-8,000 crore over the next three financial years as against Rs 1,100 crore now.
"We want to get to Rs 12,500 crore of assets in the next three financial years," the bank's managing director and chief executive Rajeev Yadav told reporters here today.
The lender's loan book consists largely of microfinance loans. It also has presence in loans against portfolio, gold loans and institutional finance, and is now entering into affordable housing and two-wheeler loan segments.
The bank's current customer base is 1 lakh and it hopes to have 4 million customer by end FY21.
Yadav said with a capital adequacy ratio of 20 per cent, the bank is well capitalised for next few months. It, however, may look at an initial public offering in next 18-24 months.
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"Today, we are funded by private capital, but as we go forward, we visualise that in the next 18 to 24 months, we should be reaching out for public capital also," Yadav said.
In the current financial year, the bank is looking to raise Rs 200-300 crore from its existing shareholders or some new shareholders.
The bank has 500 outlets spread across nine states.
It has partnered with Oxigen to offer various payment options, including digital wallet, Bharat Bill Pay, among others to its customers.