Fincare Small Finance Bank Ltd. was incorporated as Banas Finlease Private Limited at Palanpur, Gujarat as a Private Limited on April 5, 1995. The name of the Bank changed from Banas Finlease Private Limited to Disha Microfin Private Limited as a result of change in management of the Bank on March 26, 2010. Subsequently, Bank converted into a Public Limited Company pursuant to a Special Resolution on November 29, 2016. Consequently, name of the Bank changed from Disha Microfin Limited to Fincare Small Finance Bank Limited, and on June 14, 2017 a fresh Certificate of Incorporation pursuant to change of name, was granted by the RoC.

The Bank is a 'digital-first' SFB with a focus on unbanked and under-banked customer segments especially in rural and semi urban areas. The Bank follow a business model focused on financial inclusion to provide individuals and businesses with affordable financial products and services that meet their needs. Their business objective is to increase access to savings, credit and other financial products for unbanked and underbanked individuals, MSMEs and unorganized entities, especially in rural areas, by leveraging technology and last-mile distribution

On February 3, 2009, the Bank, then known as Banas Finlease Private Limited, was acquired by Keyur Doshi, Soham Shukla, Sameer Nanavati and Mahender Chawla from the erstwhile shareholders of Banas Finlease Private Limited pursuant to advertisements published on January 1, 2009 in the Indian Express and Jansatta and Share Transfer Applications received by Banas Finlease Private Limited. For the period between April 5, 1995, being the date of incorporation of Bank and February 3, 2009, being the date when the said acquisition was undertaken, certain corporate records of the Bank are not traceable with Bank, or with the RoC.

The Bank operated as an NBFC-ND under the name 'Disha Microfin Limited' since 2010 and was registered as an NBFC-MFI in 2013. In 2016, upon receipt of the RBI In-Principle Approval, Bank acquired the micro-finance operations of FFSPL, which started microfinance operations in 2007 and later changed its name to Fincare Small Finance Bank.

The Bank commenced their operations as a small finance bank with effect from July 21, 2017. The Bank was included in the second schedule to the RBI Act pursuant to a notification dated March 28, 2019 issued by the RBI.

Banks' asset products cater to low-income mass retail individuals as well as to micro and small enterprises. Their asset products include microloans, loans against property, loans against gold, two-wheeler loans, affordable housing loans and institutional finance, which suit the particular needs of diverse customer segments. With increased focus on secured lending, the Bank's share of non-microloans increased from 19.78% of Gross Loan Portfolio as of March 31, 2020 to 23.36% of Gross Loan Portfolio as of March 31, 2022. It has an extensive network of 919 banking outlets (including 246 business correspondent outlets) and 125 ATMs (of which 90 are cash recyclers) spread across 14 states and 3 union territories, covering 255 districts and 48,542 villages as of March 31, 2022

The Company is planning to raise capital from Public by raising Rs. 625 crore through Fresh Issue and issuing 17,000,000 Equity Shares through Offer for Sale.