North East Small Finance Bank

North East Small Finance Bank Limited is a subsidiary of RGVN (North East) Microfinance Limited, becoming the first institution from North-Eastern India to receive "In-principle approval" from the Reserve Bank of India to establish a Small Finance Bank on September 16, 2015. With a strong presence in North East India, the bank focuses on creating better livelihood opportunities and bringing banking services to the doorstep, aiming to financially include the region. Operating through a network of over 155 branches across nine states, including eight states from the Northeast and West Bengal (North Bengal), the bank has an outstanding portfolio of INR 1089 crore, impacting the lives of over 5.21 lakh clients. Established on 17th October 2017, North East Small Finance Bank Limited has garnered investments from several esteemed organizations such as SIDBI Venture Capital Limited (Samirdhi Fund), M/s RNT Associates Private Limited, M/s PI Venture LLC, Norwegian Micro Finance Initiative, M/s Dia Vikas Capital, and IDBI Bank. In June 2018, the retail banking business was officially launched by Tata Trust's Chairman Ratan Tata and Assam's Finance Minister Himanta Biswa Sarma. The bank aims to expand its services and products to reach customers in rural areas. Operating in the finance, financial services, and banking industries, North East Small Finance Bank Limited continues to make significant strides in promoting financial inclusion in the region.