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North East Small Finance Bank

Website https://nesfb.com/
Location India, Assam
Impact story

Mission of North East Small Finance Bank 

Preferred banker for all financial needs by providing suitable products and services in a timely, convenient, and responsible manner, through doorstep banking and use of technology, thereby leading to sustainable growth of the community at large.

History

North East Small Finance Bank Ltd(NESFB) is the first Small Finance Bank from North East India which extends Banking services in remote locations of eight states of North East India and West Bengal.

As on 31st August, 2019, it has a network of 188 branches, which includes 100 bank branches and 88 Asset offices, spread across 9 states (Assam, Arunachal Pradesh, Manipur, Meghalaya, Nagaland, Sikkim, Tripura, Mizoram and West Bengal) with a customer base of over 5.85 Lakhs. Our liability book grew with a deposit of 477.59 crores as on 31st August, 2019 and we have achieved a Portfolio Outstanding of Rs. 1230.25 crores as on 31st August, 2019.

North East Small Finance Bank Ltd. have started operations as first Small Finance Bank of North East India after its conversion from a premier microfinance institution in North East, RGVN(NorthEast) Microfinance Limited. The organization has undergone two major transformations within a span of a decade. The transition from RGVN- CSP in the year 1995 to RGVN (NE) MFL, a premier and the largest microfinance institution of North East, in the year 2008, and now as the first Small Finance Bank of North East India in the year 2017, is indeed remarkable. RGVN(NE)MFL received the Small Finance Bank License from Reserve Bank of India on 31stMarch, 2017 mandating it to carry out banking services in remote and “unbanked” areas and registered a Public Limited Company by the name “North East Small Finance Bank Ltd’.

At North East Small Finance Bank Ltd. we wish to continue our legacy and work towards the development of the people in the North Eastern part of India which is still financially excluded and under-banked as compared to other states of India.

Management Board

  • Mr. Deep Chandra Joshi (Independent Director)
  • Ms. Rupali Kalita (Managing Director)
  • Mr. Bhaskar Jyoti Sarma (Independent Director)
  • Mr. Ranjit Goswami (Independent Director)
  • Mr. Gautam Barua (Independent Director)
  • Mr. Manish Thakkar (Nominee Director)
  • Mr. Njord Andrewes (Nominee Director)
  • Mr. Robert Dunn (Nominee Director)

Market focus, Products and Services 

The bank keeps on working for the financial inclusion of every individual of the society. Customer centricity and respecting the values of our customers and patrons has always been the preferred banking strategy for us at North East Small Finance Bank to cater to every need of our valued customers through door step banking.

Our asset products are mainly targeted to the weaker sections of the society and to the micro & small scale businesses. Other products include education, agri & agri allied to small and marginal farmers and affordable housing loans. We offer standard savings, current and recurring account, and additionally we have a unique daily deposit scheme product for our customers to whom we provide doorstep collection facility. Our customers can avail banking services at our 100+ bank branches and also have the option of using our Rupay debit card for withdrawal or at Point of sale.

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