Microsec Financial Services has received an approval to make an application to Reserve Bank of India (RBI) for Small Finance Bank through its wholly owned subsidiary (WOS) Microsec Resources.
The company shall act as corporate promoter of the proposed Small Finance Bank. The board of directors at their meeting held on January 29, 2015 has approved for the same.
Microsec Financial Services is engaged in the businesses of financing and investment, investment banking and related services, brokerage and related services and wealth management, insurance broking, financial planning and related services.