SE Investments has received an approval to file an application with Reserve Bank of India (RBI) for seeking banking license and conversion of company into Small Finance Bank. The board of directors at their meeting held on February 01, 2015 has approved for the same.
The board is of the view that this conversion of company into Small Finance Bank will enable the company in enhancing its footprints by offering quality capital and financial solutions to the lower strata of the society and will also lay strong foundation in achieving sustainable long term growth for the company.
SE Investments is engaged in the business of advances against stock of goods equipment, immovable property and other assets and providing Safe Deposit Locker services.
