True North-backed Fincare Small Finance Bank, a smart banking company, agreed to merge with AU Small Finance Bank, an Indian small finance bank. Financial terms were not disclosed. “I am delighted on the coming together of two successful and well-governed SFB franchises with common charter of promoting financial inclusion. Thisis not just a merger of two entities, its a union ofshared values, common goals, and a vision for the future. Rajeev and team are one of the most experienced and seasoned MFI teams in the country who have over the years, built the business ground up despite multiple challenges and also a strong tech-enabled SFB franchise. We welcome all Fincare employees as part of the AU SFB family and are excited about the journey ahead of us,” Sanjay Agarwal, AU Small Finance Bank Managing Director & CEO.