The Reserve Bank of India (RBI) approved the re-appointment of Vishwavir Ahuja as the Managing Director & CEO of RBL Bank, for a further period of one year, with effect from June 30, 2021
Analysts see the RBI's announcements to be sentimentally positive for the banking sector even as Covid-19 situation remains dynamic
The RBI has announced a few steps to encourage small finance banks (SFBs) to increase the credit flow to small borrowers
The RBI announced a special long-term repo operation window for SFBs, whereby the banks can borrow funds up to Rs 10,000 crore at repo rate for deploying for fresh loans SFBs
At Rs 61.95 a share, the stock has more than doubled from listing day as the Street is acknowledging its diversified book
In the past three days, the stock has surged 20 per cent after rating agency CRISIL re-affirmed the ratings on the bank facility and debt instruments of Equitas SFB
At Business Standard Unlock BFSI 2.0, some of the best minds from the SFB sector discuss the consequences of the lockdown, the urban- rural divide, capital-raising plans, and the way forward for SFBs
Equitas and Ujjivan posted proforma NPA of 4.16 per cent and 4.8 per cent respectively in Q3, highest ever in many years
Recommendation on collapsing the holding company could simplify the structure and help reduce promoter stake in the banks
The Reserve Bank of India has lifted all restrictions imposed on Equitas SFB a year ago, the lender said on Monday.
The RBI also froze the salary of the SFB's managing director and CEO. This has now been restored at the then existing level.
The stock listed at Rs 31, a decline of 6 per cent against the issue price on the BSE
All that happened in the markets today
The initial public offer (IPO) of Equitas Small Finance Bank was subscribed nearly two times.
Institutional investor portion was subscribed 3.8 times, while the retail investor portion was subscribed 2 times
More cos could join Burger King, Antony Waste in giving listing another shot
The IPO received bids for 7,80,26,850 shares against 11,58,50,001 shares on offer, according to data available with the NSE
A day earlier, the Chennai-based firm had allotted shares worth Rs 140 crore to anchor investors
The initial public offer of Equitas Small Finance Bank was subscribed 39 per cent on the first day of bidding on Tuesday
At the price point of Rs 32 - 33, reasonable upside is left on the table for investors