Page 3 - Small Finance Banking

Longer forbearance will help in conversion to a bank, says Y S Chakravarti

We are not going in for external funding. We have decided that SCUF will fund them, says Shriram Group MD

AU Small Finance Bank shares jump 3% as lender launches QIP issue

The issue has been set at a floor price of Rs 1,181.06 per share, on which the lender may offer a discount of not more than 5 per cent, according to its exchange filing.

BS SFB Round Table: Rural, urban India show little difference, say experts

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

AU Bank posts over two-and-a-half times jump in Q3 net profit to Rs 479 cr

AU Small Finance Bank on Thursday reported a rise of over two-and-a-half times in its net profit to Rs 479 crore for the third quarter ended December 2020.

SMCB becomes India's first urban co-operative bank to transition to SFB

The bank had received an in-principal approval from the RBI for transitioning to a SFB in January 2020

Early implementation of RBI panel proposals will give us time to list: SFBs

The steps mooted by the RBI's internal working group headed by P K Mohanty may not impact regulations concerning SFBs in the short term

Ujjivan Small Finance Bank Q1 net profit dips 41% on higher provisioning

The bank had reported a profit after tax of Rs 94 crore in the same quarter of previous fiscal.

Weak economic outlook to give small finance banks more time to get listed

Five small finance banks, including Equitas SFB, are due for listing by 2021

BS Banking Annual 2019: Banking is a very long-term biz, says USFB chief

Becoming a bank has given us more strength, says Jana SFB MD & CEO Ajay Kanwal

With 'restrictive' norms, not many takers for small finance bank licences

Word is out that there will be relatively few takers for SFB licences compared to the 72 applicants who lined up in February 2015

Ujjivan Small Finance Bank: Analysts still bullish despite bumper listing

The IPO of the lender, which was open for subscription during December 2-4, was subscribed more than 170 times at a price band of Rs 36-37 per share

Former RBI deputy governor H R Khan to head micro-finance panel

CRL was launched in September by MFIN and Sa-Dhan, an RBI-recognised association of MFIs, along with Finance Industry Development Council, an association of NBFCs

RBI mandates 67% variable pay component for brass of private, foreign banks

The regulator said if the variable pay is up to 200% of the fixed pay, at least 50% of it should be in non-cash

Slowdown hasn't hurt small finance banks: ESAF Small Finance Bank CEO

ESAF Small Finance Bank, which began operations in March 2017, saw an over threefold jump in its net profit to Rs 90 crore in 2018-19

Equitas Holdings stock tanks after Sebi rejects listing proposal for SFB

The shares ended the session nearly 13 per cent lower at Rs 102 as analysts slashed price targets for the stock, citing so-called "holding company (holdco) discount"

Why the worst may not be over yet for investors of Equitas Holding

Shareholders are vulnerable to deep 'Holding company' discount, risk of further stake dilution and possible moderation in return ratios

Equitas considering two routes to get its SFB listed by March 2020

RBI last week refused to extend the listing deadline for ESFB and barred it from opening new branches till further orders

SFBs likely to tweak shareholding pattern ahead of listing deadline

After five years of operations as SFBs, RBI norms allow the SFBs to go for reverse merger

With new RBI norms, investors need to be cautious about small finance arms

Overhang for Equitas and Ujjivan is listing of small finance arms