Page 3 - Small Finance Banks

RBI sets up external advisory committee for evaluating banking applications

The committee set up by the RBI has five members with Shyamala Gopinathan, former deputy governor, RBI as the chairperson

Suryoday SFB fixes IPO price band at Rs 303-305 per equity share

The IPO consists of a fresh issue of Rs 250 crore and an offer for sale (OFS) of up to Rs 350 crore by existing shareholders

Utkarsh Small Finance Bank files draft papers for Rs 1,350-crore offering

The Initial Public Offer (IPO) comprises fresh issue of equity shares worth Rs 750 crore and an offer of sale to the tune of Rs 600 crore by promoter Utkarsh Coreinvest Ltd

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

Ujjivan, Equitas small finance banks turn tricky bet amid mounting NPA woes

Equitas and Ujjivan posted proforma NPA of 4.16 per cent and 4.8 per cent respectively in Q3, highest ever in many years

RBI move to harmonise MFI norms to improve sector competitiveness: Ind-Ra

Rating agency urges level-playing field for finance cos

Micro loans: Assam is not Andhra Pradesh

The Assam Bill is not a repeat of the 2010 Andhra Pradesh law, which almost killed the microfinance industry. Assam's share in micro lending is a fraction of what AP's was back then

Equitas, Ujjivan small finance banks: Long-standing demand may soon be met

Recommendation on collapsing the holding company could simplify the structure and help reduce promoter stake in the banks

RBI panel recommends banking overhaul: Relaxation for SFBs, payments banks

Payments banks can convert into SFBs with 3 years' experience instead of 5, recommends RBI panel

Converting to a small finance bank is an option: Fino Payments Bank MD

RISHI GUPTA, managing director and chief executive officer, tells Raghu Mohan that if payments banks are allowed to give loans, the business model will be more sustainable

'Bottom of the pyramid' prove to be the best customers for SFBs

At Business Standard's 'Unlock BFSI 2.0,' top SFB chiefs seemed very comfortable even when over 90% of their loan books froze into moratorium in March; By July, moratorium loans halved for most

Unlock BFSI 2.0: Economy reviving, no need to extend moratorium, say SFBs

Heads of top small finance banks stress on the need to be more flexible in the current scenario and back 'emotional banking'

Equitas Small Finance Bank net profit flat at Rs 60 crore in June quarter

Small finance lender Equitas Small Finance Bank on Monday reported a profit after tax of Rs 60 crore for the quarter ended June.

We intend to use open architecture to build scale: SBM Bank's Sidharth Rath

Sidharth Rath, MD and CEO, spoke to Raghu Mohan on the scale of the bank's ambition and the collaborative approach to rolling out business in its new avatar

Clix Capital eyes majority stake in cash-starved Lakshmi Vilas Bank

Talks between the private lender and digital-lending NBFC are in advanced stages; letter of intent may be furnished next week

Differentiated bank holdco norms on cards; Bandhan, IDFC First may benefit

Lenders that do not have subsidiaries in insurance, asset management, and broking may be exempt from having a non-operative financial holding company (NOFHC).

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

ESAF Small Finance Bank gets Sebi approval to float Rs 976 crore IPO

SEBI issued the final observations to the lenders proposal on March 20, 2020.

MFI operations come to halt in lockdown districts; biz severely impacted

Estimates suggest the locked down districts account for close to 50% of microfinance business in India; banks and SFBs could also be impacted

Shivalik Mercantile receives approval to become Small Finance Bank

The RBI had come with a scheme on voluntary transition of UCBs into Small Finance Bank (SFB) on September 27, 2018. But there was no taker