Page 3 - Ujjivan Small Finance Bank

Top headlines: European shares tumble 2%; Ujjivan SFB MD & CEO resigns

Business Standard brings you the top stories this evening

Small finance banks suffer net loss in June quarter as provisions surge

SFBs - AU, Ujjivan, Equitas, and Suryoday - reported a combined net loss of Rs 66 crore in the June quarter of financial year 2021-22

Ujjivan, Equitas promoter holdings to fall to zero post mergers with SFBs

Predictably, share prices of Ujjivan Financial Services, and Equitas Holdings jumped 20 per cent each after the two entities received the nod to reverse merge with their small finance bank entities

RBI allows SFBs to merge with holding cos; Ujjivan, Equitas Holdings up 20%

The Reserve Bank of India has allowed small finance banks (SFBs) and respective holding companies to apply for the Amalgamation scheme

Street concerned over Ujjivan SFB's asset quality hit in Q4; stock sinks 3%

Gross non-performing asset (GNPA) ratio rose from 0.97 per cent last year and 0.96 per cent (4.8 per cent as per pro-forma) in Q3FY21 to 7.1 per cent in Q4FY21

Ujjivan Small Finance Bank sees 86% net profit jump to Rs 136 crore in Q4

Ujjivan Small Finance Bank (SFB) on Tuesday reported an 86 per cent jump in its net profit to Rs 136 crore for the last quarter of the fiscal ended in March 2021.

RBI relief measures may cushion NPA blow from second Covid wave: Analysts

Analysts see the RBI's announcements to be sentimentally positive for the banking sector even as Covid-19 situation remains dynamic

Equitas, Ujjivan, AU Small Finance Bank gain as RBI announces loan relief

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

Ujjivan may move resolution again to appoint Samit Ghosh MD & CEO

The firm is reaching out to shareholders again in this issue after they voted against Ghosh earlier

We will take the white-label route to credit cards: Ujjivan SFB CEO Chugh

Collections and disbursements were better than their pre-Covid levels across all our businesses in March, and for the quarter, said Chugh

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

Ujjivan SFB reports net loss of Rs 279 cr in Q3 on higher provisioning

The bank had posted a net profit of Rs 90 crore in the October-December quarter of 2019-20

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

Equitas SFB IPO subscribed two times even as HNIs give offer a miss

Institutional investor portion was subscribed 3.8 times, while the retail investor portion was subscribed 2 times

Equitas SFB IPO: Attractive play on diversification and valuation

At the price point of Rs 32 - 33, reasonable upside is left on the table for investors

Ujjivan SFB makes foray into small CV financing for tier II, III cities

Ujjivan SFB said as part of the ''Raftaar Loans'' product mix, the customised offerings will be available across southern and eastern regions: Karnataka, Tamil Nadu, and West Bengal

Ujjivan Small Finance Bank expects decline in interest, fee incomes in FY21

The surplus liquidity carried as a buffer for the crisis period has led to a slight increase in finance cost for the last week of March

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