RBI’s nod to SFBs and holding companies merger can unlock value for Ujjivan

2021-07-12 13:24:38

said it would initiate steps for the amalgamation of the holding company Ujjivan Financial Services Ltd with the bank after RBI’s nod. Samit Ghosh, Ujjivan Financial Services helps us understand how it may be a good news for shareholders.

ET Now: Now that, RBI has given nod to SFBs and respective holding companies to apply for a merger, help us understand how really does this help in unlocking share value for you?

Samit Ghosh: This

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RBI’s nod to SFBs and holding companies’ merger can unlock value for Ujjivan: Samit Ghosh

2021-07-12 13:24:38

said it would initiate steps for the amalgamation of the holding company Ujjivan Financial Services Ltd with the bank after RBI’s nod. Samit Ghosh, Founder, Ujjivan Financial Services, helps us understand how it may be a good news for shareholders.


Now that, RBI has given nod to SFBs and respective holding companies to apply for a merger, help us understand how really does this help in unlocking share value for you?
This is an extremely
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Biggest gainers & losers of the day: Tasty Bites soars 11%, paper stocks tank 8%

2021-07-08 17:55:58

New Delhi: Domestic equity markets ended the day in deep red as slowing growth and profit booking weighed on investor sentiments. Meanwhile, Fitch slashed India’s FY22 GDP growth forecast to 10 per cent, but said the economy may revive if vaccination is rapid.

The 30-share pack Sensex dropped 485.82 points or 0.92 per cent to close at 52,568.94. Its broader peer NSE Nifty climbed 151.75 points or 0.96 per cent to 15,727.90. Broader markets ended the day with

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Personal Loan of up to Rs 10 lakh with Easy Tenure Available in a Minute. Know Details

Ujjivan Small Finance Bank, on Tuesday, announced that it would be undertaking a strategic partnership with a leading digital lender and fintech platform, LoanTap. This move comes as part of Ujjivan’s Small Finance Bank’s API (Application Programming Interface) banking initiative. Through this initiative over 150 APIs will be made available, which in turn will offer fast and secure tie-ups for the purposes of digital lending, digital liabilities and payments to fintechs. This move also serves a dual purpose of

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Utkarsh Small Finance Bank gets Sebi nod for IPO

2021-06-09 20:22:30

KOLKATA: Utkarsh Small Finance Bank has received market regulator Securities and Exchange Board of India’s (SEBI) approval for an initial public offer of Rs 1350 crore.

The IPO consists of fresh issue of shares to raise up to Rs 750 crore and an offer for sale of up to Rs 600 crore by the existing shareholder Utkarsh Coreinvest Ltd.

This makes the Varanasi-headquartered Utkarsh the sixth small finance bank to get Sebi’s nod for IPO. Three banks, namely

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RBI’s liquidity window for small finance banks flops on debut

The RBI’s first special three-year long-term repo operation (SLTRO) on May 17 saw muted response, with seven out of 10 small banks probably skipping it, people familiar with the matter said.

Synopsis

Currently, small finance banks (SFBs) are flush with funds with little loan growth. These banks also hold government securities in excess of the mandatory level amid the slow credit demand.

Reserve Bank of India’s efforts to accelerate lending to small firms have hit a roadblock, with small finance

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Ujjivan Small Finance Bank Q4 results: Net profit nearly doubles to Rs 137 cr

Kolkata: ‘s net profit nearly doubled at Rs 137 crore for the March quarter on account of rise in other income and write back in provisions which offset a fall in earnings from lending.

The bank’s net profit was Rs 73 crore in the year ago period. Its net interest margin, a key profitability parameter, fell sharply at 7.9% against 11.2% over the same period.

Its operating profit fell about 17% at Rs 159 crore for the quarter as against

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Fincare SFB to file IPO papers this week

2021-05-07 07:33:33

Mumbai: Bengaluru-based Fincare Small Finance Bank will file its draft red herring prospectus (DRHP) with the market regulator Sebi for an initial public offer (IPO) this week.

The issue size is said to be in the range of Rs 1,200-Rs 1,400 crore and would comprise of a fresh issue and offer for sale by the existing shareholders, according to market sources. Fincare SFB backed by investors such as True North, TA Associates, Tata Opportunities

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