Sfb

The fintech holds a slight advantage over its competitors as it is a bank that can take deposits from the public, and hence the cost of funds is lower for the company and boosting the margins

Fintech firm Slice Small Finance Bank turns profitable, reports Rs 7 cr net in H1 FY26

One of the key reasons behind the improving financials was the falling cost of funds, as Slice could now receive deposits from the public, which is cheaper than loans from other financial institutions

Microfinance adds burden on SFBs in Q1 as asset quality sees pressure

Most small finance banks have a heavy microfinance presence on their books. Due to pressures on this book, they reported a muted profit growth and worsening asset quality.

Most SFBs would not clamour to become universal banks if RBI eases some curbs, says ex-Secy

Talking about restrictions, he said, the RBI should consider allowing co-lending, pass through certificate (PTC) and securitisation, and setting up of subsidiaries

MC Explains | Why the RBI rejected two more SFB licence applications

In all, the central bank has received 13 applications for small finance bank and universal bank licences, of which 11 have been rejected so far. Applications by Annapurna Finance Private Limited and Fino Payments Bank are still under consideration.

RBI rejects 2 more applications for SFB licence

These applicants are Dvara Kshetriya Gramin Financial Services Pvt Ltd and Tally Solutions Pvt Ltd, a release from the RBI said

Budget 2024: Small lenders pitch for SME funding support, sector guaranteed scheme

Budget 2024: Microfinance institutions and small finance banks are expecting reforms pertaining majorly to their lending activities. A clutch of executives from microfinance institutions (MFI) and small finance banks (SFB) pitched for funding support and the need for a sector guaranteed scheme from the upcoming budget.

RBI approves former Andhra Bank executive as MD and CEO of Slice-backed North East SFB

As the merged entity looks towards becoming a fintech major with credit ambitions, Satish Kumar Kalra's expertise will help it to be successful in credit distribution to first time borrowers as well as digital first customers, the company stated.

Fintech startup Slice to merge with North East Small Finance Bank

Slice said that the merger will help realise the entity’s shared goal of integrating technology with grassroots financial inclusion across the nation.

Interview| Ujjivan Small Finance Bank looking at overall growth of 25% in FY23-24, says MD & CEO, Ittira Davis

Ujjivan Small Finance Bank will apply for a universal bank licence in the next financial year.

Fincare Small Finance Bank refiles IPO draft papers

The IPO consists of a fresh issue of shares worth Rs 625 crore and an offer for sale of up to 17 million shares by shareholders and promoters.

REPCO Bank may appeal RBI’s decision to reject universal bank permit application; others undecided

The RBI said six of 11 applicants were not suitable for permits of small finance bank and universal bank licences.

Aiming for 25-35% AUM growth in FY23, says Suryoday Small Finance Bank MD

“We want to deepen our relationship not only through microfinance loans but also through other asset classes like two-wheeler loans which we will be introducing next fiscal," Baskar Babu said.

Banking wrap: Yes Bank director resigns; board approves fund raising but rejects $1.2 bn offer

Weekly banking wrap: RBI gives first 'in-principle' nod to convert an urban cooperative bank into a small finance bank, ED attaches assets of former ICICI Bank CEO Chanda Kochhar and more

Suryoday Small Finance Bank targets listing by March 2020

They will have 10 branches by March 2017, which will go up to 90 by March 2018.

RBI issues draft guidelines on small finance banks

These small financial banks (SFBs) are likely to submit their comments on draft norms by Tuesday and final guidelines on the same are expected soon.

Equitas Holdings to hit mkts tomorrow; to mop-up Rs 2,200-cr

The IPO comprises fresh issue of shares aggregating Rs 720 crore and an offer for sale of up to 132,425,884 equity shares by existing shareholders including P N Vasudevan, MD, and private equity stake holders.