Small Finance Bank

Private lenders have been totally absent from hybrid bond issuances in FY25. Despite favorable conditions for Tier-2 debt, these banks chose to rely on internal accruals and equity-driven capital planning.

Expect normalisation in MFI sector if all players adhere to industry’s code of conduct: Equitas CEO

Equitas Small Finance Bank MD & CEO PN Vasudevan tells Moneycontrol that post the one-time write off in Q1, net NPA ratio will be maintained at less than a percent, making the bank eligible for universal banking licence

Well-run SFBs can look to shed the 'small' tag

While only one small finance bank meets all the criteria for conversion to universal bank in FY25, others may become eligible by FY26

Efficient small finance banks need to become big 

As much as small finance banks may be eager to acquire a universal banking licence, they must be wary of the varied terrain that lies ahead

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

Utkarsh Small Finance Bank to start offering secured credit cards in April 1st week: MD Govind Singh

Singh further added that the bank is focusing more on the QR code type of banking and they are getting good traction on that and especially.

Fincare Small Finance Bank merger with AU SFB gets RBI nod

All the branches of Fincare Small Finance Bank Ltd will function as branches of AU Small Finance Bank Ltd with effect from April 01, 2024

Equitas Small Finance Bank appoints Ashwini Biswal as next CCO

Biswal will assume the charge on January 28, 2024, for a period of five years, the microfinance lender said in an exchange filing.

Recent small finance bank mergers driven by search for higher return on investments, say experts

Last month two major mergers were announced in the small finance bank space –merger of Bengaluru-based fintech Slice with North East SFB, and that of Fincare SFB with AU SFB.

From Honasa Consumers to ESAF Small Finance Bank, Primary markets are buzzing | D-St Debuts

Ahead of the Festive week, primary markets are witnessing a revised enthusiasm. While there are 2 mainboard IPOs lined up in Protean eGov Technologies & ASK Automotive. there are 2 IPOs from the SME segment as well. And heading to Dalal Street in terms of listings we will see Cello world and Honasa Consumers (Mama Earth) make their debuts while 6 other companies will list in the SME & Emerge index. Nickey Mirchandani is here with all those details

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.

Airtel Payments Bank has no plan to become small finance bank: MD Biswas

Anubrata Biswas said the payments bank plans to eventually list, but added that it would be difficult to predict the timeframe.

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.

Fino Payment banks' board approves transition to Small Finance Bank

Earlier, on June 26, in an exclusive interview with Moneycontrol, Ketan Merchant, chief financial officer indicated that they will jump into the small finance bank segment soon.

Exclusive: Microfinance will always remain a focus area for us, says Utkarsh SFB MD & CEO Govind Singh

Last week, Utkarsh SFB made an impressive debut in the stock market. Analysts attributed the investor confidence to attractive valuations, healthy financials, improving asset quality, and reduced exposure to the unsecured micro-banking segment.

Axis Capital bullish on NBFCs as valuations expand, targets revised upwards

The strong performance of non-banking financial companies (NBFCs), supported by a peak in the interest rate cycle and robust loan demand, has led to an expansion in valuations.

MC Explains | RBI rejects 3 more SFB licence applications; all you need to know

The applications were rejected as the central bank had found the applicants unsuitable to set up a small finance bank. Other applications are still being scrutinised by the RBI.

RBI grants AU Small Finance Bank to deal with foreign exchange

Reserve Bank of India vide its letter dated April 19, 2023 has granted Licence to act as Authorized Dealer Category-I (AD-I) under section 10 of FEMA, 1999 to deal in foreign exchange, AU Small Finance Bank said in a regulatory filing.

Small banks pad up with cricket partnerships to build brands and add customers

Equitas Small Finance Bank, AU Small Finance Bank, Ujjivan Small Finance Bank and Fino Payments Bank have recently partnered with Indian Premier League teams and sponsored other cricket events.

MC Exclusive: Utkarsh Small Finance Bank is evaluating its IPO due to market conditions, says CEO

Utkarsh Small Finance bank got SEBI approval for the share sale in October 2022

Leading MFI VFS Capital plans to raise Rs 1,500 crore in FY'24 to support growth plans

"Our focus has been on loan book growth and expansion of branches. We are planning to raise around Rs 1,500 crore in the next fiscal," VFS Capital MD and CEO Kuldip Maity said.

Interview | Equitas SFB in touch with RBI for a universal banking licence, says CEO PN Vasudevan

The small finance bank is targeting to reduce its gross non-performing asset numbers to pre-pandemic levels and reduce the interest rate gap with major banks

Paytm Payments Bank SFB plans gets delayed; IT audit report to be submitted to RBI in 2-3 weeks: Sources

Paytm Payments Bank commenced its operations on May 23, 2017 and completed five years of operations last month.

Macquarie on Paytm: No threat to business from RBI ban, small finance bank licence remains doubtful

According to Macquarie, the recent developments substantially reduce Paytm’s chances of upgrading to a small finance bank licence. The company is due to apply for the licence in May 2022

Exclusive Interview | No hurry to become SFB, says Fino Payments Bank MD

Rishi Gupta said pressure on company’s share price is on account of general market aversion towards fintech companies and global factors.