Barnwal will continue to be the Company Secretary and key managerial personnel of the company, the company said.
Net Interest Income (NII) is expected to increase by 46 percent Y-o-Y (up 13 percent Q-o-Q) to Rs. 324.9 crore, according to Kotak.
Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 15.5 points or 0.14 percent. Nifty futures were trading around 11,177-level on the Singaporean Exchange.
Despite discussions with the RBI over the past two months, the bank's management failed to get any relief and is mulling options to reduce promoter shareholding
The central bank reiterated in its letter to the banks that promoters of small finance banks should list their banking units separately within three years of operation. This is as per the central bank’s licensing requirements for small finance banks.
With a pan-India presence and relatively high-yielding book, they remain attractive candidates for mergers and acquisitions by relatively larger entities.
Stock prices have already taken cognisance of the positive changes. However, acceleration in earnings going forward or any inorganic development along with probable re-rating of valuation multiples make Equitas and Ujjivan worth exploring for the long-term.
Ashwani Gujral of ashwanigujral.com recommends buying HDFC Bank with a stop loss of Rs 1980, target of Rs 2040 and Ashok Leyland with a stop loss of Rs 122, target of Rs 134.
Now, a break above 9,650 would strengthen the bullish argument till that time the index is likely to trade in a range.
Ashwani Gujral of ashwanigujral.com suggests buying Motilal Oswal, Reliance Capital, Indian Oil Corporation and Godrej Industries.
In an interview to CNBC-TV18’s Latha Venkatesh, Anuj Singhal, and Sonia Shenoy, SP Tulsian of sptulsian.com shared his readings and outlook on market and specific stocks.
In an interview to Prashant Nair and Ekta Batra, Rahul Arora of Nirmal Bang Institutional Equities shared his views on the fundamentals of the market and the outlook going forward. He also spoke about specific stocks and sectors.
Utkarsh Micro Finance today said it has received final nod from the Reserve Bank of India to start operations as small finance bank.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com spoke about his outlook on the market and specific stocks.
Ghosh says future growth for the firm is going to come from individual lending to the micro SME sector and housing. Finally, they plan to tie up with insurance companies to provide third party insurance.
Digant Haria, AVP - Equity Research, Antique Stock Broking, believes the easy money has been made in the stock following the gains and that going forward, only long-term investors should get into it.
In any industry, increase in competition thins margins. In banking, the number of players is set to increase from 45 in 2014 to 66 by 2016, which is a 45 percent rise in the number of competitors.
Ujjivan is in talks with mobile payment companies to offer mobile wallets to its customers, a big forward move for a microfinance institution, reports CNBC TV18‘s Archana Shukla.
As a Christmas special edition, CNBC-TV18's show Young Turks celebrated the spirit of giving back to the society with young change makers who are working to empower those on the margins of society.
Two different personalities. Two different methods. Two successful companies. Why Chandra Shekhar Ghosh of Bandhan, and Samit Ghosh of Ujjivan are beacons of hope for microfinance companies
Bangalore-based micro lender Ujjivan is set to receive Rs 1.01 billion (USD 21 million) in loans from the Small Industries Development Bank of India (SIDBI) and other state-run and private sector banks, it said in a statement Tuesday.