Small finance banks are strengthening their risk management. They plan to reduce unsecured loans and boost secured lending like vehicle and...

The microfinance sector is showing signs of a turnaround, with several small finance banks and NBFC-MFIs reporting increased business volum...

Microfinance business is significantly impacting small finance banks like ESAF, Suryoday, and Utkarsh, with nearly a fifth of their microlo...

The Thrissur-headquartered small finance bank allocated shares worth Rs 20 crore each to ACM Global Fund VCC, Edelweiss Life and Kotak Mahi...

Bank says launching IPO to meet regulatory norms despite strong capital adequacy ratio

Half-a-dozen entities in the small finance bank and microfinance space that have received approval for raising funds through initial public...

The Kerala-based SFB's IPO comprises a fresh issue worth Rs 800 crore and an OFS of up to Rs 176.2 crore.

Corporates and non-banking finance companies can raise capital by issuing non convertible debentures or NCDs while banks are not allowed to...

The bank is planning to introduce new schemes such as Hridaya social deposits targeting high networth individuals and NRIs.

The bank will give loans for farming, small businesses, housing and education. It will also have a spectrum of deposit options for all cust...

ESAF will officially launch small finance bank operation on March 17 after a week’s of trail run starting from March 10.

ESAF Small Finance Bank was created to serve micro- and small-credit needs for women in parts of India where there is little bank represent...

The company is planning to launch operations in 60 days after it gets a final go ahead from the Central Bank.

The 10 applicants were chosen from 72 applicants following detailed scrutiny of financial viability, business plans and other checks by thr...

The Kerala government has launched a new Central government pension scheme 'Swavalamban Yojana' for workers in the unorganised sector.

Bhartiya Samruddhi Finance’s Rs 100 crore and ESAF Microfinance’s Rs 40-crore debt raising from state-owned banks in the past few days have...

ESAF, Spandana, Equitas and Share Microfin are among a number of microlenders rushing to sell non-convertible bonds to raise Rs 6,000 crore...