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RBI ANNOUNCEMENTS FOR SFB
Areion seeks RBI approval for Rs 936 crore Aviom takeoverAreion Group is seeking Reserve Bank of India approval for its acquisition of Aviom India Housing Finance. The deal, valued at ₹936 crore, ...- Revised FCNR interest rates up to 7.13%: PNB, ICICI Bank, Axis Bank and others revise ratesFCNR interest rates: Banks are increasing interest rates on Foreign Currency Non-Resident (FCNR-B) deposits for NRIs, OCIs, and POIs. This ...
- Stocks in news: ICICI Pru Life, Anand Rathi Share, LIC, Vedanta, HALMarkets experienced volatility, declining nearly 1% due to weak global cues, with analysts emphasizing the critical support level of 23,500...
- Stocks in news: Wipro, Motilal Oswal, Jana SFB, Force Motors, Tech MahindraMarkets opened positively, building on Friday's gains. Wipro's promoter sold shares worth ₹5,057 crore, while Motilal Oswal faced a Sebi fi...
- Improved loan book gives much credibility to Ujjivan Small Finance BankUjjivan Small Finance Bank rebounded 16% from its 52-week low after announcing plans to apply for a universal banking license. Despite weak...
- AU Small Finance inks pact with United India Insurance Co for distribution of insurance productsAU Small Finance Bank and United India Insurance Company have announced a strategic partnership to offer general insurance solutions to the...
- AU Small Finance Bank aims to double balance sheet to Rs 2.5 lakh cr in 3 years: MD Sanjay AgarwalAU Small Finance Bank is set to double its balance sheet size to Rs 2.5 lakh crore in three years, driven by the acquisition of Fincare SFB...
- Small finance banks seeking universal banking license need at least Rs 1,000-crore net worth: RBIRBI said that listed and profitable small finance banks with gross non-performing assets ratio less than 3% for last two fiscals can apply ...
- RBI sets eligibility rules for SFBs seeking universal banking licenceBoth these lenders, along with Equitas, announced their intent to seek universal banking licence, which offers more regulatory flexibility ...
- Fincare merges with AU Small Finance BankAU Small Finance Bank merged with Fincare Small Finance Bank, gaining access to South India. The consolidation strengthens the customer bas...
- Merging with Fincare to enter MFI segment, southern markets: AU Small Finance BankAU SFB, in a late evening regulatory filing on Sunday, announced its approval of the amalgamation. Post the deal announcement, Fincare's Rs...
- RBI scheme says PMC depositors to be paid over a period of 3 to 10 yrsThe scheme says that depositors can claim upto Rs 50,000 at the end of three years and further can claim Rs 1 lakh at the end of four years...
- Centrum Capital soars 19% after SFB nod from RBIShares of Centrum Capital have zoomed as much as 175 per cent in the calendar year 2021 so far, against a 27 per cent rise in BSE Sensex. T...
- Carol Furtado appointed as OSD of Ujjivan SFB; to take over as interim CEO from OctUjjivan SFB held a board meeting on Wednesday and unanimously approved the appointment of Carol Furtado as the 'Officer on Special Duty (OS...
- What sparked a rally in Equitas Holdings and Equitas SFB todayShares of Equitas holdings jumped 9 per cent to Rs 135.70 on Tuesday.
- Fincare SFB to file IPO papers this weekFincare SFB was one of the 10 micro finance institutions that received RBI permission to convert into a small finance bank. Under RBI norms...
- RBI lends a helping hand to lenders to the grassrootsRBI has allowed SFBs to classify fresh lending to MFIs with asset size of up to Rs 500 crore as priority sector lending for on-lending to i...
- RBI issues its first licence to an UCB to convert into Small Finance BankThe “in-principle” approval granted will be valid for 18 months to enable the applicant to comply with the requirements under the scheme, t...
- Equitas Holdings tanks 13% as Sebi rejects scheme of arrangement for banking armEquitas had also approached Sebi with a reverse merger proposal but was turned down.
- ESAF small finance bank gets RBI nod to operate as scheduled bankThis makes Thrissur-based ESAF small finance bank (SFB) the fifth scheduled bank from Kerala.
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