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SURYODAY MICRO FINANCE
Gold loans power Small Finance Banks' growth as microfinance asset quality weakensSmall Finance Banks are shifting focus to secured loans like gold loans. This move aims to stabilize their financial health and earnings. T...- Aditya Shah sees PSU banks, SBI and HDFC as key picks amid volatilityIndia's banking sector demonstrates resilience with steady loan and deposit growth, particularly from private lenders like HDFC Bank. While...
- After asset quality hit, small finance banks to sharpen risk controls for 2026Small finance banks are strengthening their risk management. They plan to reduce unsecured loans and boost secured lending like vehicle and...
- Legacy microloan stress still a worry for small finance banksMicrofinance business is significantly impacting small finance banks like ESAF, Suryoday, and Utkarsh, with nearly a fifth of their microlo...
- Suryoday Bank decides to shut down own ATMs, the first domestic lender to do soThe small finance bank is now formulating a strategy where it would offer its customers 5-7 transactions free per month when they use the A...
- Why newly-listed stocks of banks and NBFCs are failing to beat the StreetBanks and finance companies that have listed on the bourses in the past two years have mostly been let-downs for investors even as stock be...
- Suryoday SFB Q4 results: Net loss widens to Rs 43 crore on sharp fall in interest incomeThe bank has reported Rs 5 crore operating loss against Rs 70 crore profit in the year ago period while total income shrunk to Rs 186 crore...
- Suryoday Small Finance Bank raises Rs 170 crore from anchor investorsThe allocation covered 29% of the IPO size and 68.4% of the total fresh issue which is set to hit the market for general subscription Wedne...
- Suryoday Small Finance Bank fixes price band for IPOThe size of the public issue would be Rs 582 crore considering the upper end of the price band.
- Fincare Small Finance Bank plans Rs 1,200 crore IPO, hires bankersAs per central bank norms, SFBs need to have a holding company as a promoter and the bank to be listed in three years of commencement of op...
- Suryoday Small Finance Bank promoters to pump in equity before seeking fundsRBI requires Suryoday to lock in promoters’ contribution at 26% for five years from January 2017.
- North East Small Finance Bank starts operations: RBIRGVN (North East) Microfinance Limited, Guwahati was one of the 10 applicants which was issued in-principle approval for setting up a small...
- ESAF Microfinance to raise Rs 650 crore before small finance bank launchESAF will officially launch small finance bank operation on March 17 after a week’s of trail run starting from March 10.
- Two small finance banks begin journey, bringing 19 lakh in banking foldThe access to public deposits would reduce their costs of fund as they would not have to rely on banks for funds for lending.
- ESAF Microfinance seeks final nod for small finance bankThe company is planning to launch operations in 60 days after it gets a final go ahead from the Central Bank.
- MFIN elects R Baskar Babu as new presidentBaskar Babu replaced previous president Manoj Nambia, managing director of Arohan Financial Services.
- CDC Group invests Rs 330cr in Janalakshmi Financial ServicesThe capital will provide for the Tier II capital of the lender and help the newly selected small bank aspirant to roll out its services.
- No licence! Banking aspirants SKS Micro, Diwan Housing may underperform market in short termThe 10 applicants were chosen from 72 applicants following detailed scrutiny of financial viability, business plans and other checks by thr...
- MFIN elects MK Nambiar of Arohan Financial Services as presidentMFIN elected Nambiar for the position, replacing Ujjivan Financial Services chief executive officer and managing director Samit Ghosh.
- Suryoday Microfinance raises Rs 20 crore from Aavishkaar and Lok CapitalThe proceeds from the latest round of funding will be used to strengthen its presence in Maharashtra, Tamil Nadu, Gujarat and Orissa, as we...
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