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

The 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...

Banks 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...

The 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...

The 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...

The size of the public issue would be Rs 582 crore considering the upper end of the price band.

As 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...

RBI requires Suryoday to lock in promoters’ contribution at 26% for five years from January 2017.

RGVN (North East) Microfinance Limited, Guwahati was one of the 10 applicants which was issued in-principle approval for setting up a small...

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

The access to public deposits would reduce their costs of fund as they would not have to rely on banks for funds for lending.

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

Baskar Babu replaced previous president Manoj Nambia, managing director of Arohan Financial Services.

The capital will provide for the Tier II capital of the lender and help the newly selected small bank aspirant to roll out its services.

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

MFIN elected Nambiar for the position, replacing Ujjivan Financial Services chief executive officer and managing director Samit Ghosh.

The proceeds from the latest round of funding will be used to strengthen its presence in Maharashtra, Tamil Nadu, Gujarat and Orissa, as we...