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SURYODAY MICROFINANCE
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...
- Small finance banks make it big on micro revivalSmall finance banks in India have concluded fiscal year 2026 with robust business growth. These lenders experienced higher-than-average loa...
- 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 Small Finance Bank Q3 Results: Profit slumps 42% to Rs 33 croreSuryoday Small Finance Bank reported a 42% YoY drop in Q3 FY25 net profit to ₹33.3 crore due to higher expenses and worsening asset quality...
- Small finance banks thinking big likely to switch on the M&A modeAU Small Finance Bank's move to acquire Fincare Small Finance Bank may encourage others to explore inorganic opportunities, industry captai...
- Uniform norms, higher digital penetration to make microfin market interest-sensitive: R Baskar BabuOver the next couple of years, a borrower will start choosing a lender based on pricing. The market at present is price-insensitive because...
- 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...
- Wait and watch Suryoday’s performance before investingInvestors may wait to see the company’s performance and asset quality trend for the next few quarters before taking an exposure.
- Suryoday Small Finance Bank raises Rs 62 crore to fund growthThe International Finance Corporation (IFC)-backed Suryoday said that the size of capital raising could have been higher but for the market...
- 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.
- 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.
- 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.
- IFMR Capital structures Rs 98-crore debt from 11 Mutual Fund InstitutionsIFMR Capital today said it has structured the first CBO (collateral bond obligation) deal in the micro-lending space in the country.
- Suryoday Microfinance raises Rs 27 crore in fresh fundingIFC, the private investment arm of the World Bank, has invested about Rs 15 crore in the Navi Mumbai-based nonbanking financial company.
- 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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