PMC Bank merger with Unity Small Finance Bank awaits govt approvalThe RBI in December extended the restrictions on Punjab and Maharashtra Cooperative (PMC) Bank for another three months till the end of Mar...
RBI extends restrictions on PMC Bank for 3 months till March 2022In September 2019, RBI had superseded the board of PMC Bank and placed it under regulatory restrictions, including a cap on withdrawals by ...
RBI details draft amalgamation plan for PMC BankThe Reserve Bank of India (RBI) has detailed a draft scheme for the merger of sick Punjab and Maharashtra Cooperative (PMC) Bank with the n...
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...
IIFL Securities initiates 'buy' on Ujjivan Small Finance Bank, target price Rs 56Shares of Ujjivan Small Finance Bank ended up 0.2% at Rs 48.85 on Tuesday.
Ujjivan Small Finance Bank utilises entire fund of Rs 746 crore raised via IPOThe lender had raised Rs 745.95 through an initial public offer (IPO) in December 2019.
Bumper Issue! Ujjivan SFB IPO overall subscribed 166 times, sees highest subscription in 2019The Ujjivan Bank is now the best IPO of 2019, overtaking IRCTC issue.
Ujjivan SFB IPO subscribed 4.86 times on Day 2The IPO received bids for 60,29,84,400 shares against the issue size of 12,39,58,333.
Ujjivan SFB IPO subscribed 1.62 times on Day 1The issue received bids for 3,37,51,600 against an issue size of 12,39,58,333 shares.
Strong fundamentals make Ujjivan Bank IPO a good betThe loan book has doubled between March 2017 and September 2019 while deposits improved.
Ujjivan Small Finance Bank’s Rs 750-crore IPO to open on December 2The IPO, with a price band of Rs 36-37 per equity share, will close on December 4.
5 stocks that foreign portfolio investors are buying nowHistorically, FPIs have bought into large cap counters. But it is different this time and they are now concentrating on mid-caps. A concent...
RBI flags shortcomings at Ujjivan Small Finance BankUjjivan will complete three years of operations on January 31, 2020.
Ujjivan Small Finance Bank files DRHP for Rs 1,200 crore IPOUSFB seeks to raise Rs 1,200 cr, including reservation of equity shares up to Rs 120 cr.
Ujjivan Small Finance Bank begins IPO preparationThe bank board has approved the proposal for an IPO earlier this week.
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...
Utkarsh SFB plans to shore up equity for expansionUSFB received final approval to convert from a micro finance institution to a small finance bank in November 2016.