The RBI in December extended the restrictions on Punjab and Maharashtra Cooperative (PMC) Bank for another three months till the end of Mar...

In September 2019, RBI had superseded the board of PMC Bank and placed it under regulatory restrictions, including a cap on withdrawals by ...

The Reserve Bank of India (RBI) has detailed a draft scheme for the merger of sick Punjab and Maharashtra Cooperative (PMC) Bank with the n...

The 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...

Shares of Ujjivan Small Finance Bank ended up 0.2% at Rs 48.85 on Tuesday.

The lender had raised Rs 745.95 through an initial public offer (IPO) in December 2019.

The Ujjivan Bank is now the best IPO of 2019, overtaking IRCTC issue.

The IPO received bids for 60,29,84,400 shares against the issue size of 12,39,58,333.

The issue received bids for 3,37,51,600 against an issue size of 12,39,58,333 shares.

The loan book has doubled between March 2017 and September 2019 while deposits improved.

The IPO, with a price band of Rs 36-37 per equity share, will close on December 4.

Historically, FPIs have bought into large cap counters. But it is different this time and they are now concentrating on mid-caps. A concent...

Ujjivan will complete three years of operations on January 31, 2020.

USFB seeks to raise Rs 1,200 cr, including reservation of equity shares up to Rs 120 cr.

The bank board has approved the proposal for an IPO earlier this week.

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...

USFB received final approval to convert from a micro finance institution to a small finance bank in November 2016.