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HIRING IN SFBS
Co-branded cards squeeze; Slice’s valuation resetHappy Wednesday! Global economic challenges are casting dark clouds over the Indian consumer lending business. This and more in today’s ETt...- Small Finance Banks lead Indian banking job creation in FY25Small Finance Banks (SFBs) emerged as the largest job creators in the Indian banking sector, with net hiring reaching a five-year high of 2...
- Ujjivan SFB to work on key focus areasThe SFB entered new states in FY24, which is expected to support the loan book growth in the medium term. The analysts have trimmed the ear...
- BharatPe banks on engineersIn today's ETtech Morning Dispatch: Making sense of BharatPe's banking foray; Mastercard ban gives Visa all the power; Over 150,000 IT jobs...
- 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...
- SFBs may clip at 30%, needs Rs 6,000 cr capital by FY23: ReportThese banks have witnessed growth in assets under management, deposits, and better return on their equities.
- State-run banks with PCA tag prune ATMs in a bid to cut costsOf the 11 banks under PCA, seven have cut down their ATMs.
- We don’t want to grow merely for the sake of growth: Ajay Kanwal, CEO, Jana Small Finance BankThe bank, which starts operations two-and-a-half years after receiving an in-principle nod from RBI, will not repeat the past mistake of ch...
- In the short term, our return ratios have almost peaked out: Samit Ghosh, Ujjivan FinancialThe two-year period, in which we are transforming and the two year period following that our returns would definitely be impacted before it...
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