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UJJIVAN MERGER
Slice eyes $50-100 million funding at lower valuation, sharpens digital bank pitchThe small finance bank has held discussions with VC funds and other investors at a time when fintech sector has come under increasing regul...- 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...
- Jana, Ujjivan may sidestep promoter ring-fencing in universal bank shiftExperts suggest Jana SFB and Ujjivan SFB may bypass the promoter ring-fencing requirement for universal bank licenses, unlike AU SFB. Jana ...
- Ujjivan Financial Services, Fino Finance, other NBFCs surrender licensesNine non-banking finance companies, including Ujjivan Financial Services and Fino Finance, have given up their licenses for various reasons...
- Hot Stocks: Brokerages view on Persistent Systems, Ujjivan SFB, HDFC Bank and Craftsman AutomationPersistent has performed well recently in the last 1 month. The stock is not factoring in near-term softness - decision-making has not impr...
- Ujjivan SFB reports Q3 net profit at at Rs 293 croreThe lender reported a negative provisions of Rs 22 crore which is reflection of provisions write-back on net basis in line with improvement...
- Ujjivan Financial board approves merger with Ujjivan SFBAlthough the merger is subject to the regulator's final approval, the Reserve Bank of India already offered its in-principle go-ahead to th...
- Ujjivan Small Finance Bank closes QIP issue; raises Rs 475 croreThe meeting of the Merger and Placement Committee of the board of directors approved the closure of the issue period for the issue on Septe...
- Ujjivan SFB launches QIP at floor price of Rs 21.93The Merger and Placement Committee of the board has, at its meeting held on September 12, 2022, passed resolutions for authorising the open...
- High attrition at senior level, asset quality are concerns for the bank: Samit Ghosh, founder of Ujjivan Financial Services"Nitin Chugh's resignation has come as a surprise," Ujjivan's founder and non-executive chairman of the holding company Samit Ghosh told ET...
- Ujjivan will reverse merge, stabilise and then go for universal licence: Samit Ghosh“We are keenly watching what happens to Equitas in the reverse merger process because they are ahead of us and we will follow suit. But our...
- RBI's nod to SFBs and holding companies merger can unlock value for Ujjivan"We will apply for merger in late October-early November and then RBI will give us the approval, the process cannot start before our fifth ...
- Ujjivan Financial, Equitas Holdings hit upper circuit. Here's whyOn Monday, Equitas Small Finance Bank soared 19 per cent to Rs 76.75, whereas shares of Ujjivan Small Finance Bank jumped 11 per cent to Rs...
- Kotak recommends buy for holding cos of Equitas, Ujjivan, sees better risk rewardThe brokerage said it is seeing diverging performance for small finance bank shares leading to holding company discount for Equitas Holding...
- Ujjivan SFB eyes small businesses amid retreat by NBFCsMany Indian lenders are focusing their efforts on the lucrative retail loans’ business.
- Why an IPO plan for bank unit sent shares of this holding firm crashingNomura India expects the holding company to attract a holding discount of 20-80 per cent.
- Small finance bank promoters can sell holdings fully after 5 yearsThe new draft is likely to address discrepancies related to the holding company structure for small finance banks along with the listing is...
- Ujjivan Small Finance Bank to raise Rs 1,200 crore via stake saleThe post issue valuation of the bank would be around Rs 8500 crore.
- Small finance banks' capital rules on RBI radar againThe review of the norms may immediately benefit Equitas Small Finance Bank and Ujjivan Small Finance Bank, which are desperately trying to ...
- RBI halts small bank promoters’ reverse merger plansThe central bank said the banks have to be listed within three years, without fail.
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