Small Finance Bank


AU SFB seeks RBI nod to become universal bank

AU SFB seeks RBI nod to become universal bank

AU is first Small Finance Bank to submit application to RBI to voluntarily convert itself to a universal bank; move to allow the SFB to expand its reach and services.


Why small finance banks are in no hurry to become universal banks

Why small finance banks are in no hurry to become universal banks

Despite RBI allowing on-tap licensing, CEOs of small finance banks say they would lower their unsecured loan portfolio before transitioning to universal banks.

Former SBI veteran to head Ujjivan SFB

Former SBI veteran to head Ujjivan SFB

RBI approves appointment of Sanjeev Nautiyal as MD and CEO of Ujjivan Small Finance Bank; replacing Ittira Davis, he will have a tenure of three years from 1 July.


RBI issues norms for voluntary conversion of SFBs into universal banks

RBI issues norms for voluntary conversion of SFBs into universal banks

RBI sets norms for voluntary transition of small finance banks to universal banks; includes minimum net worth of Rs 1,000 crore, net profit in last two financial years, low NPA ratio and diversified loan portfolio.


AU SFB launches slew of products

AU SFB launches slew of products

AU Small Finance Bank has launched a slew of products, including Rupay credit card and ATM insurance, aimed at boosting fee income.


AU-Fincare Small Finance Bank merger gets RBI nod

AU-Fincare Small Finance Bank merger gets RBI nod

The merger is effective 1 April. All branches of Fincare Small Finance Bank will function as branches of AU Small Finance Bank.


Ajay Kanwal gets three more years as CEO of Jana Small Finance Bank

Ajay Kanwal gets three more years as CEO of Jana Small Finance Bank

RBI approves re-appointment of Ajay Kanwal as MD and CEO of Jana Small Finance Bank for three years; new tenure from 21 March 2024 till 20 March 2027.

Jana Small Finance Bank IPO subscribed 18.5 times

Jana Small Finance Bank IPO subscribed 18.5 times

Jana Small Finance Bank’s IPO received bids for 18,71,96,580 shares as against 1,01,16,284 shares on offer.

Jana Small Finance Bank raises Rs 167 crore from anchor investors

Jana Small Finance Bank raises Rs 167 crore from anchor investors

Jana Small Finance Bank has raised Rs 166.95 crore from anchor investors, a day ahead of its IPO opening.

IPO: Capital Small Finance Bank raises Rs 157 crore from anchor investors

IPO: Capital Small Finance Bank raises Rs 157 crore from anchor investors

Jalandhar-based Capital Small Finance Bank has raised Rs 156.92 crore from anchor investors a day before the IPO opening. 


Ujjivan SFB Q3 net up 2.3% to Rs 300 crore

Ujjivan SFB Q3 net up 2.3% to Rs 300 crore

Ujjivan Small Finance Bank reports small rise in net profit for quarter ended December 2023 over year-ago period while deposit and loan growth remains strong.

Fino Payments Bank applies for SFB licence, awaits RBI nod

Fino Payments Bank applies for SFB licence, awaits RBI nod

Fino Payments Bank has a net worth of Rs 600 crore, much higher than the minimum capital requirement of Rs 200 crore for SFBs.

ESAF raises Rs 135 cr from anchor investors ahead of IPO

ESAF raises Rs 135 cr from anchor investors ahead of IPO

ESAF Small Finance Bank allocates 2,25,24,998 equity shares at Rs 60 per share to 11 anchor investors; this is at upper end of IPO price band.

ESAF SFB to cut IPO size by 50% to Rs 500 cr

ESAF SFB to cut IPO size by 50% to Rs 500 cr

ESAF Small Finance Bank will soon refile its IPO document but cut size of float by half to Rs 500 crore in face of volatile market conditions, CEO K Paul Thomas told Indianbankingnews.com.

ESAF Bank net profit jumps over four-fold to Rs 302 crore in FY23

ESAF Bank net profit jumps over four-fold to Rs 302 crore in FY23

ESAF Small Finance Bank’s net profit for the quarter ended March 2023 stood at Rs 101.38 crore versus Rs 37.41 crore in the preceding quarter.