The Kerala-based bank’s total deposits stood at Rs 26,197 crore and gross advances at Rs 23,832 crore as on 11 June.
RBI has advised Ujjivan Small Finance Bank to reapply after demonstrating a diversified loan portfolio.
Utkarsh Small Finance Bank realises just Rs 195 crore from the sale, which is 13% of outstanding loan pool sold; ARCIL is biggest buyer.
RBI approves reappointment of Sanjay Agarwal as AU Small Finance Bank MD & CEO for 3 more years from 19 April 2026.
ESAF Small Finance Bank has appointed Karthikeyan Manickam, a former executive director of Bank of India, as its chairman.
AU Small Finance Bank has received approval from Department of Financial Services to increase foreign investment limit from 49% to 74%.
RBI has granted 'in-principle' approval to Fino Payments Bank to convert into a small finance bank; had applied for licence in 2023.
ESAF Financial Holdings submits modified proposal to reduce shareholding in ESAF Small Finance Bank; RBI had rejected earlier proposal.
ESAF Small Finance Bank’s proposal would have led to Dia Vikas Capital effectively being issued a 12.17% stake; promoter ESAF Financial Holdings will need to find alternative way to trim shareholding in the bank.
RBI rejected the application due to non-fulfilment criteria; Jana Small Finance Bank had applied in June this year.
Ujjivan SFB is planning to expand its loan book to Rs 1 lakh crore by FY30, triple its deposit base and increase branch network to 1,150, says MD & CEO Sanjeev Nautiyal.
Besides Shivalik SFB’s existing investors, Accel, Quona Capital, Lightspeed and Sorin Investments also participated in this funding round.
AU Small Finance Bank’s expansion includes 30 liability branches and 21 microfinance & inclusive banking branches.
RBI asks AU Small Finance Bank promoters Sanjay Agarwal and family to move their holding to a non-operative financial holding company; gives 18-month window to complete its transition into a universal bank.
RBI grants ‘in-principle' approval to AU Small Finance Bank; last time RBI did so was in 2015 to microfinance firm Bandhan Bank.
