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esaf small finance bank looks for foreign equity partner




kerala-based esaf small finance bank has begun talks to find a foreign equity partner, more than a year after it received a licence from the reserve bank of india (rbi) to set up a small finance bank (sfb). “we are in talks with foreign investors. but the talks are in initial stages, and by the ne...



small finance banks on deposit mobilisation spree on 1st year of operation




"we have a two-pronged strategy for deposit mobilisation. first, we are focusing on having high-value bulk deposits from the corporate sector. we are eyeing entities like high net worth individuals (hnis), non-banking finance companies (nbfcs) and regional rural banks for that. for retail deposits, ...



small banks plan to lower deposit rates as pressure on margin mounts




small finance banks, which have been defying the trend of cheap money and are offering as much as nine per cent interest on deposits, are now falling in line and reducing interest rates. esaf, suryoday, capital local area bank and fincare small finance bank are a few of these banks planning to reduc...



sfbs look to pare interest rates as pressure on margin mounts




small finance banks, which so long have been defying the trend of falling interest rates and offering as high as 9 per cent interest rates on deposits, are now reducing interest rates. esaf, suryoday, capital local area bank and fincare small finance bank are few of the banks looking to reduce inter...



esaf small finance bank to starts operation in mumbai




the bank crossed rs 1,000 crore of deposits since starting operation in may 2016. the bank’s net worth currently stands at rs 301 crore. it had a standalone profit of rs 5.25 crore in the september quarter. the gross non-performing asset ratio currently stands at 4.98 per cent. thomas said that de...



suryoday small finance bank to open 90 branches in the country




"out of 90 branches, we have so far opened 19. by the next financial year we will be completing opening of 90 branches and converting 37 micro finance branches to banking outlets", said pawan tandon, head (branch banking) of the small finance bank. pawan was in the city to inaugurate bank's first br...



idbi bank to raise up to rs 2,500 cr in equity capital




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hdfc to raise up to rs 13,000 cr via equity, convertible instruments




housing development finance corporation (hdfc), the country’s largest mortgage lender, is planning to raise up to rs 13,000 crore by issuing equity shares and other securities. it will use the proceeds to invest up to rs 8,500 crore in hdfc bank to retain its stake at 21 per cent in the latter.  ...



creador picks up 5% stake in ujjivan financial services for rs 215 cr




private equity (pe) firm creador has invested rs 215 crore ($33 million) in ujjivan financial services ltd.  ardisia limited, an affiliate of creador iii lp, has invested the amount for a five per cent stake in publicly listed ujjivan financial services. this is the 28th investment for creador (10t...



lakshmi vilas bank plans to raise rs 786 crore through rights issue




lakshmi vilas bank (lvb) is planning to raise funds for the rights issue.earlier, the bank's board of directors gave the approval to raise funds through equity shares on rights basis to existing shareholders of the bank (rights issue) for an amount up to rs 800 crore. today the capital raising com...



lakshmi vilas bank falls 6% after fixing rights issue ratio




lakshmi vilas bank has dipped 6% to rs 170 on the bse in intra-day trade after the private sector lender fixed rights issue in the ratio of 1:3 i.e. one rights equity share for every three equity shares held by the eligible shareholders on the record date.the bank has fixed december 06, 2017 as the ...



psb rally has more legs; re-rating, more upside likely, say analysts




even after a record rally in public sector bank (psb) stocks since the announcement of recapitalisation plan, analysts covering the sector sees more upside as they believe the financial health of the psbs will soon improve, triggering a re-rating of these bank stocks. the analysts, however, see more...



dena bank raises over rs 401 cr via qip




public sector lender dena bank today said it has raised rs 401.26 crore by issuing equity shares through qualified institutional placement (qip) route.the issue committee of the board of directors of the bank at the meeting held today approved the closure of the qip today (october 13, 2017).it appro...



no bank guarantees required for small exporters: govt




to give relief to small exporters, the government has decided to exempt them from furnishing bank guarantee for shipping goods and services, the finance ministry said on friday. the decision comes a day after exporters met finance minister arun jaitley for resolution of gst-related problems to boost...



axis bank to raise rs 11,625 cr via issue of equity shares, warrants




private lender axis bank's board of directors on friday agreed to raising of rs 11,625 crore through the issue of preferential equity shares and convertible warrants.  according to tv reports, axis bank on friday announced that it would issue 55.6 million equity shares to bc asia investments on pre...



greece plans to create state development bank in 2018 | business




greece is eyeing the creation by mid-2018 of a state development bank that would lend to small and medium-sized enterprises (smes) to aid the recovery from its long economic crisis, government officials said on monday.smes account for more than 85 percent of companies in greece, according to some as...



indian bank gets sebi nod to raise capital by selling equity shares via qip




market regulator securities and exchange board of india (sebi) has approved public sector lender indian bank to raise capital by selling equity shares through a qualified institutional placement (qip), subject to approval from the government of india. the plan is to achieve the minimum public shareh...



abn amro, ing in top three of best performing european banks




photo: wikimedia commonsbased on return on equity (roe), abn amro and ing are second and third on the list of the best performing banks in europe, the financieele dagblad reported on friday.with a low roe, a bank is in trouble, analysts and big investors claim. and usually the bank is inefficient, h...



rbi allows strong arcs to hold more than 26% in sick units




in a major boost to the asset reconstruction companies (arcs) the reserve bank today relaxed norms capping their shareholdings at 26% in the borrower firm under reconstruction, provided their net-owned funds are maintained at rs 100 crore. earlier arcs could convert a portion of the debt into equity...



hdfc mf, sbi mf are top two amcs in terms of equity assets




domestic asset management companies (amcs) are sitting on their highest-ever equity assets at over rs 8 lakh crore. the mutual fund industry went through a turbulent phase after the 2008 financial crisis.  the tide turned in early 2014 when investors once again started flocking to equity schemes. a...



psbs gain; sbi, pnb, canara bank, bank of baroda, bank of india up 3%




shares of public sector banks (psbs) were in focus with the nifty psu bank index rallying more than 7% from its early morning lows on national stock exchange (nse).at 11:49 am; nifty psu bank index, the largest gainer among sectoral indices, was up 3% at 3,854 as compared to0.81% rise in the benchma...



bank recapitalisation: pnb, 7 other psbs to raise money from mkt by march




as many as eight public sector banks (psbs) have decided to raise capital from the market within four months as part of the rs 2.11 lakh crore recapitalisation plan, according to official sources.some banks have already got approval from the finance ministry while others are in the process of gettin...



kotak mahindra bank seeks nod to raise foreign investment limit




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account additions in equity mutual funds zoom




equity mutual funds (mfs) have added 27,000 new accounts a day in the first six months of 2017-18. this is the fastest pace of account addition in the equity segment since 2008. the april-september period witnessed the opening of five million new equity accounts, taking the overall tally to 45.8 mil...



ubi gets sebi approval for rs 1,000-cr equity issue via qip




state-owned lender united bank of india today said it has received market regulator sebi's approval for issue of equity shares worth rs 1,000 crore by way of institutional placement.the kolkata-headquartered bank had in january informed the bourses it planned to raise up to rs 1,500 crore through qu...