MUMBAI: In a new year bonanza to its customers Equitas Small Finance Bank has waived off non-maintenance charges on all savings accounts along with offering lower transaction charges to customers. To increase its savings deposits the bank is offering interest rate of 7.5% per annum on savings account and upto 8.25% p.a. on fixed deposit. It also offers 60Read More →

Mumbai: Small finance banks (SFBs) lining up initial public offerings (IPO) to meet regulatory requirements are tapping pre-IPO funding to set price benchmarks and test investor appetite. On 14 November, Mint had reported that Ujjivan Small Finance Bank had raised ₹250 crore in a pre-IPO round led by a fund managed by the IndiaRead More →

Jana Small Finance Bank recognised 3 extraordinary women at the Financial Inclusion Conclave who have turned their adversity into an opportunity to become economically self-sufficient The Financial Inclusion Conclave organised by Jana Small Finance Bank in partnership with Times Network brought together policy makers and industry leaders on a singleRead More →

Back in 1969, I arrived for my first interview on Wall Street an hour early, because I didn’t want to be late. I sat in a Chock Full o’Nuts coffee shop nursing a cup of coffee, the one cup I could afford, checking my watch every couple of minutes. When 9:00Read More →

Mumbai: The Reserve Bank of India’s draft guidelines for ‘on tap’ licensing for ‘Small Finance Banks in the Private Sector’ proposed a minimum paid-up voting equity capital of Rs 200 crore to set up such entities. A small finance bank undertakes basic banking activities of accepting deposits and lending to unservedRead More →

May discuss revenue position, compensation framework for revenue shortfall The GST Council will interact with the Finance Commission during its September 20 meeting at Goa. This interaction assumes significance as the Finance Commission is expected to submit its report by November 30. It will suggest the formulae for the distributionRead More →

Ujjivan Small Finance Bank, a unit of non-bank lender Ujjivan Financial Services, has filed a draft prospectus with market regulator Sebi to float a Rs 1,200-crore initial public offering (IPO). Speaking with BTVI, Ittira Davis, MD & CEO at Ujjivan Financial Services, said the firm is targeting at the IPORead More →

The Waterloo Bridge area of London, home to Burford Capital UK, whose shares rose 13% on news of its governance changes. Photograph: Alamy Burford Capital is replacing its chairman and finance chief in an effort to appease shareholders after a US hedge fund made allegations of poor governance and murky accounting practices.Read More →