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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
To protect the turnaround of the last few years and have a shot at a universal banking licence, the small finance bank needs to quickly find a successor to its current chief who retires in under a year.
In a couple of days from now, Ujjivan Small Finance Bank’s reverse merger with its promoter—Ujjivan Financial Services Ltd— is set to get the all-clear.
That would be a tailwind for the small finance bank’s shares—up 103% in the last one year—as it would bring down the promoter holding to zero from a little over 73% currently. The resultant increase in free float would trigger a rerating that is expected to boost the stock, already the pick of the SFB lot—the next best performers are Equitas Small Finance Bank and Jana Small Finance Bank, which have grown by 45% and …
The Delhi-based group lender has been struggling with mounting losses, driven by the shifting priorities of borrowers and the growing pressure on field staff to meet targets.
Divergent narratives from the Haryana government and the lender raise deeper questions on oversight, authorizations and systemic lapses—answers that may emerge only after a forensic audit.
The Bengaluru-based lender is once again gearing up to seek the RBI’s nod after the central bank returned its application last year.
