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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.
Cutting its decades-old reliance on microfinance loans is the only way the SFB can meet the regulator’s conditions for transitioning to a full-fledged bank
Ujjivan Small Finance Bank faces its biggest test yet.
In February, it applied to the Reserve Bank of India for a Universal Banking Licence—a licence that would make it a full-fledged bank, completing its evolution from a deposit-taking non-banking financial company back in 2005 and a small finance bank since 2016.
Ujjivan meets the two basic criteria for such a licence. It has a net worth over Rs 1,000 crore and has operated as a scheduled bank with a satisfactory performance record for at least five years. Which is why it expects the RBI to grant it permission before the …
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.
The acquisition of IDBI Bank puts his Fairfax smack dab in the middle of the RBI’s rules on bank ownership. It must now decide whether to sell CSB Bank or merge the two lenders, neither of which will be easy.
Lenders stand to gain a lot more than borrowers in the current challenging market environment
