Chandigarh: Punjab-based Capital Small Finance Bank (CSFB) has raised Rs 64.66 crore through 14.7 per cent equity sale to ICICI Prudential Life Insurance, HDFC Standard Life Insurance and Pi Ventures LLP. The three companies have acquired a stake of 4.9 per cent each in Capital Small Finance Bank…
Tag: small finance bank
ESAF to raise Rs 300 cr for small finance bank
Thrissur-based ESAF Microfinance is planning to raise around Rs 300 crore to support its Small Finance Bank operation, for which it has got a licence. The new SFB is expected to start operating by mid-February 2017. ESAF says the aim is to make profit in the first year itself; it will be listed o…
MSMEs, affordable housing will be our focus areas: ESAF Microfin CMD
With the final approval coming through from the RBI for small finance bank, Thrissur-based ESAF Microfinance is all set to start banking operations by the first quarter of 2017. The bank will target the MSME and affordable housing sectors. In an interview, K Paul Thomas, Chairman and Managing Dir…
Small finance banks eye priority sector lending certificates to boost fee income
Mumbai: As small finance banks gear up to start operations over the next few months, they are eyeing Priority Sector Lending Certificates (PSLC) as a key business opportunity to boost their fee income. PSLC is a short-term accounting instrument used by banks to cover shortfalls in meeting priorit…
Ujjivan expects modest growth on way to becoming a small bank
Bengaluru-based Micro Finance Institution Ujjivan Financial Services, which will hit the primary market on April 28 with a Rs 900-crore IPO, expects moderate growth in the next couple of years as it transitions into a small finance bank. “The RBI has told us for the first two years that we …