Tag Archives: small finance banks

After IPOs, Acquisitions Dominate Microfinance Sector

Amid rumours of IndusInd Bank acquiring Bharat Financial or former SKS Microfinance, which was the first to go IPO route to successfully raise funds, markets are set to turn their attention to the lucrative market segment again. Private Banks have increasingly turned their attention to microfinance institutions as the IPO route has clearly indicated their potential not only as junior ...

Read More »

Microfinance Sector Under Pressure Again?

Microfinance industry has come under pressure once again after a gap of five years, bringing to the fore the reality check of actual beneficiaries under its avowed vision for a greater financial inclusion. While MFIs are vocal about their commitment to reach a wider section of population in rural areas, the unbanked or underserved urban segments, the criticism is mounting ...

Read More »

Ujjivan Leads MFI Stocks, Equitas Equally Impressive

Backed by RBI license to start a Small Finance Bank (SFB), Bangalore-based Ujjivan adn Chennai-based Equitas have hit the IPO route this year to make a winning streak in collecting more than expected funds from the public and now they are swaying the markets. Ujjivan Financial Services shares rallied at 20% reaching to Rs 400 on Friday, while its Chennai ...

Read More »

Missing Middle: Microfinance Industry Hopes Small Finance Banks Will Fill Gap

Microfinance industry experts who addressed the annual Inclusive Finance Summit 2015 in New Delhi on Wednesday have expressed optimism that the new Small Finance Banks will fill the "missing middle" in reaching the unbanked and bottom of the pyramid. Eight out of 10 Small Finance Banks which have been given in-principle nod by RBI are microfinance institution (MFIs). While some ...

Read More »

RBI Nod to 10 Microfinance Players to Widen Banking in Rural Areas

The Reserve Bank of India (RBI) has granted its in-principle permission for 10 out of 72 applicants to foray into the rural and untrapped segments of households with set conditions, which they were asked to fulfil before finally allowing them to open banks. Based on Bandhan Microfinance that romped into full-fledged Bandhan bank this year, the country’s central bank is ...

Read More »