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Centrum Capital

Unity Small Finance Bank Q3 results: Net profit jumps 79% to Rs 110 crore

Unity Small Finance Bank, promoted by the Centrum Group, on Monday reported a 79 per cent increase in net income at Rs 110 crore in the December quarter, boosted by all-round good set of numbers. The bottom line was boosted by a Rs 257 crore income on the back of net interest margin that stood at 10.9 per cent, the bank said in a statement. While the bank's deposits crossed Rs 5,000 crore-mark, up 163 per cent year-on-year, its net advances increased 80 per cent to Rs 6,601 crore. The bank saw an improvement in asset quality with net NPAs (non-performing assets) coming down to 0.9 per cent. Its total income rose 208 per cent to Rs 438 crore, of which net income was Rs 328 crore, up 90 per cent, and net interest income rose 71 per cent on-year to Rs 257 crore. Unity Small Finance Bank was created out of the merger of the Centrum Capital of the Centrum group with the then scam-ridden PM Cooperative Bank.

Unity Small Finance Bank Q3 results: Net profit jumps 79% to Rs 110 crore
Updated On : 05 Feb 2024 | 5:00 PM IST

Centrum Capital to consider raising Rs 1,000 crore via issue of NCDs

The outcome of the board meeting will be communicated to the stock exchanges after conclusion of the board meeting on May 19, 2023

Centrum Capital to consider raising Rs 1,000 crore via issue of NCDs
Updated On : 04 May 2023 | 10:58 PM IST

Unity SFB not affected by BharatPe tussle: Centrum Capital's Jaspal Bindra

Jaspal Bindra says Centrum's partnership is with funds like Sequoia, not Grovers

Unity SFB not affected by BharatPe tussle: Centrum Capital's Jaspal Bindra
Updated On : 25 Feb 2022 | 12:14 AM IST

Centrum soars 19% as RBI grants SFB license to consortium with BharatPe

The RBI has issued a Small Finance Bank license to the Centrum Group-BharatPe consortium; new SFB has been incorporated as 'Unity Small Finance Bank'

Centrum soars 19% as RBI grants SFB license to consortium with BharatPe
Updated On : 13 Oct 2021 | 10:08 AM IST

Clix Capital, Suryoday SFB in merger talks; deal in advanced stage

Clix had earlier made a non-binding offer to buy up to 85 per cent stake in LVB

Clix Capital, Suryoday SFB in merger talks; deal in advanced stage
Updated On : 13 Sep 2021 | 4:00 AM IST

Centrum to merge Micro credit, SME biz with small fin bank for Rs 426 cr

The transfer, via a slump sale is subject to shareholders, statutory and regulatory approvals. Centrum has indicated the transaction would be completed in two months

Centrum to merge Micro credit, SME biz with small fin bank for Rs 426 cr
Updated On : 25 Aug 2021 | 12:49 AM IST

PMC Bank gets some cooperative support, but revival to take time

The takeover of this bankrupt urban cooperative bank by the Centrum-BharatPe combine marks the first instance of NBFCs, high-net worth individuals and fintechs being allowed entry in this space

PMC Bank gets some cooperative support, but revival to take time
Updated On : 30 Jun 2021 | 2:37 PM IST

Longer wait for depositors as RBI extends curbs on PMC Bank till Dec 31

There was considerable buzz among depositors after RBI gave in-principle nod to Centrum Financial Services and BharatPe to set up an SFB in lieu of a restoration scheme of PMC Bank

Longer wait for depositors as RBI extends curbs on PMC Bank till Dec 31
Updated On : 26 Jun 2021 | 12:44 AM IST

Stocks to watch: Hero Moto, NMDC, HDFC Bank, Centrum Capital, VIL, CDSL

Two-wheeler maker Hero MotoCorp will hike its vehicle prices by up to Rs 3,000 from July to partially offset the impact of the higher commodity prices

Stocks to watch: Hero Moto, NMDC, HDFC Bank, Centrum Capital, VIL, CDSL
Updated On : 23 Jun 2021 | 8:53 AM IST

Centrum Capital plans to raise up to Rs 500 crore in equity via QIP

The board also gave nod to the issuing of non-convertible debentures of up to Rs 1,000 crore

Centrum Capital plans to raise up to Rs 500 crore in equity via QIP
Updated On : 23 Jun 2021 | 12:46 AM IST

Centrum Capital hits 52-week high as arm gets RBI nod to set up SFB

Centrum Group, on Friday, said it has also received approval from the RBI to take over the troubled cooperative lender Punjab and Maharashtra Co-operative Bank Limited

Centrum Capital hits 52-week high as arm gets RBI nod to set up SFB
Updated On : 21 Jun 2021 | 11:45 AM IST

Stocks to watch: RIL, PNB Housing, Centrum Capital, HDFC Bank, ICICI Bank

S&P Global Ratings on Friday said it has revised the rating outlook on ICICI Bank Ltd to stable from negative

Stocks to watch: RIL, PNB Housing, Centrum Capital, HDFC Bank, ICICI Bank
Updated On : 21 Jun 2021 | 8:49 AM IST

RBI has given us 120 days to operationalise SFB: Centrum's Jaspal Bindra

In an exclusive interview with Business Standard, Jaspal Bindra, executive chairman of Centrum group said it has committed Rs 1,800 cr capital to the SFB, Rs 900 cr of which will come in first year

RBI has given us 120 days to operationalise SFB: Centrum's Jaspal Bindra
Updated On : 19 Jun 2021 | 12:51 AM IST

Centrum Capital board okays plan to raise Rs 180 bn

Centrum will also raise a sum not exceeding Rs 7.5 billion through issue of securities in one or more tranches

Centrum Capital board okays plan to raise Rs 180 bn
Updated On : 03 Jan 2018 | 11:07 PM IST

Centrum Capital hits record high after block deals

The stock rallied 14% to Rs 61.50 after an over 2% of total equity shares were traded on BSE.

Centrum Capital hits record high after block deals
Updated On : 09 Aug 2017 | 11:01 AM IST

Centrum Capital hits 52-week high on stake hike by promoters

The stock rallied 11% to Rs 32.60 in intra-day trade, extending its Thursday's 10% gain on the BSE

Centrum Capital hits 52-week high on stake hike by promoters
Updated On : 23 Dec 2016 | 1:47 PM IST

Centrum Capital surges after huge block deal

The stock surged 18% after nearly 5% of co's total equity changed hands through block deal on the counter

Centrum Capital surges after huge block deal
Updated On : 22 Dec 2016 | 10:42 AM IST

Centrum bets big on housing, SME lending

Gets shareholders nod for Rs 1,000-crore capital-raising plan

Centrum bets big on housing, SME lending
Updated On : 11 Oct 2016 | 1:15 AM IST