The IPO of the lender, which was open for subscription during December 2-4, was subscribed more than 170 times at a price band of Rs 36-37 per share
CRL was launched in September by MFIN and Sa-Dhan, an RBI-recognised association of MFIs, along with Finance Industry Development Council, an association of NBFCs
The regulator said if the variable pay is up to 200% of the fixed pay, at least 50% of it should be in non-cash
ESAF Small Finance Bank, which began operations in March 2017, saw an over threefold jump in its net profit to Rs 90 crore in 2018-19
The shares ended the session nearly 13 per cent lower at Rs 102 as analysts slashed price targets for the stock, citing so-called "holding company (holdco) discount"
Shareholders are vulnerable to deep 'Holding company' discount, risk of further stake dilution and possible moderation in return ratios
RBI last week refused to extend the listing deadline for ESFB and barred it from opening new branches till further orders
After five years of operations as SFBs, RBI norms allow the SFBs to go for reverse merger
Overhang for Equitas and Ujjivan is listing of small finance arms