Ujjivan

RBI approves appointment of Sanjeev Nautiyal as MD&CEO of Ujjivan SFB

Third CEO in five years; current CEO Davis to be relieved early

Ujjivan SFB reports 44 % YoY growth in advances in Q2, loan book expands

Lender reports 45% growth in deposits to Rs 20,389 crore at the end of the quarter

Ujjivan SFB to have 50% assets in secured loans over next 2-3 years

Ujjivan Small Finance Bank, after facing headwinds amid the COVID-19 pandemic, is charting out a more balanced growth path by increasing its secured loan book to 50 per cent of total assets in 2 years

Ujjivan SFB raises interest rates by 50-75 bps on FDs up to Rs 2 crore

For depositors aged under 60, the bank is offering 6.5% for a 12 months tenure, and 6.6% for 19-24 months; seniors get an additional 75 bps across tenures

Ujjivan SFB shares drop nearly 7% on profit-booking after stellar debut

On the National Stock Exchange (NSE), it plunged 6% to close at Rs 52.55

Ujjivan Small Finance Bank: Despite stellar gains, HNIs book losses

The HNI segment had seen oversubscription to the tune of 486 times

Street cheers for Ujjivan Small Finance Bank, IPO sees 170x subscription

According to investment bankers, the issue was of over 16 million applications, making it one of the most-subscribed IPOs

Ujjivan Small Finance Bank IPO subscribed 1.7 times on first day

Only 10% of the shares on offer were reserved for retail investors, against the usual 35%

Ujjivan SFB raises Rs 304 crore from anchor investors ahead of IPO

Singapore govt, CX Partners are key anchor investors

Ujjivan SFB IPO: Promising franchise comes at a reasonable valuation

Ability to diversify is well demonstrated; its effectiveness may take a while to reflect on numbers

Ujjivan SFB's Rs 750-cr IPO priced at 3x its book value; issue opens Dec 2

The shareholders of Ujjivan Financial Services will get shares at a discount of Rs 2 per share to the final issue price.

SFBs likely to tweak shareholding pattern ahead of listing deadline

After five years of operations as SFBs, RBI norms allow the SFBs to go for reverse merger

Equitas, Ujjivan might be safer bets than BFIL

The Street is bracing for an elevated asset quality stress for MFIs

Ujjivan's profit doubles to Rs 71 cr

Income rose 50% to Rs 329 cr

Rich investors left with little after listings

Over-subscription, rise in IPO loan rates push up costs, eat into listing gains

Ujjivan to open 100 new branches to meet licence norms

Micro-lender says that the identification process for such new banks has already begun

In longer run, Ujjivan might seek permission for reverse merger

The reverse merger, which is necessary to meet regulatory norms, would be that of Ujjivan Financial Services and its banking subsidiary

Ujjivan Financial IPO to raise up to Rs 882 crore

Foreign shareholding to come down to 45%, from 77%