RBI allows SFBs to merge with holding cos; Ujjivan, Equitas Holdings up 20%

The Reserve Bank of India has allowed small finance banks (SFBs) and respective holding companies to apply for the Amalgamation scheme

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3 min read Last Updated : Jul 12 2021 | 9:48 AM IST

Shares of Equitas Holdings, Ujjivan Financial Services, and IDFC rallied up to 20 per cent on the BSE in the intra-day trade on Monday after the Reserve Bank of India

Topics : Reserve Bank of India Equitas Holdings Buzzing stocks Ujjivan Financial Services Ujjivan Small Finance Bank Equitas SFB Markets

First Published: Jul 12 2021 | 9:48 AM IST

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RBI allows SFBs to merge with holding cos; Ujjivan, Equitas Holdings up 20%

The Reserve Bank of India has allowed small finance banks (SFBs) and respective holding companies to apply for the Amalgamation scheme

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