Small Finance Banking

AU Small Finance Bank strengthens board with 2 new independent directors

The bank has appointed N S Venkatesh and Satyajit Dwivedi as non-executive independent directors for a three-year term, and reappointed Malini Thadani for a second three-year term

SFB advances to cross ₹2 trillion in FY26, grow 16-17%: Crisil Ratings

Crisil Ratings expects non-microfinance segments like housing, MSME and vehicle loans to drive 16-17% growth in small finance banks' advances this fiscal

VFS Capital withdraws small finance bank licence application: RBI

The NBFC-MFI, which reported a 117% rise in profit in FY25, has withdrawn its SFB licence application filed under RBI's on-tap licensing framework

SFBs boost secured lending as they move towards universal bank status

AU, Ujjivan, and Jana Small Finance Banks increase share of secured assets in line with RBI's diversification guidelines for voluntary conversion to universal banks

SFBs' Q1 net profit slumps 76% to ₹309 crore as credit costs rise

Small Finance Banks reported a 76 per cent drop in Q1 net profit as provisions surged and net interest income weakened, while gross NPAs jumped nearly 70 per cent year on year

AU Small Finance Bank up 7%; first SFB to get RBI's universal bank approval

AU Small Finance Bank's share price was trading 1.7 per cent higher at ₹755.8 per share on the NSE

We are in no hurry to become a universal bank: Suryoday SFB MD & CEO

There's nothing I can immediately think of. Our current roadmap is built around one core idea: how do we build a real, meaningful customer relationship on both sides of the balance sheet, he said

RBI bars lenders from charging pre-payment fees on MSE, individual loans

RBI bans pre-payment charges on floating-rate loans for individuals and MSEs from Jan 2026. The move aims at ensuring fair lending practices and improving access to affordable finance

ESAF Small Finance shares rise 3% on sale of NPAs worth ₹733 crore to ARC

ESAF Small Finance Bank shares rose 3 per cent on Tuesday after it completed the sale of non-performing assets (NPAs) and technically written-off loans

The goal is a solid bank with tight credit, governance: Jana SFB MD & CEO

Jana Small Finance Bank's Managing Director and Chief Executive Officer discusses the bank's future plans and growth strategy

Jana Small Finance Bank applies to RBI for universal banking licence

Jana Small Finance Bank (Jana SFB) on Monday said it has formally submitted an application to the Reserve Bank of India (RBI) seeking approval to transition into a universal bank. The strategic move marks a significant milestone in Jana Bank's growth journey and reflects its long-term commitment to financial inclusion, innovation, and sustainable banking, the bank said in a statement. Over the past several years, Jana SFB has successfully built a strong retail and MSME franchise, expanded its digital and physical footprint across the country, and consistently delivered on key financial and governance metrics, it said. Since receiving its SFB licence in 2017, Jana has built a robust portfolio in deposits, loans, and financial services tailored to individuals, MSMEs, and institutions, it said. With a growing deposit base, national presence, digital services and a strong asset quality track record, the bank believes it is well-positioned to take the next step in its evolution, it adde

Jana Small Finance Bank applies to RBI for transition to universal bank

Jana Small Finance Bank has applied to the RBI for voluntary transition to a universal bank, meeting key financial criteria including NPAs below regulatory thresholds for two years

Full-scale launch of DakPay by mid-FY26: India Post Payments Bank MD & CEO

Says transition to small finance bank will help margins but operational cost for small ticket loans are very high

AU Small Finance Bank aiming to secure a share of wealth management biz

Although a small finance bank licence comes with certain restrictions on the lending side, there are no such restrictions on liabilities side, which is why the bank has ventured into wealth management

Budget proposal of Grameen Credit Score to help credit discipline: Experts

It will weed out fraudulent borrowers and self-help group members, they say

Utkarsh Small Finance Bank looking to sell Rs 355 cr of microfinance loans

The bank has set a reserve price of Rs 52 crore for the assets it is putting up for sale, which would translate into a recovery of 14.64%

RBI allows small finance banks to offer pre-sanctioned credit line on UPI

Step will 'further deepen financial inclusion and enhance formal credit', says central bank

RBI allows small finance banks to offer pre-sanctioned credit via UPI

RBI allows Small Finance Banks to offer pre-sanctioned credit lines via UPI, aiming to boost financial inclusion for underserved communities, including small businesses and micro-entrepreneurs

BFSI Summit: 'No hurry'- Small finance bank experts weigh on 'going big'

Industry leaders at the Business Standard BFSI Insight Summit discussed the growth potential of small finance banks and their possible evolution into universal banks to expand their public appeal

Partha Pratim Sengupta assumes charge as Bandhan Bank's new MD & CEO

Partha Pratim Sengupta assumed charge as new MD&CEO of private lender Bandhan Bank with effect from Friday, the lender said. Ratan Kumar Kesh, who appointed as interim MD&CEO of Bandhan Bank after retirement of its founder Chandra Sekhar Ghosh, will resume his role as executive director and chief operating officer, with the joining of Sengupta. The Reserve Bank of India (RBI) had approved Sengupta's appointment as MD&CEO of Bandhan Bank and asked him to join by November 10 for a tenure of three years. Starting his career with the State Bank of India, Sengupta rose to the position of deputy managing director (DMD) of the country's largest lender, followed by his stint as MD& CEO of another state-owned lender Indian Overseas Bank from 2020 to 2022. Chairman of Bandhan Bank Anup Kumar Sinha said in the statement that "his (Sengupta's) proven track record in the industry will be instrumental in steering Bandhan Bank into its next growth phase." Sengupta said, "I am ...