Page 7 - Small Finance Banks
RBI panel recommends banking overhaul: Relaxation for SFBs, payments banks
Payments banks can convert into SFBs with 3 years' experience instead of 5, recommends RBI panel
 "RBI panel recommends banking overhaul: Relaxation for SFBs, payments banks")
Converting to a small finance bank is an option: Fino Payments Bank MD
RISHI GUPTA, managing director and chief executive officer, tells Raghu Mohan that if payments banks are allowed to give loans, the business model will be more sustainable
 "Converting to a small finance bank is an option: Fino Payments Bank MD")
'Bottom of the pyramid' prove to be the best customers for SFBs
At Business Standard's 'Unlock BFSI 2.0,' top SFB chiefs seemed very comfortable even when over 90% of their loan books froze into moratorium in March; By July, moratorium loans halved for most
 "'Bottom of the pyramid' prove to be the best customers for SFBs")
Unlock BFSI 2.0: Economy reviving, no need to extend moratorium, say SFBs
Heads of top small finance banks stress on the need to be more flexible in the current scenario and back 'emotional banking'
 "Unlock BFSI 2.0: Economy reviving, no need to extend moratorium, say SFBs")
Equitas Small Finance Bank net profit flat at Rs 60 crore in June quarter
Small finance lender Equitas Small Finance Bank on Monday reported a profit after tax of Rs 60 crore for the quarter ended June.
We intend to use open architecture to build scale: SBM Bank's Sidharth Rath
Sidharth Rath, MD and CEO, spoke to Raghu Mohan on the scale of the bank's ambition and the collaborative approach to rolling out business in its new avatar
 "We intend to use open architecture to build scale: SBM Bank's Sidharth Rath")
Clix Capital eyes majority stake in cash-starved Lakshmi Vilas Bank
Talks between the private lender and digital-lending NBFC are in advanced stages; letter of intent may be furnished next week
 "Clix Capital eyes majority stake in cash-starved Lakshmi Vilas Bank")
Differentiated bank holdco norms on cards; Bandhan, IDFC First may benefit
Lenders that do not have subsidiaries in insurance, asset management, and broking may be exempt from having a non-operative financial holding company (NOFHC).
 "Differentiated bank holdco norms on cards; Bandhan, IDFC First may benefit")
Weak economic outlook to give small finance banks more time to get listed
Five small finance banks, including Equitas SFB, are due for listing by 2021
ESAF Small Finance Bank gets Sebi approval to float Rs 976 crore IPO
SEBI issued the final observations to the lenders proposal on March 20, 2020.
 "ESAF Small Finance Bank gets Sebi approval to float Rs 976 crore IPO")
MFI operations come to halt in lockdown districts; biz severely impacted
Estimates suggest the locked down districts account for close to 50% of microfinance business in India; banks and SFBs could also be impacted
 "MFI operations come to halt in lockdown districts; biz severely impacted")
Shivalik Mercantile receives approval to become Small Finance Bank
The RBI had come with a scheme on voluntary transition of UCBs into Small Finance Bank (SFB) on September 27, 2018. But there was no taker
 "Shivalik Mercantile receives approval to become Small Finance Bank")
SFBs slow in MUDRA credit offtake in Odisha, extend just 2% of total loans
Have disbursed just Rs 135 cr out of a total assistance of Rd 6,492 cr; Private sector lenders eclipse all banks
 "SFBs slow in MUDRA credit offtake in Odisha, extend just 2% of total loans")
With 'restrictive' norms, not many takers for small finance bank licences
Word is out that there will be relatively few takers for SFB licences compared to the 72 applicants who lined up in February 2015
 "With 'restrictive' norms, not many takers for small finance bank licences")
SFBs need to widen deposit base by Rs 60,000 crore in 2 yrs: Report
Granular deposits, which are current and savings deposits and retail term deposits, accounted for 48 per cent of total deposits in FY19
 "SFBs need to widen deposit base by Rs 60,000 crore in 2 yrs: Report")
Co-op banks may come under banking act, forced conversion not ruled out
In the revised scheme, the inspection of the UCBs solely under the Banking Regulation Act will be done by the central bank
 "Co-op banks may come under banking act, forced conversion not ruled out")
Payment Banks can become SFB after five years under new RBI norms
SFBs will at once be identified as scheduled banks and can open branches immediately
 "Payment Banks can become SFB after five years under new RBI norms")
Oman India Joint Investment Fund II buys 9.9% in Capital SFB for Rs 84 cr
The current round of fundraising will help the bank deepen its penetration in Punjab and expand into Haryana, Rajasthan and NCT of Delhi, with a significant focus on MSME loans
 "Oman India Joint Investment Fund II buys 9.9% in Capital SFB for Rs 84 cr")
Small finance banks lag in opening Jan Dhan Yojana accounts in Odisha
This is despite their strong branch network and plans to expand retail banking operations; PSB lead race, accounting for 70% of such accounts opened in the state
 "Small finance banks lag in opening Jan Dhan Yojana accounts in Odisha")
Equitas appoints JM Financial, Edelweiss, and IIFL for IPO of SFB unit
The firm is targeting an issue size of Rs 1,500-2,000 crore and may file its offer document with markets regulator Securities and Exchange Board of India (Sebi) in a few weeks
 "Equitas appoints JM Financial, Edelweiss, and IIFL for IPO of SFB unit")
