Page 5 - Ujjivan Small Finance Bank

Ujjivan SFB likely to elevate Carol Furtado as interim MD, CEO next week

Troubled with huge NPAs and top-level exits, Ujjivan Small Finance Bank is expected to elevate its head of operations Carol Furtado as an interim chief early next week

Ujjivan SFB shares tumble nearly 19% as MD, CEO Nitin Chugh resigns

Shares of Ujjivan Small Finance Bank on Friday tumbled nearly 19 per cent after the announcement that its Managing Director and Chief Executive Officer Nitin Chugh has resigned from the bank. The stock tumbled 18.76 per cent to close at Rs 19.70 on the BSE. During the day, it tanked 20 per cent to its 52-week low of Rs 19.40. On the NSE, it plunged 18.76 per cent to close at Rs 19.70. In traded volume terms, 22.56 lakh shares were traded at the BSE and over 4.44 crore units at the NSE during the day. Ujjivan Small Finance Bank MD and CEO Nitin Chugh has resigned from the bank and his tenure will come to an end on September 30. The bank has received a letter, dated August 18, from Nitin Chugh tendering his resignation from the position of the bank's managing director and CEO, with effect from the close of business hours on September 30, Ujjivan SFB said in a regulatory filing on Thursday. "His tenure as the director is co-terminus with his tenure as managing director and CEO of th

Broader indices fall 2%; Nifty Metal skids 6% on global growth concerns

The 30-share Sensex index declined 300 points, or 0.4 per cent, and closed at 55,329 levels on Friday while the Nifty50 index slipped ended at 16,451 levels, down 118 points or 0.7 per cent

Ujjivan SFB slips 8%, hits record low on resignation of MD & CEO

Nitin Chugh, Managing Director and CEO of Ujjivan Small Finance Bank, tendered his resignation, citing personal reasons

Nitin Chugh resigns as MD & CEO of Ujjivan Small Finance Bank

Chugh resigned from his position citing personal reasons, effective September 30, 2021

Top headlines: European shares tumble 2%; Ujjivan SFB MD & CEO resigns

Business Standard brings you the top stories this evening

Small finance banks suffer net loss in June quarter as provisions surge

SFBs - AU, Ujjivan, Equitas, and Suryoday - reported a combined net loss of Rs 66 crore in the June quarter of financial year 2021-22

Ujjivan, Equitas promoter holdings to fall to zero post mergers with SFBs

Predictably, share prices of Ujjivan Financial Services, and Equitas Holdings jumped 20 per cent each after the two entities received the nod to reverse merge with their small finance bank entities

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

Street concerned over Ujjivan SFB's asset quality hit in Q4; stock sinks 3%

Gross non-performing asset (GNPA) ratio rose from 0.97 per cent last year and 0.96 per cent (4.8 per cent as per pro-forma) in Q3FY21 to 7.1 per cent in Q4FY21

Ujjivan Small Finance Bank sees 86% net profit jump to Rs 136 crore in Q4

Ujjivan Small Finance Bank (SFB) on Tuesday reported an 86 per cent jump in its net profit to Rs 136 crore for the last quarter of the fiscal ended in March 2021.

RBI relief measures may cushion NPA blow from second Covid wave: Analysts

Analysts see the RBI's announcements to be sentimentally positive for the banking sector even as Covid-19 situation remains dynamic

Equitas, Ujjivan, AU Small Finance Bank gain as RBI announces loan relief

The RBI announced a special long-term repo operation window for SFBs, whereby the banks can borrow funds up to Rs 10,000 crore at repo rate for deploying for fresh loans SFBs

Ujjivan may move resolution again to appoint Samit Ghosh MD & CEO

The firm is reaching out to shareholders again in this issue after they voted against Ghosh earlier

We will take the white-label route to credit cards: Ujjivan SFB CEO Chugh

Collections and disbursements were better than their pre-Covid levels across all our businesses in March, and for the quarter, said Chugh

BS SFB Round Table: Rural, urban India show little difference, say experts

At Business Standard Unlock BFSI 2.0, some of the best minds from the SFB sector discuss the consequences of the lockdown, the urban- rural divide, capital-raising plans, and the way forward for SFBs

Ujjivan, Equitas small finance banks turn tricky bet amid mounting NPA woes

Equitas and Ujjivan posted proforma NPA of 4.16 per cent and 4.8 per cent respectively in Q3, highest ever in many years

Ujjivan SFB reports net loss of Rs 279 cr in Q3 on higher provisioning

The bank had posted a net profit of Rs 90 crore in the October-December quarter of 2019-20

Equitas, Ujjivan small finance banks: Long-standing demand may soon be met

Recommendation on collapsing the holding company could simplify the structure and help reduce promoter stake in the banks

Equitas SFB IPO subscribed two times even as HNIs give offer a miss

Institutional investor portion was subscribed 3.8 times, while the retail investor portion was subscribed 2 times