CAPITAL SFB
Most SFBs would not clamour to become universal banks if RBI eases some curbs, says ex-Secy
As per the RBI guidelines, SFBs are required to open at least 25 per cent of their branches in unbanked rural centres and are mandated to provide 75 per cent of loans to the priority sector compared to 40 per cent for the commercial banks.
FD interest rate of up to 9.1%: These four banks have revised fixed deposit interest rates in May 2024
In May 2024, many banks, including Utkarsh Small Finance Bank (SFB), City Union Bank, RBL Bank, and Capital Small Finance Bank, revised their fixed deposit interest rates. Here is a list of banks and their revised FD rates in May, with the highest interest rates and tenures.
Capital Small Finance Bank Q4 Results: Lender reports net profit at Rs 28.2 crore
Capital Small Finance Bank on Thursday reported Rs 28.2 crore net profit for the March quarter against Rs 24.3 crore in the year-ago period, riding on lower provisions and contingencies.
Unity Small Finance Bank Q4 Results: PAT at Rs 143 crore; NII rises 55% YoY
The bank, promoted by Centrum Financial Services, said its net interest margin was at 10.8%. Its operating profit soared nearly four-fold at Rs 147 crore against Rs 37 crore in the year-ago quarter.
F&O stocks: Tech Mahindra, GMR Infra among 5 stocks with short buildup
In Tuesday's trading session, the following five stocks witnessed a build of fresh short positions. Let us first understand how this conclusion is reached whether the stock has seen a buildup of fresh short position or not.
Moving towards zero net NPA; will consider universal bank licence after 2-3 years: Utkarsh SFB CEO
Govind Singh, MD & CEO of Utkarsh SFB, discusses plans to transition to a universal bank, emphasizing positive quarterly performance, NPA targets, and regulatory evaluation for the transition in the next two to three years.
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Stocks in news: Gland Pharma, Axis Bank, Tata Motors, UCO Bank, Jana SFB
Two entities – Nicomac Machinery and RP Advisory Services – are likely to sell upto 4.4% stake in Gland Pharma through block deals on Tuesday, according to news reports.
Is the bottom of the pyramid also a big opportunity? 4 small finance banks with upside scope of up to 41%
While it's commonly thought that auto and FMCG companies are prime indicators of the rural economy's health due to their direct consumer engagement, small finance banks (SFBs) may actually provide a clearer picture of the rural and semi-urban economic landscape. This clarity comes from their operational focus on these less urbanized areas and their direct involvement in lending to local businesses. Despite facing various challenges, SFBs have seen growth, driven largely by the unmet demand for capital at reasonable interest rates in rural areas. They offer credit to the bottom of the pyramid, at more favorable rates compared to traditional options which were available till a few years back, filling a critical gap.
If rates stabilise, our NIMs should be fairly comfortable going forward: PN Vasudevan, Equitas SFB
Equitas Small Finance Bank's NPA increased from 2.21% to 2.39% in the third quarter due to a securitisation transaction. They expect slippages to reverse in the fourth quarter. The bank is comfortable on capital adequacy and well placed in the current interest rate scenario. Equitas SFB's MD & CEO says: "Our pre-Covid GNPA used to be in the range of 2.5% and we are fairly back to our pre-Covid level."
Jana Small Finance Bank lists at a discount. Should you buy, sell or hold now?
"The key trigger of Jana SFB’s strong fundamentals is that it intends to strengthen its liability franchise with a focus on growing its deposit base to attain a stable and low-cost source of funding. Thus, we advise the investors who have been allotted the shares to hold them for the long term," said Shreyansh V Shah, Research Analyst, StoxBox.
Capital Small Finance Bank makes a disappointing debut. What should investors do now?
Analysts said the negative performance falls significantly short of pre-listing expectations and raises questions about investor confidence in the bank's prospects.
We raised Rs 575 crore in total, money to go towards growth of bank: Ajay Kanwal, Jana SFB
Jana SFB's ROA has been improving due to factors such as growth in good quality assets, reduction in COVID provisioning, and cost control through digitalization. The bank anticipates a continued improvement in ROA in the future. The September 23 NIM was also 7.8%, March was 7.7%. So, the bank maintained a flattish NIMs growth. There was a small rise in cost of funds but thanks to a product mix we are able to make sure the NIMs remain steady.
After successful IPOs, two small finance banks to debut on D-Street tomorrow. Here's what to expect
Ahead of the listing, the GMP of Jana SFB is around Rs 30, indicating a gain of 7% on debut, while that of Capital SFB is Rs 0, which implies a flat or even a discounted listing. Both the IPOs of Jana SFB and Capital SFB sailed through with subscriptions of 18.5 times and 2 times, respectively.
IPO Calendar: Primary market to breathe easy with only 2 IPOs scheduled next week
The Street will see a flurry of listings, four of them in the mainboard segment. Three IPOs of Rashi Peripherals, Jana SFB and Capital SFB opened last week and closed for subscription. The listings of these three public offers are scheduled for next week.
Capital Small Finance Bank IPO: Check subscription on last day, GMP and other details
Capital Small Finance Bank IPO is a fresh equity issue of Rs 450 crore and an offer for sale (OFS) of 15.61 lakh shares. Under the OFS, Oman India Investment Fund, Amicus among others will offload shares.
Jana Small Finance Bank IPO booked 18.5 times on last day. Check GMP and other details
Jana Small Finance Bank IPO was subscribed 18.5 times on Friday, the third day of the bidding process, led by robust bidding from non-institutional and institutional investors.
Capital Small Finance Bank IPO: Retail portion fully booked. Check GMP and other details
Capital Small Finance Bank commenced operations as India’s first small finance bank in 2016. They offer a range of banking products on the asset and liability side. It has 42% of the branches in rural areas, 34% branches in semi-urban areas and 24% in urban areas, as of September 2023.
Jana Small Finance Bank IPO fully subscribed on Day 2. Check GMP and other details
Jana SFB IPO: Both the categories of retail and NIIs were booked over 2%. The QIB portion lagged with just 14% subscriptions so far. In the unlisted market, the shares are fetching a premium of Rs 55, down from the previous day.
Controls in place to avoid loans to NPA customers: Jana SFB CEO Ajay Kanwal
Jana Small Finance Bank has 771 branches in 22 states and 2 UTs, with ~49 lakhs customers and ~20,000 employees. The bank's customer base has grown by ~3 lakhs in the first 6 months of this financial year. The bank's growth rate as on Sep’23 Y-o-Y basis was 42.39% on assets and 33.66% on deposits.
Jana Small Finance Bank IPO: Check subscription on Day 1, GMP and other details
The initial public offer (IPO) of Jana Small Finance Bank was subscribed 88% on Wednesday, the first day of the bidding process. The NII portion of the issue was booked the most at 1.2 times, followed by retail investors at 1.19 times. There QIB category was subscribed just 14%.
Jana Small Finance Bank IPO opens for subscription. Should you bid?
Jana Small Finance Bank IPO is priced in the range of Rs 393-414 per share, where investors can bid for 36 shares in one lot and multiples thereafter. The issue, which comprises fresh equity worth Rs 462 crore and an offer for sale (OFS) of 26.08 lakh shares, opens today and closes on February 9.
Capital SFB IPO offers exposure to secured MSME lending in the North region
The bank has zero direct exposure to microfinancing with most of the loan book consisting of secured assets unlike some of the SFBs, which have a significant exposure to unsecured microfinancing portfolios. CSFB has one of the lowest costs of funds
Jana and Capital SFBs secure Rs 324 crore from anchor investors ahead of IPOs
Jana's IPO comprises a fresh share issue for Rs 462 crore and an offer for sale of nearly 2.61 million shares by existing investors. It has set the price band at Rs 393 to Rs 414 per share for the IPO which will open for subscription on February 7.
2 small finance banks to raise over Rs 1,000 cr in IPOs. Check GMP before subscription
Ahead of the offer, shares of Jana SFB are trading with a premium of Rs 80, and Capital Small Finance Bank is fetching a GMP of Rs 47. Jana SFB has priced the Rs 570-crore IPO at Rs 414 at the upper end, Capital SFB has fixed a price band of Rs 468.
Secured loans, low concentration top draw for Jana SFB
It has been improving the share of secured loans in the loan book over the past few years. Its loan book is spread across multiple states with a lesser geographical concentration. Given these factors and a reasonable valuation, investors with a long-term view may consider the IPO.
Jana Small Finance Bank to launch Rs 570-crore IPO on February 7, announces price band
The issue, which received approval from the regulator in November last year, has fixed a price band of Rs 393-414 per share, where investors can bid for 36 shares in one lot and multiples thereafter.
Capital SFB IPO to open on February 7. Check price band, issue size and other details
Capital SFB IPO: The lender has priced the IPO in the range of Rs 445-468 per share and investors can bid for 32 shares in one lot, and in multiples thereafter. About 50% of the offer is reserved for qualified institutional buyers, 35% for retail investors and the remaining 15% for non-institutional investors.
Capital SFB, Krystal Integrated Services and Vibhor Steel get Sebi nod to launch IPOs
Capital Small Finance Bank, which filed its DRHP in September 2023, is among the leading SFBs in India in terms of cost of funds, retail deposits, and CASA deposits for FY23. The issue comprises a fresh issue equity issue of Rs 450 crore and an OFS of 24.12 lakh equity shares by existing investors.
Small finance banks bounce back from Covid lows
Equitas and Ujjivan lead the show with more than 80% jump in market capitalisation this year while Suryoday bounced back after dips in the previous two years. AU, already enjoying a high valuation, has delivered a consistent performance.
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