Finance

How Fintech Reshaped Finance in the 2010s

Technology has transformed consumer behavior and business practices in many ways over the past decade. One segment, easily overlooked, is how much technology has changed the financial sector. Fintech, short for financial technology, is the act of using technology to better accomplish traditional financial tasks, usually by making them cheaper, safer, and more convenient. While it is well beyond the ... Read More »

Sridharan to lead Piramal’s consumer finance business

The private sector lender had informed the exchanges on December 6 that Jairam would be stepping down as CFO. Piramal Enterprises on Friday announced the appointment of Jairam Sridharan as the CEO of its consumer finance business. Sridharan recently quit as CFO of Axis Bank. The private sector lender had informed the exchanges on December 6 that Jairam would be stepping down ... Read More »

Ujjivan Small Finance Bank shares make stellar debut, gain 51%

Mumbai: Shares of Ujjivan Small Finance Bank made a bumper debut on the stock market on Thursday. The stock closed at ₹55.95, up 51.21% from its issue price of ₹37, after opening at a premium of 58.78%. The initial public offering (IPO) with a price band of ₹36-37 per share was open for subscription on 2-4 December. The IPO was subscribed 170 times on the final day of ... Read More »

Ujjivan Small Finance Bank IPO allotment done, listing likely tomorrow

NEW DELHI : After the allotment of shares for Ujjivan Small Finance Bank’s initial public offering (IPO) was completed yesterday, listing is likely to be held tomorrow, December 12. If you had applied for the Ujjivan bank’s IPO, it is likely that your stock broker has already sent you the status of your allocation. If not, then you can go to ... Read More »

Ujjivan Small Finance Bank IPO allotment: How to check your status

NEW DELHI : After receiving an overwhelming response for its ₹750 crore initial public offering (IPO), Ujjivan Small Finance Bank is likely to finalise allotment of shares today. Ujjivan Small Finance Bank IPO was oversubscribed by more than 165 times and is now the most subscribed IPO of 2019. If you had invested in the IPO, then you can check the status ... Read More »

Stellar response to Ujjivan Small Finance Bank: 7 IPOs got subscribed in double-triple digits in 2019

The primary market has seen 15 initial public offerings (IPOs) in 2019, less than the 21 public offers launched in 2018. This was due to weak market conditions, a slowdown in the economy and the liquidity crisis. In fact, the amount raised by these 15 IPOs was also far less than that raised in 2018. The 15 companies that went ... Read More »

Ujjivan Small Finance Bank IPO closes today: Key things to know before investing

The IPO of Ujjivan Small Finance Bank, which has seen strong response from retail investors, closes today. The ₹750 crore IPO had opened on Monday at a price band of ₹36-37 per share. Ujjivan Small Finance Bank will use most of the IPO proceeds for increasing its Tier-1 capital base to meet its future capital requirements. The lot size in Ujjivan Small Finance ... Read More »

Subscribe to Ujjivan Small Finance Bank: Aditya Birla Money

Aditya Birla Money’s IPO report on Ujjivan Small Finance Bank   Ujjivan Small Finance Bank Ltd (USFB), promoted by Ujjivan Financial Services Ltd (UFSL), is a mass market focused small finance bank (SFB), catering to the unserved & underserved segment. USFB is doing an IPO to meet the RBI regulation which requires the SFB to list within a period of 3 ... Read More »

Ujjivan Small Finance Bank IPO over 40% subscribed in 2 hours: Key things to know

The IPO of Ujjivan Small Finance Bank opened today for subscription and the lender is looking to raise ₹750 crore through this issue. The bank has set a price band of ₹36-37 per share and the issue closes on Wednesday. The bank will utilise the proceeds of IPO for increasing its Tier-1 capital base to meet its future capital requirements and towards meeting the ... Read More »

Has India’s financial sector lost the plot?

Reforms have failed to boost public investment or provide relief to financial institutions. A comprehensive review is needed The outcome of reforms in India, in a broader sense, is remarkable. The breadth and depth of finance have vastly increased — be it in banking, financial markets, insurance, or fund management. Investment opportunities have grown with newer asset classes, an expanded ... Read More »