Small Finance Banks News
Jana Small Finance Bank Q3 Results: Net profit drops 18% YoY to ₹110 crore; NII up 8% at ₹593 crore
Jana Small Finance Bank reported a 17.91% drop in net profit to ₹110.6 crore for the December quarter. The bank’s NII rose 8% to ₹593 crore, while GNPA increased to 2.8%. The total asset AUM reached ₹27,984 crore, reflecting 19% year-on-year growth.
2 min read21 Jan 2025Why small finance banks want to glide faster into universal banking
Small finance banks face challenges in raising low-cost deposits and diversifying their loan portfolio.
3 min read23 Sep 2024‘Small’ isn’t beautiful for small finance banks
Created in 2016 to direct loans to smaller enterprises, farmers and under-served segments, SFBs are required to mention ‘small finance’ in their names
5 min read1 Apr 2024This is why there is still potential for a surge in banking stocks
With the stabilization of deposit rates, it is anticipated that Net Interest Margins will be more sustainable. That combined with other factors will drive bank stock prices. Read on:
3 min read24 May 2023Senior citizens FD rates: This bank hiked interest rates up to 8.85% on 1000 days to 1500 days tenure
Utkarsh Small Finance Bank has revised its interest rates on fixed deposits of less than ₹2 Cr.
1 min read23 May 2023Should you invest in fixed deposits of small finance banks promising over 9% returns?
Since May 2022, the Reserve Bank of India (RBI) has raised the repo rate by 250 basis points (bps), making fixed deposits once again a desirable investment for investors in fixed income.
7 min read17 May 2023Good news for bank fixed depositors! RBI hints at further FD interest rate hike
RBI’s bulletin said that as returns on term deposits improved and differentials with savings deposit rate increased in the recent period
1 min read22 Mar 2023Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared