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Tata Mutual Fund picks up ₹37 crore in multibagger small-cap stock Mufin Green Finance via bulk deal
Tata Mutual Fund invested ₹37 crore in Mufin Green Finance, acquiring 33,00,000 shares at ₹113.23 each. This investment highlights institutional interest in EV financing, with Mufin's stock rising to ₹117.70 post-deal, reflecting strong market confidence in niche NBFCs.
Finance ministry to meet bank CEOs on Anthropic ‘Mythos’ cyber risk
Indian bank leaders will meet the finance minister today. They will discuss protecting the nation's payment system. The focus is on cyber threats from a new AI model called Mythos. Banks are seen as vulnerable due to their interconnected IT platforms. This meeting follows reports of unauthorized access to the AI model. Global regulators are also discussing these potential risks.
AU Small Finance Bank to decide on fund raising, results on April 27
The board is set to consider an enabling resolution for the annual renewal of fund raising limits. The bank added that this includes raising capital through issuance of equity shares via private placement, qualified institutions placement (QIP), preferential allotment, or a combination of these methods. Additionally, the bank may consider issuance of debt instruments such as bonds and non-convertible debentures.
Fino Payments Bank completes ₹200 crore tech upgrade, gears up for small finance bank transition
The lender said the upgrade marks a key milestone in its digital transformation, enabling faster product launches, improved system resilience, and higher transaction processing capacity across payments and lending businesses.
Ujjivan SFB shares tumble after RBI returns universal bank application
RBI has returned Ujjivan Small Finance Bank's application for universal bank conversion, citing the need for greater loan book diversification before reconsideration
NBFCs' reliance on bank borrowings to increase in FY27 on lower interest rates
In the next fiscal year, non-banking finance companies are likely to increase their borrowing from banks due to the attractive lower interest rates available. Additionally, the unpredictable geopolitical landscape is making external commercial borrowings less appealing. To mitigate funding challenges, NBFCs may turn to securitisation for support.
Ujjivan SFB shares tank 6% today. Why is the bank stock falling amid a bullish sentiment in Indian stock market?
The central bank on Monday rejected Ujjivan SFB's application, citing for universal bank status, citing the need for greater diversification of its loan book. This pushed the bank stock lower despite a strong rise in the Indian stock market.
Ujjivan SFB shares tank 6% today. Why is the bank stock falling amid a bullish sentiment in Indian stock market? - Mint
Ujjivan SFB shares tank 6% today. Why is the bank stock falling amid a bullish sentiment in Indian stock market?Mint
Ujjivan Small Finance Bank shares fall 4% after RBI rejects Universal Bank application
The regulator has advised Ujjivan to reapply after achieving a more balanced and diversified portfolio.
RBI returns Ujjivan SFB’s universal bank licence bid; asks to reapply
Ujjivan SFB shares will be in focus after the RBI returned its universal bank licence application, asking it to reapply after further diversifying its loan portfolio, the bank said Monday evening.
RBI move may push govt NBFCs into Upper-Layer NBFC category
The Reserve Bank of India is proposing new rules for classifying large financial companies. State-owned firms like Power Finance Corp and REC may now be considered Upper-Layer NBFCs. This change aims for clearer regulations based on asset size. The RBI's proposal could bring more entities under stricter oversight.
8 out of 10 most India's valuable companies add ₹4.13 lakh crore mcap amid US-Iran ceasefire; HDFC, ICICI Bank top list
From the top-10 pack, HDFC Bank, Bharti Airtel, State Bank of India, ICICI Bank, Tata Consultancy Services (TCS), Bajaj Finance, Larsen & Toubro and Hindustan Unilever were the winners, while Reliance Industries and Infosys faced erosion from their valuation.