RBI lifts all curbs on Equitas Small Finance Bank a week after its IPO

The (RBI) has lifted all restrictions imposed on Equitas Small Finance Bank (SFB) a year ago, the lender said on Monday, a week after it went public.

Later in the day, the SFB said it saw a 108 per cent jump in net profit at Rs 103 crore in Q2 against Rs 49 crore in Q2FY20. Net interest income was Rs 461 crore against Rs 351 crore in Q2FY20, growth of 32 per cent YoY.

Last year, the RBI barred from opening new branches after it missed the deadline to list its shares on the stock exchanges, a key licensing condition. The RBI also froze the salary of the SFB’s managing director and CEO. This has now been restored at the then existing level.

On November 2, the lender debuted on the with a 6 per cent discount against its issue price of Rs 33.

On Monday, its shares ended 0.76 per cent lower at Rs 32.65 on the BSE. According to the RBI’s licensing conditions issued in November 2014, an SFB’s shares have to be mandatorily listed on

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L&T Finance Holdings gets nod to raise up to Rs 3,000 cr via rights issue

is planning to raise up to Rs 3,000 crore in equity capital through of shares to support growth of business verticals like retail and rural finance.

The board approved the offer and issuance of fully paid-up equity shares for an amount not exceeding Rs 3,000 crore by way of a to the eligible equity shareholders of the company as od the record date, it told the BSE.

The company said details of the rights issue, including price and entitlement ratio, will be determined in due course.

Shares of Ltd were trading 0.37 per cent lower at Rs 67.35 apiece on the BSE.

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Investing your money in stocks? Here are 5 things you should know first

Investing your money for profits is what everybody aspires to do. You probably need the money for college, start up a business, for retirement, or you want to go for a holiday.

What is the best way of saving up your money with good interests? The regular bank savings account will not fetch you any good interests. There are so many ways of investing your money for far much better profits. Investing in stocks is one of the ways you can quickly grow your money. Before you invest your money in stocks, here are things you must know:

  1. Investing in Stocks Exposes You to A Substantial Risk, Especially in The Short-Term

Investing in stocks for the long term is one of the safest ways of investing your money. However, you should know that nothing is guaranteed in the financial. If you are looking for a short-term investment, stocks should not be on the list. Stock is volatile, and if you are not keen, you can lose your investment. Do not be too quick to sell your stocks. Wait and observe the market conditions for better deals.

  1. Start by Investing with Bigger Companies

Never invest your money on stocks of

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