Utkarsh SFB gets price right, needs to build growth book

July 11, 2023

Utkarsh Small Finance Bank (SFB) plans to raise Rs 500 crore through an issue of fresh equity to augment the capital base. The promoter Utkarsh CoreInvest’s stake will fall to 69.3% after the IPO from 84.8%. The company has shown strong growth in the loan book, deposits and improvement in net interest income (NII), net interest margin (NIM) and return on assets (RoA) over the past three years. Its asset quality has also been improving after taking a hit during the pandemic

More To Explore

Nasdaq rises 1%, Dow, S&P close higher as weak jobs data tempers rate hike bets

U.S. stocks finished higher following a weaker-than-expected jobs report which eased rate hike expectations. Nonfarm payrolls rose by only 29,000, significantly below economists’ forecasts of

October 2, 2026

Fed officials give hints on rate decision as markets cut October rate hike odds

Fed officials tempered expectations for an October rate hike after Philip Jefferson and John Williams stressed patience and data dependence. Markets sharply reduced hike odds,

October 2, 2026

Advertiser Disclosure

Great-investor.com helps users across the globe to find out The latest news, Guides, and Info about finance and investments. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data.

Disclaimer

It is our organization’s primary mission to provide reviews, commentary, and analysis that are unbiased and objective. While great-investor.com has some data verified by industry participants, it can vary from time to time. Operating as an online business, this site may be compensated through third party advertisers. Our receipt of such compensation shall not be construed as an endorsement or recommendation by great-investor.com, nor shall it bias our reviews, analysis, and opinions. Please see our General Disclaimers for more information.

The information on this website does not constitute investment advice or a recommendation or a solicitation to engage in any investment activity. This website and its content are not intended for residents of the UAE, US, Canada, Australia, UK, Russia, North Korea, China, Japan, Hong Kong, Singapore and Iran.

Top10 International FZ LLE | 17th Floor, Creative Tower | 4422 | Fujairah | TRN: 100608946800003