Ujjivan Small Finance Bank plans to apply to the RBI for transitioning to a universal bank, aiming for lower capital adequacy requirements and decreased priority sector lending targets. Third-quarter net profit dropped 64% due to higher provisions amid microfinance stress. Deposits grew 16.3% year-on-year.
from Banking/Finance-Industry-Economic Times https://ift.tt/wdm7faX
via IFTTT
No comments:
Post a Comment