Ujjivan Small Finance Bank Limited reported earnings results for the full year ended March 31, 2024. For the full year, the company reported net income was INR 12,815 million compared to INR 10,999.2.
Ujjivan Small Finance Bank Limited reported earnings results for the fourth quarter ended March 31, 2024. For the fourth quarter, the company reported net income was INR 3,296.3 million compared to.
In the last four trading sessions, two private sector banks have seen significant development both related to their shareholding. First is the case where the news came out that FII’s have reduced their holding and in another case a private equity investor sold its stake through a block deal. After both announcements, the stock prices moved up sharply. A number of times in stocks, where there is big institutional holding, there are phases, where it is more of technical reason which keeps the performance down. Now, surprisingly, it is during this period that PSU banks stocks which have been doing extremely well for the last couple of quarters, witnessed some profit booking. In case there are a few more trading sessions where banks see a divergence in performance, one cannot rule that a narrative might come on the street, about how private sector banks are better than PSU banks. It would be better to ignore those noises.
Ujjivan Small Finance Bank Ties-up with Veefin Solutions Ltd to Offer Better Supply Chain Finance Offerings to MSMEs devdiscourse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from devdiscourse.com Daily Mail and Mail on Sunday newspapers.
When it comes to the rural economy, most believe that it is auto and FMCG companies which give a good idea how the rural economy is working, But there is another set of companies which might have a better insight on how the rural and even semi urban part of the economy are doing because they work in this part of the country and also because of the fact of lending in those businesses which operate in the area. Despite all the headwinds, these small finance banks have been able to grow.