Brief India: Primer: Ujjivan Small Finance Bank (UJJIVANS IN) - May 2026 and more
In this briefing: Primer: Ujjivan Small Finance Bank (UJJIVANS IN) - May 2026 Strong Order Books, Squeezed Margins: What India's Transformer Industry Is Actually Saying? Primer: Nephrocare Health Services Limited (0542669D IN) - May 2026 What China's Anti-Involution Drive Means for India's Chemical Sector? Primer: International Paper Appm (IPAP IN) - May 2026 1. Primer: Ujjivan Small Finance Bank (UJJIVANS IN) - May 2026 Strategic Shift to Secured Lending: Ujjivan is aggressively diversifying its loan book, aiming to increase its secured lending portfolio from 46% to 65-70% by FY30. This strategic pivot towards products like affordable housing and MSME loans is designed to de-risk the business from the inherent volatility of its legacy microfinance segment and improve earnings quality. Ambitious Growth and Expansion Plans: The bank has laid out a five-year roadmap targeting a gross loan book of ₹1 lakh crore and deposits of ₹1.2 lakh crore by FY30, representing a CAGR of over 25%. This growth is expected to be supported by an expansion of its branch network from 752 to 1,150 and significant investments in digital infrastructure.
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AU Small Finance Bank introduces zero-forex-margin remittances, setting a new benchmark in transparent cross-border banking
DUBAI, UAE, May 4, 2026 /PRNewswire/ -- AU Small Finance Bank (AU SFB), India's largest Small Finance Bank and the first institution in over a decade to receive in-principle approval from the Rese...
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IDFC Bank fraud: Haryana power utility’s chief financial officer Amit Dewan dismissed for ‘blatant corruption, gross misconduct’
… government Monday dismissed the chief financial officer of Haryana Power Generation … officials and external conspirators, compromising the financial interests of public institutions … crore financial scandal involving IDFC First Bank and AU Small Finance …
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Haryana power body ex-director dismissed in IDFC First and AU Small Finance Bank scam
The Haryana government has dismissed former Director of Finance, Haryana Power Generation Corporation Limited (HPGCL), Amit Dewan, for opening bank accounts with the IDFC First Bank and AU Small Finance Bank in collusion with the mastermind of the scam and allegedly receiving Rs 50 lakh in illegal gratification. The scam is worth Rs 590 crore […]
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Haryana sacks HSAMB accounts chief over Rs 10-crore fraud in IDFC First, AU Bank scam
The Haryana Government has dismissed Rajesh Sangwan, Controller, Finance and Accounts, Haryana State Agricultural Marketing Board (HSAMB), for Rs 10 crore fraud in the IDFC First Bank and AU Small Finance Bank scam. The scam involved around Rs 590 crore, belonging to several Haryana Government departments. Sangwan was suspended after his arrest on March 14 […]
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